NORTHERN BAPTIST CORPORATION LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees, who are also directors for the purposes of company law, have pleasure in presenting their report
and the financial statements of Northern Baptist Corporation Limited ('the Corporation'} for the year ended 31
December 2022.
The financial statements have been prepared in accordance wth Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019) -
(Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) and the Companies Act 2006.
Objectives and activities
The Trustees have taken cognisance of the Charity Commission for Northem Ireland's guidan￿ on public benefit
as defined in the Charities Act {Northem Ireland) 2008.
Northern Baptist Corporation Limited is estsblished to advan￿ the Christian faith and pradice, education, relief
of poverty and other charitable purposes for the public benefit by promoting the interests of Baptist Churches in
Ireland. This benefit extends to the public through the member churches of the Association of Baptist Churches in
Ireland (Association) and through the work they do together as an Association by making known the Christian
Gospel of the Lord Jesus Christ and through the provision of premises for public worship, the provision of
opportunity for education of those entering ministry. engagement in Christian mission and delivery of relief of
poverty projects.
Achievements and performance
Throughout the year the Corporation continued its work on behalf of the churches in the AsSociatic￿, providing
trustee, financial and legal services.
Trustee Se￿ices
Northern Baptist Corporation Limited continues to operate as property holding trustee for Baptist Churches. No
property transfers took place during the year.
The Corporation continues to assist ten churches by way of guarantee over debt. No new guarantees were
issued during the year.
Retired Ministers Housin
Scheme
Six properties continue to be employed in the Scheme providing housing to retired ministers. No property
additions or disposals were made during the year.
Investment
Interest rates have started to rise throughout the year but still remain low, substantially reducing the
Corporation's ability to provide investment income for churches and departments of the Association.
ort to Association of Ba
tist Churches in Ireland
The Corporation continued to promote the interests of Baptist Churches in Ireland through supporting the work
they do together as an Association in a variety of ways during the year. Financial support was given to the Insight
Mag32ine and to assist with administration costs associated to the ABCI 2013 Retirement Benefits Scheme. The
Corporation continues to allow the Association the use of the Baptist Centre as a facility in which to undertake its
work.

NORTHERN BAPTIST CORPORATION LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Achievements and performance (continued)
rB
Mini
During the year the Corporation provided financial support to 5UStain the work of the Association Ministry
Support. Throughout the year this vitsl fvnction has provided counsel and guidance to over 50 individuals
involved in Pastoral Ministry and also support of churches that are wthout a pastor. This Scheme has proven to
be a great help as assistance and advice is given for a variety of settings.
Income Protection Scheme
This valuable Scheme continued to operate on behalf of the churches. This Scheme provides an insurance for
churches whose pastor experiences a period of long term illness. There are currently no ongoing claims under
this Scheme.
North Belfast Christian Fellowshi
The Corporation continues to support the OLrtreach carried out on the Antrim Road in the name of North Belfast
Christian Fellowship. A number of encouraging developments have been seen as the group seeks to minister to
the community.
ABCI 2013 Retirement Benefits Scheme
7he Scheme"
The Corporation Continues to provide a guarantee in favour of the Trustee of the Scheme over the Deficit
Reduction Contributions to the Scheme as detailed in the schedule of contributions dated 2 December 2022.
The Company remains in Contingent Assets agreements Y￿th the Trustee of the Scheme under which there will
be a charge over two properties owned by Northem Baptist Corporation with carrying value of £328,700 and a
charge over £175,000 of funds held in escrow.
Financial review
The results for the year are set out in detail on pages 11 to 25. The Corporation recorded net income for the year
of £316,029 (2021- net expenditure of £38,940).
At the year end cash at bank and in hand was £3.648.509 (2021 £3,683.989). It should be noted that the
majority of this balance is represented by deposits held on behalf of Churches, Trusts and Association
Departments.
At 31 De￿mber 2022, the total funds of the Corporats'on amounted to £5,436,403 (2021 - £5,108,457}. All of the
funds of the Corporation are unrestricted funds. However. ￿ndS totalling £4,236.786 (2021 £4,165,033) have
been designated by the directors for specific purposes. which are explained in more detail in note 18.
Unrestricted funds are considered to be essenb'al to support the work of the Corporation in promoting the
interests of Baptist churches in Northem Ireland, which includes providing financial support to the Association of
Baptist Churches in Ireland as required. Unrestricted funds are also essential to provide sufficient funds to cover
any unforeseen costs which may arise and to fulfil the legal obligations of the Corporation. The free reserves of
the charity at 31 December 2022 are represented by unrestricted and undesignated net current assets and
amount to £781,606 (2021- £943,424).
Conduit funding
The Corporation received funds of £9,625 from the Dobson Trust during the year which was distributed to a
church on behalf of the Dobson Trust. There was no closing balance owing at 31 De￿mber 2022 (2021
£1,925).

NORTHERN BAPTIST CORPORATION LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Structure, governance and management
Northern Baptist Corporation Limited is a company limited by guarantee and does not have a share capital. It is
govemed by its Memorandum and Articles of Association. which were most recently updated in February 2018
The liability of each member of the company is limited to an amount not exceeding £1. The Corporation is
controlled by the Executive Committee of the Churches, Council of the Association of Baptist Churches in Ireland.
Directors are sought according to the needs of the Corporation. New directors are briefed on their legal
obligations under charity and company law, the content of the Memorandum and Articles of Association, the
committee and decision making process and re￿nt finanaal perfomiance of the charity.
Responsibility for the day to day running of the charity is delegated to the company secretary, Mr D Ramsey.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up
to the date of signature of the finanaal statements were=
Mr S Glasgow
Mr R Millar
Mr D Nicholl
Mr J Mccluskey
Mr P Smyth
Mr J Flanagan
Mr M Patterson
Mr l Grant
(Resigned 7 May 2022)
(Appointed 7 May 2022)
Statement of Trustees, responsibilities
The directors, who are also the trustees of Northem Baptist Corporation Limited for the purpose of company law,
are responsible for preparing the Trustees, Report and the financial statements in accordance wth applicable law
and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practi￿).
Company Law requires the directors to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charity and of the incoming reSoUr￿S and application of resources, including
the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the directors are required to..
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements., and
prepare the financial statements on the going concem basis unless it is inappropriate to presurrE that the
charity will continue in operation.
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply with
the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.

NORTHERN BAPTIST CORPORATION UMITED
TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Audilor
In accordance with the company's articles, a resolutson woposing Ihat GMCG BELFAST be reappoinled as
auditor of the company will be put al a General Meeting.
Small Companles Exemptlon
In preparin9 this report. the direc*ors have taken advantage of the small companie5 exemptions provided by
sedion 41 SA of the Companies Act 20￿.
Dlsclosure of inforniation to auditor
Each of the Trustees has confirmed that there is no infomiation of which they are awa￿ which is relevanl to the
audit, but of which the auditor is unaware. They have further confirmed that Ihey have laken appropriate sleps to
idents'fy such relevant infomation and lo establish thal the auditor is aware of sud) infomalion.
The Trustees. report was approved by the Board of Trustees.
Mr l Grant
Trust••
Mr J Mccluskey
Trustee