ALLOA BAvfisT CHURCH SCIO UNAUDrrED FtNANCIAL STATEMENTS FOR THE YEAR F.NDED.IIST DECEMBER 2094 AlJnA BApftsfrHLfRCII SCK) Pagt I (ifr.%i kkAL INH)TLMA TK)N F()R THE I'FAR EYDED 115T DELF_UBEX .F.C:AI. I%FOR￿lA11o ¢14h Lkniy Suthbrr. Adthtk%.' S L4dwE Al 1*1 KM IJL hkern". Tht Hank o1.WL￿l 5wbni (Di Br￿h s￿￿nIc"e￿I WilwTh Alk FKIO IHX AIJ OA B4wfLff CHI'RC-H ANNI"AI. REFY)RT OF THE TRUSTEES )k 17IF. YL4R ENDED IIST DECEMHER_YO?4 RtylrfTrut Thr ¢fu%i¢¢% are pkJ¥d to V¢l¢rf thrr¢wt ￿￿T￿7th firt¥￿ tr£(*¥ch fLYthe )rucvthJ Tht ('hanly l) d SL4yli%h ('harilJhk I￿4￿￿￿#t¢d IA SCK)I L*l 14 YU*mL￿ Y)23. Tht ('huTih) ihdnt) nuM￿r li SL'U5_W. RI4ErriiLE and AdNknisir•th The ('hdnl* li￿ )car thtih¥My l¢kn.. Truiiee re(nbiimrThi by vinue irfihtir #rpiiAlmtnt. 1he."hU￿h tre ItJdmhip TArn The TnJ4le• Wl •% ihr 1<￿￿r￿lpTc￿M pprilN1*￿CjI 4 Ilmxiih Truitr¢ li wtth ￿ tlThe Tibcrth th Trukn w pThwly e*rii* their MpTrniibilii*s. rniTrut¢i ¥¢ retv•l thrrc w A will fff ¢1￿11th1 ippxhiwni a"Iru%i¢e m¢rnher y¢4r •TrJ Is Injth vf• tht CThrfll￿ in ihe Ail 41￿ ￿her 4uFV￿l￿¥ [r¥ulJlii￿%. i￿1￿j1￿¥ Iht.SL"irfi$4hCknth {)r¥￿i￿tA￿ Rel￿1￿ ￿1 l A Il Althb *od Afflll#tlu utKI re￿ Iifthe 411 with Bible I￿￿￿nI ¥thhip. Duiiii¥ t￿. lh¢ n¥¢1 ie¥ul4rl* lirf AfyJi4mrdiwt ¥IPArwiiof th %L*edwm* ￿p￿r￿ hiBhliKhts. ttl r￿¢ th14 . ri￿1￿0U¢￿ within -{ with iNher ihuTEkn ID tsArJn kK4 rt￿.￿ FA*¥. 4TrJ 2 in H(NJ￿ P4wkiArNJ . ￿11￿1￿leTih￿knlTr IiTr IA*mshill AC￿mY. Al&)A Ac*my. hyth v￿￿yc￿￿1e ar•J G*vAthI Lemrt. AUtsA BApfIsTCHLRCH SCK) ANNL"AI. REFYIRT OF THF. TRL'STEES F()R THF. YfAR F.Nt)fr.D.118T fJF.C'F_%fBF.R r2 Alms lor 2025 CiiTrtJnuL¥J LWtJlJun with (*h¢rihw£kn in U*iii*n Thr rnllnji￿i will ¢ThiiiThut thr mrmtr¢r% li&¢ asrrtiljc iypprfiiyjtsc lo br tsuikn. In r¢l•ilnTr t• Iln4¥Ke cuThmbulivns ftTxll Lthurt'h rn¢mivs ￿ •knnts oltenry5 md pft￿j Sr¢Ll￿ 4)If¢nn￿ f￿ *? I￿￿.4 i¥AXIi whc lI￿n 7111 Thr lufwj 11 £2.iJ.94vI1V•J.. L•37 JN:b. Th Under Ihe Gerthl the thernii*f*it ITh (IJA? IW2.1. £5.- hrkl ai ihv )Y* thr Lxwinl thrt )r reik1%￿lI1n wrKk Thc ('hurih R¢rKw4iirA F￿j C￿￿j lu kilLPKn L￿￿E.￿Df￿Y El4,Y￿4F.R* kFlfRT TOTHE TRLttFES I¥D MFMlltr.StsoF THE .iLIOtrl 8AvfLS"fiHLIRCH SCKI Ff)It THE TrEAIt Ef•OED IISTDECLYBf..R m:4 I thp dmrty 41fA lei01d￿ 4 ID I J dil. A￿] lilD I Iv AIJ.OA BAvfi.%T CHL'R('H SCIO NI)TF.S T() I III_ &INANC'IAI. STATF..UF.NTS THE Yb.AR ENDI."D IIST DECI."MHER ?(124 Pa¥e b I BASIS OF PREPARATinN ThLSe dill￿￿lI hd%C pr￿p￿t￿ thc uf hilli￿L co%1 with rt¢'i¥ni*d ai ill IrAn$uilliill TrJ4lue In npliarKe with Il Aiiiwllitng R•*ing hy Chariiie%. Swerneni . Ihe U¥Kern In rryinB thE annuul uLLi￿nI$. AllI￿ Bupii%l C-hurlh SCI() thc drfiniti(irt iifi wblil ￿r*fil e*llity FTr.8 102 A%4ei% li4biliiie* 4Te Iniiiully rr(I)¥ni￿d ai hilli￿￿￿1 tyl￿1 111 trun1￿11￿￿ v#lu¢ i¥hCrWi￿ i¢¥lcd thr wiliLy tNrttl¥l. ! AI'('OUNTIY(I ￿)].[(-[l..4 Whtrc Ir￿￿¥￿Ing rc%LpJrn¢% hyv¢ r¢14￿ ¢￿￿n￿llure wifh fU￿￿141n¥) Ihc InLi*nin# [t￿l￿fL.¢% And reliied eArKThliiufe ttre rerxKt¢d ¥riY44 the.%LII.'A Gronis ￿X￿tI£MI% Are (mly It￿.1u{￿j In ihe SOFA w￿n tht&hAnty Unli￿1111￿ entii*mtni iii the rvxwrrei. 'Th¢ lif uny viiluDuwy l*lp 1% niil irnly(ted in thc hui 1% Jc%rihEJ In ihe Ttulieri Annuul Invthiment I￿(¥17¢ 1% ITKludtyJ sn lh¢ ALlI￿An¢￿ whcn ttLY¢wubk. EA￿￿￿11￿r¢ und L44biliii¢s rNOBn1￿ ¥% Uwv IY i*JliB¥il￿ c(*nniittitl# Ihr Lhlnty lii ￿Y i￿t TewNJfL%%. (MTrw¢fNni¢ iiY41¥ Inilud¢ Ihe irfthe w¢puruiiiin ¢iainiiiu¢ii41iifswuiilry Aiixwn¢%. lh¢ 4ifTru4i¢e Thheelin¥% the uy le¥ul ￿¥lL¢ IIT Tru%th ITn ¥iivem*nL'e i¥lfillsiii￿l1i￿¥l rnatter¥. 7￿￿¥1h1e IIALQ fiirule hy Ihe ihqnly arc cupituli%ed If t￿.¥ Lan he Ihan imc year The> 4r¢ I41u¢d JI f¢¢¢l FIAlutr% ￿ filtin¥%. IO* pr %tr118hl Iinc. and huiklinBs. ￿￿￿Idered appwaic i(>dvrKffi•ie the con%idri tl* re51dual lo￿ hi8her than iwing Value f¢n¢ii¢J In Ihe Ai exh rwin8 fixed are reviewed todeterrnine wheiher I￿re 1% My Indiralli￿ t￿1 thDse ha¥c %uffrtrd an IMp￿r￿c￿l l1i%s If thcrc 1% an IndiLJlli￿ iTrf t￿￿11b1r Itnpwtmcni. tk amtTrulli irf Jny ffel￿ 1% e%limalcd and with Ils Utniiunl 11 inMNJllt li libwef, Ihei4rrwn8 Im51unl 1% reduLtd it% eitimalcd rryovtrabie Am￿￿1. Jn Itnpuirtncnl i(>s% 1% [fLD8nl￿d Inirncdittly in sxvfil IrJn I[np￿t￿L￿I %￿b￿llent1Y rever￿4. the iarTrin8 arn￿￿1 the Is Inircdscd rrvilcd c4limalc vf It5 aIni￿nI. hut niit In ¢Aie%¥ iifthe Jtniwni thui huv¢ JelLnnined nii Impairmtnt k14% bEen i11¥ni￿ Ihc In PN1￿ yeaTh. A r¢¥rli41 Impairmrni 14 rtiiPAnl4ed Imm¢diJi¢l) pnilil p41 AILOA BAPIIST CHL'%C-H SCM) N()fES T() THE FINANCIAL 5TATi.MENTS Fl)k THE YEAR E%DED 31ST DECEMBER_W24 Iiabililie% Iikc ttth Ly¢￿￿ *¥J tthrthud prkn. p reLfivahk P4ydble. Iniiially me*sur•l * rrfE%¢nl oftht ¢ath *J 41 cflcLtive Inicie)t Ikbt ¥¢ ￿￿tlY￿ within )Ut. i>piiallyi*hff Lkl* irt4litw%. urc mt&%urul. Inilially arAI * thr Iikc the p4yment irf a ¢r•Je &lerre4J in*re4 ¢% Thx a tht Y￿ur ofthe fuiuie c￿kn tkY* r*dir4err4 frinwmial thJi are me•ur¢d •r*J•ThMwtss¢d * the ObJ￿￿v< ha% J vJnJhlc irtlrtril Ne. thr rntc m(￿U￿¢ Ih r* det¢r7nin¢d U￿tr lh¢ ￿￿￿lr￿1. Unrc4lnifcd Jrc thThliiin¥ IMiwnin8 rew*￿￿4 %rfih¢ ihJrity W11h$￿i further %￿lfIed purpThe arE LI 8tr*r41 R¢4￿¢1¢￿ lo tr¢ ltyj by thtthw wl rneeil the* l* furnj. with • fwr WMI c2 'Iiwitie4 lor FnrrnDhB Sre¢Jal 1ffj15 910 2.155 2_N) 10 Inw¢%imen¢ Bdnk Inieresi 72 59 (Mher inLiime ALLOA BAVnST CHL RQH SCK) NOTF_S Tn THF. FINANCL4L STAIEMEYf5 FOR THE Yi4R Tr.XDF.I).IIST DF.CF_MBER Page 4 ANALYSIS OF EVENDrtURE O¥ CHARThABLE AMMES rth Fu FUAI Tiy Thantabk eirrtThJiw 8.334 7.h57 4.46 Mini%lcrs rrmui*iatithi Empliiverfs nlltional Insur4￿￿ Empli?￿S 2.746 126] 3.075 3.075 174Y Tekrkne a￿1 In￿rn¢t 3.734 3.751 .4>5 5afcty sr£unty RC￿lT* [n￿n￿n&￿t 4.617 5.14.1 74U 740 7(H %uTrJry 353 1319 35_1 tkpm.ldli BJnk ihar8C% ?.￿%7 50.71? 4.617 61.23.1 Costs 97? Pn)fC55I￿￿ ￿r¥￿r ?J15 ALUIA BAFTIST CHIIRCH SCN) OTES TO THE FI%ANCblL STATEMF.YTS FOR THE YF.AR E%f)F.D 31ST DF_CEMBER *1124 Pu¥c 9 Re%triit¢d 2.1 **dl 5. CA)VF.RNANCECOSTS KlcTKt￿CnI ACCi￿￿Li￿c￿ fte% PD)fe%ijiinal *Trlie5 270 22U 731 6. STAFF COSTS CJmi% wa¥¢%. pen%iÉin Cn%14 and iKnefii% in kin Empli)￿r.￿ naiiiindl In%uf4fKY C(yA .io.(KMI 2.740 1.263 9.4h.I 2.4117 2.74• No crnpiLyCe¥ fLTcivcd iixal crndurncnls 1?f thlln £￿.iN￿> Awerd$e number of full-time emptyes In the yc Ch4nIab￿ 7. CII.NIPARATtVES FOR THE STATF.ME%T OF FLNA.NCtAL Arr[vrr￿S Church R¢Tkb¥aijon E.und hurrh for ()Iher4 un￿￿1n(le1j ru Fu•d% Incorne t￿1￿WIne￿L4 fTUm". Iyi?ming re%iwfi¢% fftyn generated fvThl% 4Y.2W !35 59 2.407 5b.￿1 Ailiiilici lorBCnCtulin¥ fund5 in¥csUncnl Incomt Qihcr Iniiime 2.4117 T¢xdl inc(￿¢ ¢th￿￿en1% .12.IXK) .1.?45 frJpenJ11ure Chariubk xiivil￿$ 57.L81 338 5.4.87 T￿thI re￿ri¢s exrtnLkJ 57.251 5.457 Plei IfKim)In¥ trMiurt*% T￿￿ brw¥hi fLThwd 24? 833 7.030 929 Tttsl funds¢arned f(ywJrd 9.937 ALLIIA BAPtIST CHURCH SCIQ OTE.S TO THE FINANCIAL STATF.MF_¥TS F4)R THF. Yfr.AR F.NDF.I) 11ST I)FfF.MBF.R 11124 p&NsIo¥s The C'huLh 1% J WdrtlLIPdling emp1v￿r In Pen%i(Ni% ￿"h¢n￿ I'lhe ￿.he￿¢￿. whiih 1% a *parate legal enlit) ￿[nin1￿tered hy Ihc Pcn%l￿ Tru%lcc IBapiiit Pcn%ion TrU￿l ￿mItC￿l. Thc vf ihL SL￿￿￿ Jrt held *ldts￿lY ill F.nipliiyer the other parncipaDnB SLherne. pie*iLwJ%l) kn1]￿ll d% the Bdpii%l Mini%icf'b Pcniiun Fund. ￿l￿Ned In 19!fj. ki W*% ¢lowJ ¢v future i)r￿fined ncfill 31 DcL'ctnbrr Trol I Pnor lo ihi% dJlc thc bencfil Pn7vidcd Ihtlwgh thr tkrin￿ Brnefil IDBI Pldn *J&¥ a of onc ei8hticth or rindl minimum iniome fiireaLh wear i)f ￿￿}1$>￿￿bIc IcfvKc Iv8rthcr with *Idit1th￿ pcft%ivn in ¢r%￿L¢ ur pretniurnx Pen41l￿jh1e lrniXll¢ In of.Minimum Pen%liinahle Inciime Fwtn JJnuao 101 P￿￿¥1￿10￿ 1% ￿lTr¥ madc IhTLW8h Ihc DcfitKd C(mlnbutllHI IDCI Within the Siheme. In 8eneral. Members 8% (If thtir P¢niiIinab￿ Inci?me Jnd etnp1iiyeTh 6* lif Me￿￿[5 PLn4iixublc Inil)me Into Individu￿ aLli￿AL%. whiih Are rndDaged orth¢ Pen%iiJn TN%ltt hy BrywJ%ion¢ (.￿X￿￿te Benefiti lid In ￿dIti￿n. the employerp?y5 lurthrr4F ill PensiiTrnablc InLiimr ru￿￿¥¢t tkdih S¢ThiLL Bcnclil%. udmini%ifaiiiXI iiNlI. dn l%￿1￿1cd In%uran¢e wliiy hich p￿vide% Inc(Jtnc pnMcLlion for SL.hcmE in the tvenl thai thcTr atr unabk lij wi¥k duc Iv Ivft¥-Irrnl Incyily. Thls Income pr(Aecliiin wlicv Insurcd by the BJpii%i Uninn of GTCEI Bnluin with AviTru LJmi5cd. The ￿.￿Me 1% con%jLkred lii he d mulii*mpk)y¢r $c￿me descnW In Secti{￿ !8 ￿ FRS 111? Il 14 ￿441￿lE io tinbulr Ihe %iheme'% 45Jeis ￿ Iiabililies iospecific empkTryets. the *¢heme is TthxMJnt¢d frr t$ if the Sck¢n* a defin Lurttnbuliim kLhcmL. The Mini%i¢r 14 eligihle to join $C￿Me -Iudndl Vdlu A tnnndl %Mudlion the Dtfined Benefit IDBI Plan al.11 Decctnbcr 9019 by a pro[c%%i￿dIJY qu￿lf1Cd ALtUAf! Ihe PniJL¢i¢J L'nii y¢Ihi￿ Ai Ihr idluAti1￿ d￿le ihe martel lif the DB Ptsn rnilljnn. k%cl (Trf94*1 Tr Church ￿-r cmplii)cts In thc DB Plan atr iiillciliicl) ￿5Fm￿Siblc fundillb Ihi% defitht. key unthdyin8 the valuaiim weTe a* foll(M¥.' TY￿ uf Fillaitial As%umpiiiin RPI pnlr inftall￿ CPI pnic Inflatllm ai%UTllPliiin Minimyin Pei1%li￿ah]￿ Inj51nie Inir¢&se Adiu%irnen¢ I￿)¥¢{-pl> Pr¢-Irlirtineni InNL%trnLni reiurn% Igill Y￿1￿ plu% 1 75Tr pAI PiL%l rtlirrm¢nl d%%uin¢d Ini¢%lrnL Trl linilL¥lin¥ benrfil% mdIL￿ by Minimuin Pen%lI￿￿bl¢ IniiTrni¢ Inire&*% Idkne CPI plu%O.5*11 tkfertrd prnsiiin inLlea5r5 . Prc Apnl 21 . P￿1 Apnl ?iXV) 3.20 3.20 - ksed CPI with An annul and annu41 capof 5 ALLI)A BAFY'IST C-HURL'H SCIO OTF_% To THE FINA%C'IAL STATF_MF.YTS F()R THE YF.AR F.NDED.11.qT DF£F.MRF.R ?1124 J¥c 11 Yirte a ICuntinuEdl ixlalily Ill XLIKdanLC wilh Xll* lif Ihe SINA %luntlard m(nuIIiy lable. Fuiure Im￿>￿eMentS wpjecied fmm Jljl J ln lsne with ￿￿"cmI ?JIY" wU)ELt1￿ ￿1th a ￿￿¥.1trIn rite lit ITnw>vemtnt uf 1 75* p a. m#lri ansl 15% p.A. fcmaki. with tkeore miMAhing pJrJnyi¢r and wilh ￿￿111￿al Initi•l MI￿￿11tY irnpnwern¢Di ill faLlor A￿.5% Thr w￿￿￿lilIn irfthc DB Plun within thc SLhe￿￿ ￿11 Ll)mmenL* in 2￿3 111 ren￿1 Iht rthitii)n #i Ag 11 Dts'ember 2092. In ￿￿11111￿ lij ihc LI￿1￿b￿lI￿Ni l{} Ihr ￿ Plan scl IWI ah?vc. WhE￿ J bJlualiiin irf Ihe r)B Plin reital4 a defiili Ihe Tru%tee and the CiwJwiI Piwn w•4 %igntd In S¢pt¢rn*r !11?() which J¢fii1¢niy ￿￿￿1n￿Ul￿iI￿I are payllblc unlil JU￿ TrII76 The￿ iiinlnbuliiini were hiiTrudly ha￿1 ¢￿h enipkTryLf'% M*M￿DhIP Ai 11 [knYm￿r !Ul4 In Iinc with Incr¢u4¢% tii.MIDiniuin InLumie defined In Ihe Rulei. l)n 111 Junt Iiill ihe EIJpiiil P¢n%Kki ￿.he￿￿ thgieei7itnl ¥%iih Ihc Ju*t lJnWP I"Ju%l"I Iii E)11 P In¢rnh¢r4' ￿¢￿111 tl LI￿rrIh￿l1L￿ ILith¢ l)B 4nd th¢re will ￿ nil fynh¢r re*￿Tr￿lihILll) Iiiward% IIB ALL()A BAFf15T C'HLRC H SC'IO ¥OTES TO THE AYA.NCIAL s'fATF.VF.Yrs FOR THE YF.rlR r.NDEfJ IIST DFrF.￿FjF.R yJ*4 9. ￿XF.D ASSErs BuiPJings cosr A% ul 31%1 DcLcmbrr 2023 AdditlLm5 >11.4tA ai.ll¥i Du'emhu ry)?4 DEPRECLITION A% al.Il%t [K￿Mber_￿123 rge fm¢rnhm irfthe I￿¥11 ￿11. > 4 W.1 (nJi in wilh rniHiilcr. Tr by wtht ¥tdufL* )tx JI ￿.4 £xiwI.W?3. É19.11151. IJ. ANALYSIS OF NET KSSF.TS BTrTWFTr.N FLINIXS TN41 furth IWl.676 14kn.991 CuN¢N Cyrw 114bilil 9.529 4411.559 )?I Trn fu￿ I￿rth lur￿ I9￿5¥3 41.857 CutTrnl Curreni tiahilli￿ In.977 111.977 16 ANALY5JS UF PIND5 Fu￿j Br￿h1 fwd Grnernj UntthtnLlvJ I￿lIme luTrJ 52.7 R¢%trwl Churih ItLyh)valil￿ Ch￿ri￿ fill Other% Fund Trd41 re￿￿0¢0 lund 11.1117 1.41A 5.¢A ¥.073 A.91.1 ?4$