Charity registralion number: 1126480
Beulah Baptist Church
Annual Report md Financial Staternenls
ror the Year Ended 31 Dcccmbcr 2024
Mannington5
39 High Street
Ballle
Ea51 Sussex
rN33 OEE

Beulah Baptlst Church
Contents (eontlnued)
Reference and Adminislralive Detalls
TrustCL%' Report
2to3
Sthtcmcnt of Tru51ccs' Responsiblliiies
IndependcnÉ Exumin&s Report
Stalcmcnt of Financial Adlvities
Balonc¢ Sh¢¢l
Noie5 lo ihc Financial Siaiements
8t018

BeulAb Baptist Church
Referenee and AdmiDistrative DetAIL8
Trustees
Rev D ixKkw(XKI. S￿l0r Minisier
Mr P Rci8h. Trcasurcr
Mr l Howell
Mr B Henley
Mrs A Pragnell
Mr A V Panncll
Mrs S FeakI￿
Mr K McKay
Mr B Wigh¢wick
Mrs R Lawric
Seer¢tary
Charlty Regbtratlon Numb¢r
1126480
PrlDclp41 Offlce
Beulah Baptisi Church
BuckhuN Ro*J
Bcxhill-on-sc
E851 Susscx
TN40 IQA
Ind¢pend¢Dt EA•mlner
Manninwon5
3914igh Street
B￿11¢
TN33 OEE
B*Dk¢
Barclays Bank
Lei¢¢si
LE87 2BB
Baptist Union cOry￿)r*I0ft Ltd
PO Box 44
129 Broadway
Didcol
Oxon
Pa8e I

Beulah Baptist Churcb
Trustees, Report
The tntslees present the annual report togethrx with the linan¢ial st&ements ol'the chariry for the year ¢nd¢d 31
D¢c¢mbLr 2024.
Structurey govern4Dce 8nd management
Ntthire of8overning documenl
The Church w&8 founded in the 1890s to provide the area of Bexhillvon-sca with a Baplisl Church. The ￿UrCh
is constituied under a Irust deed of1973 (Ivhich replaced the original deed of1896) according io the rules of ihe
Baptisi Union of Gre& Britain and governcd by Deacons and Elders WI￿ comprise the Trustees under Charity
iaiv. The policy of the Church is lo have sutTicieni financial resources and voluntary h¢lp to be able to offer
local residen￿ Sunday services and various other activities in a Christian conlex¢.
RecThithieAt l￿dapPOIn1￿elll oftrmsiees
Deacons and Elders logether with the minisiers are ap￿In￿d by ¢I￿lI0n ai Church meetings according lo the
rulcs of the Church and are the Trust¢¢s.
Organisulionalslrnclur
I'he Trusiees are responsibl¢ to the Church rneeling which is thc final authoriry on all matters of Church
govcmm¢ni.
Objeetives and activities
Objeeilves. slrnlegies and aclivities
Functions of the Church ar¢ carried oui by various groups: Sunday Club. Creche, Beulah Toddler& Mi&week
and Sunday activities for children and young p¢ople. CAMEO. Connea Groups. Clillord Day Centr& Sunday
Lunch Club. Churth Prayer Evening. Access Group. Board Games Club: Art Group. Marching Band, Squar¢
Dance Gri)up. Community meals and the Ukraine Hub.
Church Membership
Churth Membership & 31 December 2024 th'as 200 members {2023: 185 members).
Public benejli
The trus￿$ confimi (hat they hav¢ complied ivith th¢ r¢quirements of seclion 17 of the Charitics Act 201110
have due regard ¢0 the public benefit guidance publish¢d by the Charity Commission for England and Wal¢s.
Grani nmkingpolleles
Grdnls arc made to individuals Mlyo are memb¢r5 of the Church lo assist them in a Christian aciivity or io study
ror Chrisiian minislry.
Use of volunleers
The Church dcpends on the volunw services of many helpers in order to offer such a wid¢ rdnge of a¢¢ivities.
Pa8e 2

Beulah Bapiist Church
Trustees, Report (continued)
Financial reviv
It is encourdging to see the rncmErtrship and attendances in¢re&sin& Th¢ ¢hurth's financial posi(ion continues to
be healthy with thc frccwill offcrings continuing at a g(KwJ level and In￿Me Irom Twm hirings and bank interest
increLqing.
(￿r ¢lTorLs to rttwit a fvll lim¢ Assistani Pastor prov¢d fruiilcss. The plan is now to scek- up to five part4ime
new m¢mber5 of stsff - cach working eight hours a ii'¢ek on defined ar￿ of miDiS1ry. Th¢ appointments M'ill
initially b¢ for Im'o years and fi￿ded from the pnx¢cds of the 2023 Gift thy.
The growth of the fellowship underlines the need for &ldiiional and flexible space and so d)e pursuit of Ihc
Building Developmeni Project remains very im￿tanL Following the refi￿1 ofour second plaming applicalion
(in August 20231 ￿ demolish the sanctuary and Buckh￿￿ Room and rebuild more apryopr1a￿ accommodation,
we have now enlered inlo a Plaming Perfomiance Agreemcnt with the Local Planning Authority. This will
enable us to obtain a clear understanding of the type of developmeni tha¢ is likely to be alloN4rd and lead to an
appropriat¢ (wlcome for the churclL
Our Community Meals and UkrniK Hub ministrias cofflinue to bc mainly funded by external grants fmm
ESCC, via Rother Voluntsry Aciion. Nalionally. the church supp)rts BMS World Mission and the Bapti￿ Home
Mission Fund arML locally. the F(wJd BanK Homclessnc&5 Unity Group IHUG) and Chrisiiam Against Poverty
(CAPI.
Changing the charitable Stat￿$ of the church to a Charitoble Incorw)ra¢oJ Organisation is still on going and
hopefully will be achieved durin8 2025.
Policy on reserv
The reserves policy of Beulah BarrtI￿ Church is to hold 25 /• of all annual ¢xpendilure lo allow the Church io
adapi ￿ any changes in the income or ex￿dIture of the church and io allow for emergency building repairs.
The Trustees currcntly b¢lieve this amouni io bc £75.000.
Surplus monies are hdd on d4￿1( at the Churth's bHnktt&
The free res￿¢5 ai the year end 3 Isi Dec¢mb¢r 2024 We￿ £700384 {2023 - £695.32)).
Conflicts of interest
In all circumstsnces whuc tsusiecs of the church are considcred for paymen￿ other than the r¢fwMJin8 or
o￿￿r-￿CkeI expenses. this should be considered a( a meeting of th¢ trusttts and agreed by a majority of those
prtsent not including th¢ individu￿(S) concerned This to i￿lUde F4yments to close rel*ives and ihc
pn)vision of goods and servitts ii.here a tr￿￿ee has a financial inicresL Ir there is any doubt th¢n the Chariiy
Commission be CLn%ulied
Pagc 3

Beulah Baplisl Churc
Statement of Trustees, Responsibilities
The truslees are rtsponstble lor weFwing the tr￿￿ets. ￿port 8nd the financial State￿￿￿ in accordance with the
Unitkd Kingdom Accouniing Standards (UniÉcd Kingdom Generally Acccptcd Accounting pra￿lee) and
applicablc law arKI regulations.
The I￿¥ applicable th charities requires the inL8tc&% to prerArc financial s￿ements for each financial ycar which
8ivc a Irue and fair Niew of the stale of affairs of the Lkniry arKI of thc inc(xning resource5 and applicalion of
resourccs of ihe charity for Ihai period. In preparing these financial 5tst¢rncn4 thc truste￿ are required 10:
select suiiable accounting policies and then apply th¢m ¢x)nsistenily'
observe the methods and principles in the charli1￿ SORP:
mak"¢ judg¢m¢nts and ￿tImat¢S th* ore reasonable aThJ prnthnL
slate ivhcther applicablc KLvunling sthndards have bren tollowe4 subject to any mawial dqwrtures
disclosed and explained in the financial SW¢m¢n￿. and
prepare the financial slat¢ments on the going ¢0￿crn basis wiless li is inar¢Y(w*¢ LO pttsume that the
charity iyill continue in b￿sin￿%
Thc trusie¢s are responsible for keq>ing proper accounting reconts that disclose with rfasonible accurary at wiy
lime ihc financial ￿SItiOn of the charity and enable th￿n to ensurc that the fina￿la1 statements comply with the
Charities Ad 2011, the Chuilia (ACc<￿ts and Reports) Regulatiorts 2008. and thc provisions ol the
con5lituiion. The trusltts arc also ￿$￿)￿Sible for safeguarding the assets of the charity and hcncc tor tsking
reasonable 5t¢ps for the preveniion and d￿￿tiOn offrdud and other irregularilies.
Thu In￿lett are responsible for the maini¢nanc¢ and ini¢griry of the cOr￿[a* And financial inforn)ation
included on the charithble compart￿S wd)siie. Le8islaLion govcming the wepar*ion and dissemination of
financial slalemcnLS may differ from l¢gi$l&l(￿ in other juri5dictiOlLS.
Ap
ofthe Charity (￿....... . .
and 5]g￿d on its bdlalfby:
sie¢
TTUS
Pag¢ 4

Beulah Baptist Chureh
Independent Ex2miDer's Report to Ihe trustees of Beulah Baptist Church
I report on thc accounts ol'the churily tor the year end¢d 31 December 2024 ivhirh ar¢ S￿ out on pgges 6 10 18.
Respectivt responslbilltle5 of trustees and examlner
The trustees ar¢ ttsponsible for th¢ preparntiort of the ¥wunt5. The ¢n￿le¢S consider ihat an audit is not
requir¢d for this year under section 144(2) ol. the Charilies Act 2011 (the 201 l Acll ond that an independenl
¢xaminalion is needcd. The charily's gr05s incom¢ exceeded £250.000 and l am qualified to undertake Ihe
examination by being a qualified member of Institute of Chartered Accounianis in England and Wales.
It is my responsibility 10:
cxarnine Ihe accounts und¢r sc¢tion 145 0l.ih¢ 2011 Ac(
to follow the procedures laid down in the gcneral Direclions given by the Charily Commission under section
145(5)(bl of the 2011 Art,. ond
io state whether particular mattcrs have come to my aiteniion.
Ba$ls of Independ¢nt ¢x4mlDer's r¢port
My ¢xamination was carried oul in accordancc with the general Directions 8ivcn by Ihe Chariry Commission.
An examinalion includes a rcvicw of the accoun¢ing records k¢pl by the charity and a comparison of Ihe
ac¢ounts preSen￿d with Ihosc records. It also includes consideraiion of any unusual items or disclosures in the
accounts, and kcking explanations from you as trustees concerning any such maiters. The pro¢edurLs
undertaken do not provide all the evidence that would be required in an audit and cons¢qucntly no opinion is
8ii'en as to whether Ihe accounts preseni a 'true and fair vicw, and the report is limi*d 10 those mallcrs sct oui
in the ￿xI stalernenl.
Independent ¢xaminer's stA¢tment
In ¢onn¢¢iion wilh my cxaminalion, no maller hos comc to my allcniion:
{ l ) which 8ives me rc&sonable cause to believe Ih* in any material respeci the r¢quir¢mcnls:
to kccp accounting records in accordance with seciion 386 0l.thc Coinpanioq Act 2006. and
to prcparc accounL% which accord with Ihc accountin8 records. comply with the accouniing requirements
of seclion 396 of th¢ Companies Ac1 2006 and with th¢ rncthods and principles of ihe Sialemcnt or
Recommended Pra¢ii¢¢', A¢¢ountin8 and Rcporlin8 by Charities
have not been mct: or
{2) to which. in my opinion. attention should b¢ drawn In order lo cnoblc a pr¢)per undcrslarKlin8 of tlK &ccounL8
to b¢ r¢a¢hed.
I have no concerns and have come across no other malters in conncction ivith the exAmin&ii(yn to which attention
should bc drawn in this report in ordcr lo enable a proper understanding of th¢ accounts io be reached.
R Walsh FCCA
Insiitute of Chartered Accountants in England and Walcs
Manninglons Charter¢d Accountants
39 High Sire
BaLile
East Susscy
TN33 OEE
23 April 2025
Pagc 5

Btulah Bapttst Church
Statement of Flnaneial Actlvllles for the Year Ended 31 December 2024
Unrestrl¢¢ed
fund$
Restrlcted
ds
Total
2024
Total
2023
Note
Income and Endowments from:
Donations and legocics
Invcstmcnt In￿Me
OLh¢r income
227.167
12.814
28,671
18.618
12.411
245.785
25.225
28,671
381.717
11,355
28.083
Total Incoin¢
268.652
31.029
299.681
421,155
Exptndlture on:
Charitablc aclivities
Governance costs
(239.257)
(1,920)
(53.445)
(292.702)
(250.241)
Total Expcndiiure
Net incom¢l(¢xpcndilure)
Gross irjnsfers between funds
(241.177
53.445
294.622
1254,381)
27.475
37.744
{22.416)
37.744
5.059
166.774
Other recognlsed golns and los*s
N¢l movan¢nl in funds
110,269)
15,328
5,059
166,774
Reconclll4tlon of Ibndl
.1 olal funds brou8hi fonvard
Tothl funds curried forward
337.773
972 824
1310 597
1 143.823
16
327.504
988.1 $2
1.315.656
1.310,597
All ofihe Charity's activilie5 derive from ¢oniinuin8 op¢raiion$ durin8 ihe abov¢ two periods.
ThL funds br¢ak'down for 2023 and 2024 is thown in nolc 16.
Pag¢ 6

Beulah Baptist Chureb
(Registration number: 1126480)
BalaDee Sheet as at 31 December 2024
2024
2023
Note
Fixed assets
Tangible &sscts
615.272
615.272
Current assets
D&>lors
Cash ai bank and An hand
12
13
4.179
702.956
6.592
695.562
707.135
702.154
Cr¢dittsn: Ajnounts falling due within one year
14
(6,751)
(6.8291
Net current assets
700.384
695J25
Net assets
,315.656
1.310597
FuDds of ihe ¢harity.
Rostrlttod Income funds
Re5triclcd funds
98&152
972.824
Unrestrkted Income funds
unrestr1c￿d fund8
327.504
337.773
Totsl funds
16
1.315.656
.310.597
The tinancial M*¢mcnts on pagc5 7 10 20 w&e approved by th¢ tru5*e& pnd authorised for issue on
.. and signed on their behaifby:
Ta￿le¢ P.A. Reigh
Page 7

Beulah Baptist Church
Notes to the Fin2nci21 St2temeDts for tbe Year Ended 31 December 2024
I A¢couDtlng poll¢les
StAtement of ¢ompllance
The financial statements hav¢ been prepared in accordance with Accounling and Rewrtin8 by Chariiies:
Sts*m¢nl of Rccomm¢nded Prathice applicable kn chariiies pr¢pgring th¢ir 8ccounts in accordance with the
Financial Reporting Smdard applicable in the UK and Republic of Ireland (FRS 102) (¢ff¢¢uve l January
2U15) - Icharilics Sorp {FRS 102)). the Financial Rcportin8 Standard applicablc in the UK and Rcpublic or
Ireland (FRS 102) and ihe Chariiies Act 2011.
Basis of preparailon
BLulah Baptisi Church meds the definition of a public bencfii entity under FRS 102. As￿ts and liabiliiies are
iniliolly rcco8nised ai hisloriol ¢os¢ or transathion value unless otherwise stated in the rclcvanl accounting
trlicy no*s.
Gtylng concern
The trusie¢s wrLsid¢r thai there are no ma￿181 uncertainiies al)out thc L*￿Ity'S ability ￿ ¢onlinue as a 80in8
concun.
Income and endowments
Voluniarv income including dor￿lOnS. 8ift& legaci¢s and grants th41 provide core fundin8 or are ol. a general
naiure is rcwgnised when the ctrwiry has cnliilement ￿ ihc incorn¢. i( is wobablc that the income will be
receiva ond the amounl ¢an be measured with sulTi¢i¢nl ￿lIabIlIty.
Donarfons and le8acles
t)onalion5 and le8aci¢s are reco8niKd on A rtceivable b&8is when receipt 15 prn￿bIe and the amount can be
r¢liiibly m¢&swed.
Expendltsre
All cxpcnditure is recognised once there is a legal or u)rnstyuciive obli8alion expendiiure. li is probablc
s¢itl¢m¢nt is required and ihc amount can be measured reliably. All cosls ar¢ allocated lo Ihe applicable
cxpcnditure h¢adin8 that aggregate similar cosis to that ￿le81)ry. Wherc costs connoi be directly allributed io
Particular headings Ihey have been allocated on a b&si5 ronsisteni with the usc of resources. with ccniral staff
¢osts allocated on Ihe basis of lime spenl. and depreciation tharges allocaied on th¢ w)rtion of the asset's ￿$¢.
Oihcr support costs are allocat￿ based on the spread of staff ¢osts.
Churf¢tTble aclivliles
Chariiablc exp¢ndilur¢ ¢omprises costs tncurred by thc Chariry in the delivery of its ￿livI11cS and scrviees
lor its bcncliciaries. It includes iKMh costs that can be allo¢a¢¢d directly to such aclivilics and th0￿ Costs ot. an
indireLX nature neccs5ary to suppffi them.
GnTnlprovisions
Provisions for gfonts arc made when the intcnlion to make a grant has been rommunicatoa ￿ the rccipient bul
¢here is uncertainty aknui either the timin8 of the grani or the amount of grani pAyable.
Page 8

Beulah Baptist Church
Notes to the Ffinaneial Statements for the Year Ended 31 December 2024 (eontlnued)
Support Costs
sUp￿rt cosls include ccntrnl funclions and havc bccn allocaled lo aciivity cosi catcgorics on a b&sis consisl¢nl
with ihe use of resourccs. for example. ailocaLin8 properly cosls by floor areas, or pcr capit& sthff cosls by the
lime spent and oiher costs by iheir usage.
Gfyvern8nce costs
Thcs¢ include the costs aiiribulable to the charity'5 compliunce with consti(Utional (md Slatutory requircmcnts.
including audiL slralegic managemcnt and trusiees. meeiings and rciml>ursed exp¢nses.
TAx*ilon
The charily is con5id¢red to pass Ihe iests s¢t oul in Parngrgph I Schedule 6 01. the Financc Act 2010 tfftd
thereforc il meeLs the definition of a chariiablc company for UK corporalion purposes. Accordingly, Ihe
charity is polcniially ex¢inpt from thxalion in respeci of incomc or capital 8ain$ received within cutC8ories
covered by Chapter 3 Part I l of ihc Corporalion Tax Acl 2010 or Scclion 256 of the Taxation of Cliargcable
Gains Aci 1992, to the extent ihai such income or gains arc applied exclusively io ¢harithlc purposc&
TAnglble fixed Assets
Individual fixed ¢osiin8 £5.000.00 or morc are inilially recorded ai wsi, less any subsequent accumula¢¢d
depreciation and subsequ¢nl ar¢umula¢cd impaimi¢nt10sses.
No value is placed on moveable fumishings hcld by the church. since ihe Trnslecs consider thi5 lo be inalienabl¢
propeity. All ¢xpenditur¢ in¢urrcd on consecrated or bcneficcd buildings kilchcn and moveable church
rurnishings. wheiher main¢¢nan¢e or improvemcnL is wriltcn off as expendiiure in the Statcmcnt ol. Financial
Activitics and separaiely disclosed.
Land and Buildings:
The Church is shown ai valualion made in June 1988 by A V Muliby fRICS. The Mansc ai Si John's Roud is
shown at valua(ion o1.£262.000 as valued on l Oih April 2014 by C Fl S(Ul¢ly FRICS and the manse al Larkhill is
shown at volualion of £225,000 as valued by lh¢ Trusi¢cs previously. The insurdnce COVLY for the Church is
£4,341.094 ivhich includes tixed conicnL8 and li)r ihe manses Ihe total indemniry is £2m lor cach property: thes¢
insurance valualions arc for rebuilding purposes and do noi necessarily reflect markei valu¢ on a disposal.
Fix1ur￿. Fillings and Office Equipmcni:
Equipmeni used ivithin Ihc church premisos is wrillcn olT in Ihe period in which lh¢ assei is acquired Lxcepl for
high value it¢m5 11,hich the Diacona￿ consid¢r il more appropria￿ (o wriic off Lhc cost of Ihc assei on a straighi
line basis over the expeclcd lifc of ihL aSSCt. The only asset to which this laii¢r policy has been appli¢d is the
pholocopier M'hich h&8 been iiTilten off over five yeDrs in equal insthlmcnts. Gills ofequipm¢nt ￿ Ihe church are
Irealed as donaiions ai valualion and an cqual expcnse.
Current asjet Snveslment5
Short-terni dep)sits includ¢ ¢&sh h¢ld on dwil with ihe bank and the Baptisi Union Corporniion.
Trade debtors
Tr8dc debtors include prcpayrnents and are amounis due to (he Chariiy or amounts paid in advance.
Pa8e 9

Beulah Baplist ChU￿b
Notes to the Financi21 Statements for the Year Ended 31 December 2024 (eontinued)
Cash and cash equfvalents
Cash and cash cquivalents comwbse cash on PAnd and call dwit& and oth¢r short-ierni highly liquid
invcs(ments lh￿ are readily coTrvertible ￿ a known gmowil of c&sh and are subjett to an itisignificanl risk L)f
change in value.
Trade eredltors
Trnde cr¢ditors arc amounts owed by the LIwiry kn suppliers.
Fund Jtrncture
Unrestricte¢J incomc funds arc 8en¢r41 r￿d$ thal are available for us¢ * the tsustres, discrelion in furtherance of
thL" objcctives ofihc chariry.
DesIgn￿ed lunds are unre￿riC1¢d lunds sd aside for specific purposes ai the discreiion ofthe tru￿¢¢5.
Rewi¢l¢d incorne lun(Ls urc ihosc don&cd tor usc in a parti¢ular 8r¢a or lor specific purpose4 the use ot'whi¢h
is wstricted to that area or purposc.
P¢nilon¥ #nd other pojl retlrement obll8atloDs
Thc charity opernla a d¢lined benetit pension s¢heme.Typically defined benelil plans deline an amount ot"
pension ben¢fil (hal an ￿pLOy￿ will receive on rel1r￿ertL usually dependeni on one or more factor5 su¢h &s
ogc. years ofservice llnd comwion.
The liabiliiy reco8niscd in the Balance Shed in rcspect of defin¢d pension plans is the presen¢ valu¢ of
the defined benefil obliBation at the rebY)rtin8 dale min￿5 lh¢ fair value of plan asscls. The dcfined benefil
obli8alion is meayured using the projec￿d unli credi( mcthod. The pr¢5cni value of the d¢fincd bcncfil
obligaiion is d￿¢MIlned by discountin8 the esiimaied luturc pRymcnts by reference lo markd yields ai the
reporting dale on hi8h44uality ¢orEx)r&e bonds that arc denominated in the currency in which the bcnefils will be
paid, and ihat have t¢nns lo maturity apwoximalin8 ￿ the l¢rms of th¢ related pcnsion liobility.
A￿UariaL 84in5 and Ios5¢s ar¢ char8ed or ￿ed11¢d ￿ rfher cornprthensivc i￿ome in the pcriod in which ihq
rise.
Pag¢ 10

Beulah Baplist Churc
Notes to the Financial St2temeDts for the Y￿r Ended 31 December 2024 (continued)
2 Income from donations legades
Unrestritted funds
Desi8llAted
Geaenl
Restricted
fund5
Total
2024
Tofil
2023
Donations and Ic8acics:
Donations from individuals
Gifl aid rcclalmed
12.684
181.929
32.554
17.403
1.215
212.016
33.769
325.754
55,963
12.684
214.483
18.618
245.785
381,717
3 Inv¢stm¢Mt Ineome
UthrestTiCted
funds
DesÈgn*ted
Restrlcted
funds
Tol*l
1024
Total
2023
Interest receivable and Similar
incom¢:
Int¢rcst receivable on bank
deposits
12.814
12.411
25,225
4 Other Income
funds
GtNtr*l
Tot
2024
Total
2023
Fees and supplies
R¢n&l income
74
28.597
74
28.597
28,083
28.671
28.671
28,083
S Expendlture on charit*ble attfvltles
Unreslrkted funds
Desilnaied
G¢tstral
Restrlcted
fundi
Total
2024
Charitable activilics of Ihe Church
51.699
187.558
292 702
Unrestrlrfed funds
D¢si8n•¢ed
General
Re￿rIe(ed
funds
Total
2023
Chariiable aciivilies of the Chwch
24.214
164.614
61.413
250.241
Pagell

Beulah Bapltst Church
Notes to the FlnanciAI Statements for the Year Ended 31 December 2024 (eontlnued)
6 Anitysls of 8overnary¢¢ #nd sipport tosts
Govtrn*llce costs
UAres¢rS¢ted
nds
Total
2024
Totsl
2023
Gener•1
Indcpendcni Exgmin¢r's remuneration
1,920
1.920
1.920
.920
4,140
7 Net Incomlngloutgolng reso•r¢es
in¢oming roour¢es for the year inrlude:
2024
2023
Indip¢ndent Examinerfs rwnuneration
1,920
8 Tru$¢tts remunerailon A#d expen
During the year ihe chariry madc th¢ followin8 Iransa￿lOns with trustees:
Rev D iAKkwood
R¢v D LA)ckwood received remunerntion of £44.556 (2023: £41.269) durin8 the yelw.
S¢ip¢nds paid lo ihe Trustee for his role as Senior Ministtt at B¢ulth Baptist Church.
The Church pays pcnsion contribulions Baptisi Pcnsion SdKm¢ whi¢h is a defined contribuiion scheme.
Thc lothl paid in ih¢ year to this scheme was £5217 (2023: £4.839).
Th¢ minisitt livcs in housin8 wholty or partly owmed by the chwch.
Tru51ecs werc rciml)ursed various sums throug1￿ the year for ￿penS¢S bnwrred M.holly and exclusively for
lh¢ ¢hariiabl¢ activities of the ChU￿h.
No irusiees hav¢ r¢¢¢ived any oth¢r b¢ncfits from th¢ ¢harity durin8 the vw.
Pa8¢ 12

Beulah Bapli5t Church
Notes to the Finanelal Statements for the Year Ended 31 De¢ember 2024 (eontinued)
9 Stsff tosts
The a88re8aic payroll costs were as follows:
2024
2023
Staff costs durlnz the year were:
Wages and salaries
Social securiry cos
Pension costs
Oiher staff costs
116.888
6.218
104.341
4.415
7.863
1.560
1.839
133.754
118,179
The monthly avera8e number of persons lin¢ludin8 senior managemcni I l¢ad¢r5hip tcaTh) cmploya by th¢
Iwity durin8 the year cxpresscd ￿ full ¢irn¢ quivalcnts was as follows:
2024
2023
Average Number of Employees
No cmployce rcceivcd anoluments of morc thai £60.000 during th¢ year.
10 Taxatlon
Th¢ ¢hari¢y is a re8i$tered chariry and is therefore exunpl (rom CorpoTalion Tax.
I l Tanglble fixed assdi
oirice
equipment
bulldits81
Tfytsl
Cost
Ai l January 2024
615,272
1.440
616,712
Ai 31 Dec¢mber 2024
615.272
1.440
616,712
Depre¢latloD
At l January 2024
1.440
1,440
At 31 Dccember 2024
1.440
1,440
Net book v¥lye
At 31 D¢ccrnber 2024
615272
615,272
At 31 December 2023
615.272
615,272
Pag¢ 13

Beulah Bapttst Cbureh
NotL8 to the FiDaDcial Statements for the Year Ended 31 December 2024 (eontinued)
12 Debtor4
2024
2023
Prepayments
4.179
6,592
13 Cash and cash equfval¢ots
2024
2023
Cash ￿ b8nk
702 956
695,562
14 Crediton: amounts f*lllng due withln 00¢ ye*r
2024
2023
Oihcr ￿NatIOn and so¢ial security
Accruals
696
6.055
696
6.133
6.751
6.829
Page 14

Beulah Bapttst Cburch
Notes to the FlnAnclal Statements for the Year Ended 31 December 2024 (contlnued)
15 Pension and other schemes
Defined ¢onlribution pension scheme
The charity operdtes a defined coniribution pension 5chem¢. The pcnsion CO￿ charge for the year r¢pres¢ntS
coniributions payable by Lhe chllrily io the scheme and nmounlcd to £8,809 (2023 - £7,863).
Deflned beneflt penslon $¢ben
DB (Defined Benefit) PIAn
Thc Church is a participaiing employer the Baptist Pension Schemc I'th¢ SchLmc'l. which is a .sLpar&e l¢gal
entity adminislcred by the Pcnsion Trustee IB&ptisl Penslon Trust Limitcd). The assets of Ihe Sch¢mc arc held
separalcly from (hose ofthe Employcr and ilie other participaiing employcrs.
The Sch¢me* wev10￿[Y known os the Bapiisi Ministcr5' Pension Fund, Slartcd in 1925. but was closed lo tuture
accrual of defined benefits on 31 December 2011. Prior lo ihi$ date Ihe main bcncfil provided through ili¢
Defined Bcncfil (DBI Plan was a pension of onc eightieth or rinal minimum pensionablc income for each y¢ar
ol. pensionable service 108Cther with addiiional pcnsion in respect ot. prcmiums paid on Pensionable Incomc in
cxcess of Minimum Pensionable Income.
From January 2012. pension provision is being made Ihmugh thc Dcfincd Contribuiion (DC) Plan within the
Sch¢mc. In gcncral, m¢mbers pay 8% of their Pcnsionablc Income and employers poy 6Vo ol. members,
Pcnsionablc Income into individual pension arwunts. which are operated and managcd on behaifof tli¢ Pension
TTUSlee by Broadstonc Corpornte Ikncfiis Lid. In addition, Ihc employcr pays M further 4% of Pcnsionoble
In¢om¢ ￿ cover Death in ServicL' Benelits, administrnion costs, and an associatcd insurance policy which
provides incoine pro¢¢¢tion for Scheme members if Ihey are unable 10 work due ￿ lon8-l¢mi in¢apacity. This
income protection policy ha5 bccn insured by the Baplis( Union of Greal Britain with Aviva Limii¢d. IM¢mbL'rs
of lh¢ Basic Section pay reduced conlribulions of 5Yo of Pensionable Incomc. and their ¢mploy¢rs also pay a
total of 5%.]
From Broad51on¢ Corporate Bcncfits Ltd..
In summllry. we are d¢li8hied lo report Ilwi we eslimate the Scheme's Defined B¢nelil Plun hus o Surplus. As a
rcsuli. your £1 per monih contributions io the Dcfined B¢nefit Plan will ceasc aflcr the October 2024
coniribuiion and your organisalion no longer has any furthcr responsibilty towards the Defined Ben¢fit Plan. We
are very pleased that this has bcL"n possible io achicve much carlier. and al a much lower cosi. tlian we had
anii¢ipaled.
Multl-employer plans
This is a defined benefit plan.
Thc Scheme is considered io be a multi-¢mploycr xheme as described in Seclion 28 of FRS 102. BKause il is
nol possible to atlribulc Ihc Scheme's Lsseis and lillbilities to specific employeN thc schem¢ is I￿¢Ounted for &%
if the S¢hcm¢ Therc a defined contribution schem
The Ministcr(s) and somc members of the church staff are eligible ￿ join the Scheme,
Pag¢15

Beulah Baptist Chllrcb
Notes to the Financial Statements for the Year Ended 31 December 2024 (contiDued)
16 Funds
Bal&nce at
31
December
2024
Balance at I
January
2024
Incoming
resources
Resources
exptndtd
Transfers
Unrestricted fumds
General
Gencral Fund
202.822
243.155
1189.478)
(51.312)
205.187
Designaled
Bank Intercst
Cliurch Mainienance
Leg￿leS and Gifts
Monse Mainlenance
Minislerfs Books
IT
12,813
(12,813)
15.181
11.372
99J?2
11.041
(26,553)
(1.000)
{12,846)
{210)
(1.570)
(512)
8.250
106.772
4.195
190
1,667
39
3.438
6.016
6.000
2.037
276
3.438
7.265
1.2(K)
Chrislmas Lunches
Photocopier
Outreach
275
4.159
(9.008
(51.699)
3.600
134.951
25,497
13.568
122.317
Total unrestricted funds
337.773
268.652
241.177)
137.744)
327.504
Restri¢ted funds
Church Prop-rtics
Fcllowship Fund
HMF
S&elli1¢5
Youih
Missionary
Beulah Developmenl
615.272
3,639
615.272
,977
624
(1,926)
(12.000)
(7,211)
(3,398)
(15.272)
(13,638)
(360)
11.996
2,495
1.980
12.131
9.502
6.573
1.825
3.141
18.866
1.857
3,347
2.940
350.969
365.699
Total restrieted funds
972,824
31.029
53.4451
37.744
988.152
Totsl funds
.310.597
299.681
(294.622
1,315,656
Page 16

Beulah Baptist Chure
Notes to the Financial Statements for the Year Ended 31 December 2024 (tontinued)
Balaute at
31
B41gnce at
JAllu4ry
Intoming
r¢sour¢es
Resources
txpended
December
2023
Transfers
2023
Unrestricted fund$
Genernl
Gcneral Fund
102.888
3(V).506
{168.754)
(40.818)
202.822
Designate41
Bank Iniere
Church Mainienance
Legacies and Gift5
Mans¢ Maintenancc
Minist¢rfs Book5
IT
Chrisunas Lun¢F&s
Ph0￿CopIer
0￿reath
9.051
1,694
67,756
(9.051)
12.01)0
(500)
7.020
110
1.200
9.614
32.466
5.349
111.936)
(200)
(1328)
(202)
(1.079)
IlJ72
99.522
11.041
1.916
1037
276
3.438
7,265
134.951
276
3.438
1.832
10,900
89.677
(9.469)
4.(K)2
54.707
(24.214)
14.781
Totsl unrestri¢ted funds
157.595
399.183
1192.968)
(26.037)
337.773
Restrirted
Church Properties
Barn¢U Bam Roof
Fellowship Fund
HMF
Satellites
Youth
Missionary
Beulth tkvelopment
615272
5,694
4240
615.272
10(M)
791
(7.694)
(1.399)
( i iooo)
(5.201)
(2.268)
(12.734)
(20.117)
3.639
iiooo
337
3.500
10.200
696
1.012
2.534
10.760
1940
360J26
350.969
Totsl restrlcted hnds
986228
21.972
161.413
26.037
972.824
Total funds
1.143.823
421.155
{254J81)
.310,597
Pa8e 17

Beulab Baptist Chunh
Notes to the FiD*neial Statements for the Year Ended 31 December 2024 (Continued)
17 Analysis of net assets b¢tw*th f•nds
Unrestrirted
funds
General
Unr&stricted
funds
Designated
Total fuDds at
31 December
2023
Restricted
fund5
Tangible fixed assets
Curreni assets
Curr¢nt liabilili
615.272
372.880
615.272
707.135
(6.751)
211.938
(6.751)
122.317
Total assets
205.187
122317
988.152
1.315,656
Total funds at
31 Dttember
2023
Utsrestrirttd funds
Gentral
Designgted
Restrirted
funds
Tangible lixed ￿ets
Current a55ets
CuTrent liabililies
615.272
357.552
615.272
702.154
6.829)
209.651
6,829)
134.951
Tothl o¢1 assets
202.822
134.951
972.824
I JIO,597
Page 18