Norwich Central Baptist Church
Trustee's Report and Financial Statements
For the Year Ended 31st March 2024
Tell: 01603 760497
Email.. office@norwichcentral.org
Website.. www.norwichcentral.or
Norwich Central Baptist Church is registered with the Charity Commission
Registration number 1126847

Nonmich Central Baptist Church
Trustee's Report and Financial Statements
Year Ended 31$t March 2024
Content$
Page
Charity Information
Trustee's Annual Report
2to6
Independent Auditorfs Report to the Tru5tee5
7t08
Statement of Financial Activities
Balance Sheet
io
Notes to the Financial Ststements
Ilto16

Norwich Central Baptist Church
Charity Information
Year Ended 31" March 2024
Trustees
Tom Madders (Minister)
Paulo Mussi IMinister- PortUEue5e speaking church)
Elizabeth Kilpatrick Ichu rch Secretary)
Steve Genders (Treasurer)
Tristan Baldry (resigned Nov 20231
Evette Sharpe (resigned Nov 20231
Rob Evans
Jenny Hunt
Martyn Davey
Suzanne loy Broom lappointed Nov 20231
Ed Knight (appointed May 20241
Dave Newell lappolnted May 20241
Property Trustees
The 8aptist L)nion Corporation Limited
Baptist House
129 Broadway
Didcot
Oxfordshire
OXII 8RT
Bankers
Barclays Bank
St Stephens Branch. Norwich
CAF Bank luntil February 20241
25 Kings Hill Avenue
West Malling
Kerbt
ME19 4JQ
Charity Registered Number
1126847
Principal Office
Norwich Central Baptist Church
Duke Street
Norwich
Norfolk
NR3 3AP
Independent Audltor
Annatrlce Limited, Statutory Auditor
10, The Thoroughfare
Harleston
Norfolk
IP20 9AX

NonpAch Central Baptist Chur¢h
Trustee's Annual Report
Year Ended 31° March 2024
The Twstees presents its annual report together with the financial statements of Norwich Central Baptlst Church Ithe charltyl
for the year ended 31st March 2024. The financial statements comply with the Charities Act 2011 and the Statement of
Recommended Practi¢e-. "Accounting and Reporting by Charlties" IFRS 1021. The report takes account of the requlrement for
Trustees to report annually on public benefit and the Trustees have had regard to the Charity Commisslon's guidance on
publlc benefit.
Struclure, governance and management
Trustees
The trustees who Served through the financial year are listed on page I Icharity Information)
Constitution
The Trustees are responsible for keeping accountlng records which dixlose with reasonable accuracy the financial p051tion
of the charity and whlch enable it to ensLtre that the financial statements comply with Charltles Act 2011. They are also
fesponslble for safeguarding the assets of the charity and hence for taklng reasonable steps forthe prevention and detettlon
of fraud and other irregularities.
The Governing Document is the'constitutlon for Norwich Central Baptlst Church. October 2008".
Method of A
nt or Elettlon of Tr
The Charrty Trustees, whlch include the Minlster, Church Secretary and Treasurer, who are collectively known as the
Leadership, are appointed at Members Meetings. They are responslble for the day to day management arbd oversEht of the
Church's operations, togetherwlth the financial and legal aspects of the Charity. With the exception of the Minister, Trustees
can be elected for an Inltlal period of up to four years, after which they are eligible for re*lectlon for one further term of four
years. They are then required to step down for at least one year, before belng ellgible for reappointment.
Church Membership is open to those who:
accept the Beliefs of the Church;
meet the Churth's qualification on Baptlsm-
tommlt themselves to serving Christ within the Church and beyond,.
• ablde by the decisions of the Church Members, Meeting;
acknowledge their responsibilities as Church Members-
have their membership appllcation accepted by the Church Members, Meeting
nisational Structure a
ision Makl
Ordinary Members Meetings normally take place flve times per year and they have the responsiblllty for the overall policy of
the church. These are an opportunity to consider and review matters assoclated wlth the life of the Church, including issues
related to churth membership, the appolntment of the CharFty Trustees, the approval of the budget and with opportunlties
for Considerlng proposals from the Charity Trustees or other Church Members for the development of the Church and the
advancement of Its Purpose through Its Activities. Though the Constitution permits decisions to be made at Church meetings
by appropriate majorlties, the Church seeks to work by consensus wherever possible.
Related Pa
Rela
nshi
Related party relationships are lim¢ted to those between the Charity and The Baptlst Unlon.
Risk Mana ement
The Trustees has considered the rlsks the Charity faces and has concluded that there are no major rlsks atthis time. A review
of risks is made on a regular bas1$.

Norwich Central Baptist Church
Trustee's Annual Report (continued)
Year Ended 31" March 2024
Objectlves and Actlvlties
Pollcles and Ob. ctives
The principal purpose of the Church is the advancement of the Christian falth according to the prSnclples of the Baptist
denomination.The Church may also advance educatton and carry out other charitable purposes in the United Kingdom and/or
other parts of the world.
Our Vlslon is To Knowjesus and to Make Jesus Known and the following Culture Statements are some of the things that are
important to us.
8elng Blble based ond Prayerfocussed - We love dynamic Bible teaching that is relevant for everyday life. Prayer chan8es
the wodd - praise, confession and intercession needs to be at the heart of all that we do.
8eiTng Spirit-led wor5hippets- We are blessed that as Christians we don't have to live in our own strength. We have the gift
of the Holy Spirit to equip us and guide us as we seekto faithtully follow Christ. We encourage people to explore the rich and
varled glfts of the Spirit, includlng prophecyi healln& speaklng in tongues. In corporate worship we see ourselves as a family
church with a mix of people in terms of age, race and background. we seek to embrace the best of both tradltlonal and
contsmporary styles.
Sharlng I￿e-There are many amazing people who come to the church who have experienced God in lots of different ways.
Getting to know others, developing friendshlps, dlscoverlng a place where we are accepted and it is safe to be ourselves. is
important. We have to make time for this so we encourage people to spend time with others outside of Sunday services.
Servlnq- We are privileged that God has given each of us gifts and therefore we have somethlng to offer back to God. We
aim to help people discover how they can best serve God and each other.
Sharlngfvlth- We believe the best of Ilfe comes through knowing Jesus, so we wlll share our faith in words and attion. We
don't exist just for those who already come to church but want to give others the opportunity to experience His love. Each
person is special to God and we should make each person fee5 special and that they can belong to our church family.
Community committed- We are located in a partlcular communlty. We will seek to bring a positive impact to those that live
and work around us through our vibrancy and Eove for our neighbours.
8eing Kingdom inspired - We experience a 'holy disconteny that leads us to work towards Kingdom values. This includes
supporting Christian missionaries
Publlc Benefit
The church has read the Charity Commission guidance on public benefit and is satisfied that the activities outlined in this
document clearly demonstrate that the charity is providing a benefit to the public.
Activsties
In order to achieve the principal objective, whlch Is set out above, the Church provides a variety of artlvities both for it5
membership and for the community generally. Our alm Is to show the love of Jesus Chrlst In both word and deed.
Central to the work and witness of the Church is the provision of regular public services of Christian worship. Post covid
restrictions, we continue to stream the Sunday English Speaking servi￿ and our Portuguese Speaking Service via You Tube.
January we held a special service to celebrate the 5 year anniversary of the Portuguese Speaking Church.
We employ a Children's and Community worker who work5 With local schools and arranges the children'5 Quest groups that
meet during the Sunday morning Services.
We employ a Youth worker whose primary focus, currentlyi is teathing and caring for the youth that attend church seNices.
Open the Book assemblies at local schools ran most weeks for the whole year.
Café Tots on Wednesday mornir¢gs which is very well attended.
In Ortober there was a 'Light' Party for the primary school aged children in local community.

Nonwich Central Baptlst Church
Trustee's Annual Report {continued)
Year Ended 31" March 2024
We hold Messy Church every couple of months on a Saturday, attractlng people from church and local communitles
The Church firmly believes in the power of prayer and it Is fundamental to our faith and church Ilfe. Prayer is part of many of
our artivities and we have a monthly Prayer Evening called 'Encounter.' Members and the community can request prayer in
many ways- we have a text number, email address. phone number and a prayer box within the church where requests can
be made. In February we held a Special Prayer Evening forthe situation in Ukraine.
The Church runs a number of small contart groups which meet regularty and operate as disciple-rnaking, pastorally caring
small groups. Additional support is also available and provided by the Church's Pastoral ca￿ Team
NCBC acts as Foodbank Distribution Centre and our Café Tots and Stsy and Play Groups for pre-school children welcome
visitors once again.
In May, July, August, October and February we delivered food par￿lS to local families who struggle to provide food for their
children in the 5chi)ol holidays. This initiative was 5UPPOrted by the Norwich Foodbank.
Our properties are also used by a number of local Community organlsatlons who work with vulnerable people and we alm to
demonstrate Christ's love for each person in all our dealings with thern. These include
Alcoholic Anonymous
Narcotics Anonymous
Overeaters Anonymous
The drug and altohol rehabilitation centre, Hebron Trust who use Chapel House as a home for women who have
been through the 12 step recovery programme, as a 'move-on' home to help women Integrate back into life, whilst
they provide life skllls help and support. (the formal relationship ended In June 2023 as we repurpose the house as
a manse for our Minister Paulo I
Clarlon Housing- 2 days a week for ad hoc meetlngs plus monthly trainlng courses coverlng food hygiene, first aid
& Engllsh Skills.
4Cs (Centre for Christian Care and Counsellingl Thls is a charity Staffed by both male and female qualified
counsellors who work on a voluntary basis and offer compassionate. client-centred counselling to Individuals. They
see over 60 individuals each week and are based at our Duke Street premises.
In November we became a Winter Shelter for the Homeless on Thursday. Friday and Saturday each week when
required until March- in conjunction wit Norwich City Council
We also ￿nt our rooms and car park spaces to other local business
Other activities during the year included=
Use of our buildings as Polling Stations
Use of buildings to host a NO￿lCh & Norfolk music festival
Quiz Nights
Weddings l Funera15 & thanksgivings / Infant dedlcations
support for the Samaritan's Purse 'Operation Chrlstmas Child. Appeal
Regular Ladies events occurred
The Church operates systems to ensure that all people worklng with children and vulnerable adults are appropriately vetted
wlth regard to the Disclosure and Barring Service.
The church Is GDPR compliant In accordance with the Data Protertion Act 2018.
Achlevements and performance
Revlew of Activities
The Church measure5 its achievements against our principal purpose, our vision and our culture statements. These include
areas such as carin& growing in and sharing faith, relationships, encouragement and being a positive and valued part of the

Norwich Central Baptist Church
Trustee's Annual Report (continued)
Year Ended 31" March 2024
local community. We recognise that these can be difficult to measure in the best of tlmes but markedly more so during the
changing situation we faced with the covid pandemic that presented many new challenges and opportunities that the Church
tsckléd during a two year period without a Minister. The activities we mention above describe some of the ways we dealt
with these during this financial year.
Financial revi w
Total income for the year was £265,19812023- £357,828). The net incoming resources, after all operational expenses, was
£31912023- £71.0991.
The Church continues to raise the funds which it needs to carry on its activities from within its own membership and
congregation and from renting rooms to community groups.
The Church was able to continue to exp￿$5 its part in the life of the wider church by making grdnts to local. national and
international Christian organisations and societies with Christian aims and objectives compatible with the church's own
charitable vision.
The Church is heavily dependent on ts membership and regukr attenders working as volunteers in all asperts of the church's
activities. many of which run with little or no impatt on the church's expenditure. but nevertheless contribute substsntialty
to the achievement of the church's objectives.
The financial resultsforthe year, togetherwith a summary of the accounting policies adopted are Set out in the accompanylng
financial statements.
Soaring energy costs continue to significantty affert ourfinan￿S- making up a significant percentage of ourc05ts ladditionalEy
the signrficant increase in the energy cap for the average household dlminishes some the donations the church would
normally receive as people have to manage their individual budgets.) We changed energy suppller in November 2023 to
improve this situation.
Reserves Pollcy
The Trustees consldered what reasonable unrestricted reserves we should lookto retain to ensure we can cope with financial
challenges that might arise. Havlng looked at the risks to our income streams and the short and long term expenditure
commitments we have, and after allowing for possible unplanned expenditure that may be needed, it was agreed we would
look to keep free reserves lunrestrlcted funds excluding fixed assets) 01 £66.000. This figure will be reviewed when we set
the next annual budget
The balance on free reseryes will be available for future charltable expenditure. As at 31st March 2024, free reseNes had a
surplus of £137.19312023: £133,841>.
Total funds as at 31" March 2024 amount to £5,323.61912023= £5.301,7961.
Plans for the future
The Capital Team reported back its findings on p055ible Capital Expenditure that is needed in the future. It contained two
main items to consider.:
The repairand renovation of the main roof and additional flat rooves overthe hall and meeting rooms. will probably
cost at least £9(JI,CMIO - £I.100.000. The team are in the process of considering options having completed
professional surveys. Surveyor and project manager have been appointed and the processes for seeking planning
commission and fvnd raising has started. Cost associated will the roof repairs has begun to be incurred, primary
professional fees and some urgent safety repairs.
The Churth has decided to return the Mousehold Hub premises the Baptist Union of Great Britain-thls Includes the
manse attached to the Hub, and so a new Manse Ichapel House) will be provided for Minister Paulo. The Baptist
Union of Great Britain will seek to sell the property in due course and it is possible that NCBC may receive some
benefit from the Sale Ithe sale completed In Dec 20241.
Trustees, Responsibility Statement
The Trustees are responslble for preparing the Tru5tees' report and the h'nancial statements in accordance with applicable
law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Pratticel.

Norwich Central Baptist Church
Trustee's Annual Report (continued)
Year Ended 31" March 2024
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial
year that give a true and fair view of the state of affairs of the charity and of the incowning resources and application of
resources of the charity for that period. In preparing these financi31 statements. the Trustees are required to=
select suitable accounting policie5 and then apply them consistently,.
observe the methods and principles in the Charities SORP-
make judgments and accounting estimates that are reasonable and prudent-
preparethe financial statements on the going concern basis unless It Is Inapproprlate to presume that the charitable
company will continue in operatlon.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charivs
transartions and disclose with reasonable accuracy at any time the financial position of the charity and enable the Trustees
to ensure that the flnancial statements comply with the Charities Act 2011, the Charity (Accounts and Reportsl Regulations
2008 and the provisions of the Trust Deed. The Tnjstees are also responsible for safeguarding the assets of the charity and
hente for taklng reasonable steps for the prevention and detection of fraud and other irregularities
ststement as to disclosure to our auditors
In so far as the Trustees are aware at the time of approving our Trustees, annual report=
there is no relevant information. being information needed bythe auditor in connertion with preparingtheir report,
of which the group's auditor is unaware, and
the Trustee5, having made enquiries of management that they ought to have individually taken, have each taken
all steps that he/5he is obliged to tske as a trustee in order to make themselves aware of any relevant audit
infomiatlon and to establish that the auditor is aware of that information.
-)ANJ-Z
This report was approved bythe Trustees on ..................
- and signed on its behalf by-
Print Narne ..-.
. Trustee

Independent Auditors Report
to the Trustees of Norwich Central Baptist Church
Year Ended 31" March 2024
Oplnlon
We have audited the financial statements of Norwich Central Baptist Church (the 'charitVI for the year ended 311t March
2024. which comprises the Statement of Financial Activities, the Balancè Sheèt and noteg to the financial statements,
including a summary of significant accounting policies. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice) including FRS 102 'Yhe Financial Reporting Standard applicable in the UK and Republic of I￿land, Iunited Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements=
give a true and fair view of the state of the CharitWs affairs as at 31st March 2024 and of its irkcoming iesources and
application of resources for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Prartice; and
have been properly prepared in accordance with the requi￿ments of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI (1s￿ IUKII and applicable law. Our
responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial
ststements sertion of our report. We are independent of the charity in accordance with the ethical requirements that are
relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our
other ethical responsibilities in accordance with these requlrements. We believe that the audit evidence we have obtsined is
sufficient and appropriate to provide a basis for our opinion.
Concluslons relating to going concern
In auditing the financial statements, we have concluded that the governors use of the going concern basis of accounting in
the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions
that, individually or collectively, may cast significant doubt on the foundation's ability to continue as a going concern for a
period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilltles of the governors with respect to going concern are described in
the relevant sections of this report.
Other matter
The corresponding figures were not audited.
Other infomiation
The trustees are responsible for the other information. The other information comprises the information in the Trustees,
Report, but does not include the financial statements and our Report of the Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwtse explicitly
stated in our report, we do not express any form of assuran￿ conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so,
consider whether the other information is materially incon51Stent wtth the financial statements or our knowledge obtained
in the audit or otherwise appears to be materially misstated. If. based on the work we have performed, we conclude that
there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Oplnlon on other matters prescrlbed by the Charities Act 2011
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, Report for the f inancial yearfor which the financial statements are prepared
is consistent with the financial statements,. and
the Trustees, Report has been prepared in accordance with applicable legal requirements.

Independent Auditors Report
to the Trustees of Norwich Central Baptist Church (continued)
Year Ended 31" March 2024
Matters on which we are required to report by exception
In the light of the knowledge and understsndlng of the charity and its environment obtalned In the course of the audit. we
have not identified material mlsstatements in the Trustees, Report.
We have nothlng to report in respect of the following Matte￿ where the Charities Act 2011 requires us to report to you if, In
our opinion:
adequate accounting records have not been kept. or retums adequate for our audit have not been received from
branches not visited by us; or
the financial statements are not in ag￿ement with the accounting records and returns- or
certain disclosures of trustees. remuneration specified by law are not made,. or
we have not receNed all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the Trustees, Responsibilities Statement set out on page two. the trustees are responsible for the
preparation of financial statements which give a true and fair view. and for such internal control as the trustees determine
necessary to enable the preparation of financial statements that are free from material misstatemenL whether due to fraud
or error.
In preparlng the financial statements, the trustees are responsible for asse55ing the charity's ability to continue as a going
concern, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless
the trustees elther Intend to liquidate the charity or to cease operations, or have no realistic alternative but to do 50.
Audltors. responsibilities for the audlt of the financial st*ements
Our objectlves are to obtain reasonable assurance about whether the financlal statements as a whole are free from material
misststement, whether due to fraud or error, and to issue 3 Report of the Auditors that includes our opinion. Reasonable
assurance is a high level of assurance, but is not a guarantee that an audit condurted in accordance with ISA5 IUKI will always
detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered materlal If.
indNidvally or in the aggregate, they could reasonably be eypected to influence the economic decisions of users taken on the
basis of these financial statements.
Irregulartties, including fraud, are Instances of non-compllance with laws and regulations. We design procedures in line with
our responsibilities, outllned above, to detect material misstatements in respect of irregularitles, including fraud. The extent
to which my procedures are capable of detecting irregularities, includlng fraud is detailed below:
Our audit procedures included analytical technlques, third party confirmation of balances and verlflcation of transactions on
a sample basis to provide sufficient appropriate evidence that the atcounts show a true and fair view and are free from
matÈri31 irregularities including fraud. error and noniompliance with applicable laws and regulations. In designlng these
procedure5 and in particular we considered the risk of fraud over completeness of income, occurrente and presentation of
expenditure, valuation and existence of assets and completeness of liabilities.
A further description of our responsibiltties for the audit of the financial ststements is located on the Financial Reporting
Council's website at www.frc.org.uklauditor5responsibilities. This description forms part of our Report of the Auditors.
Use of our report
This report is made solely to the charitrfs trustees, as a body, in accordance with regulations made under section 154 of the
Charities Act 2011. Our audit work has been undertaken so that we might stste to the charity's trustees those matters we
are required to state to them in an audrtor's report and for no other purpose. To the fullest extent permitted by law. we do
not accept or assume responsibility to anyone other than the charity and the charity'5 trustee5 as a body, for our audit work,
for thi5 report. or for the opinions we have ft)rmed.
Mr Anthony James Brice FCCA Isenior statutory Audltorl
for and on behalf of Annatrice Limlted, Statutory Auditor
10, The Thoroughfare
Harleston
Norfolk
IP20 9AX
Annatrice Limited is eligible to act as an auditor in terms of sectlon 1212 of the Companles Act 2006.

Norwich Central Baptist Church
Statement of Financial Activities
Year Ended 31° March 2024
Unrestrirted
Funds
Restricted
Funds
Total
Fund$ 2024
Total
Funds 2023
Note
Incomln Resources
From Benerated funds
Voluntary income
Investment income
186,533
8,157
62,130
186,533
8.157
62.130
270.748
7.579
70,272
Charitable actlVLties
Other incoming resources
Total incoming
Resource5
265 198
357 828
Resources Ex nded
Charitable arti¥itie5
Direct charitable
expenditure
Costs of generatlng funds
Governance costs
Total resour￿$
258,933
258,933
280,095
expended
264 879
28
72
Net loutgoingllincoming
Resource5
319
13,081
319
Unrealised gain5111055es) on investments
Transfers between funds
8,423
21,504
90,495
Net movement in Funds
,400
8,423
21,823
161,594
Recondllatlon of Funds
Balantes brought fornard
417 911
4 883 885
5 301796
5 140 202
Balances carroed fonvard
4 892 308
S 323 619
5 301 796
The tharity has no recognised gains or105ses Qther than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
The note5 on pages 11 to 16 form part of these financial statements.

Norwlch Central Baptist Church
Balance Sheet
Year Ended 31" March 2024
2024
2023
Note
Flxed assets
Tangible assets
Investment property
Investments
io
4,302,977
625,000
4,306,007
625,000
235 732
5,166, 739
io
li
5,185.213
Current a55ets
Debtors
12
11,078
6,507
Cash at bank and in hand
148,582
145,496
Credltors:
Amounts falling due
within one year
ia
Net current assets
135 057
Totsl assets les5
Current Ilabilitles
5,323,619
5,301, 796
Long tenn liabilities
Total net assets
5 323 619
Represented by:
Unrestricted funds
14
431,311
4 892 308
417,911
4 883 885
Restricted
5 323 619
5 301 796
These financial statements were approved by the Trustees on ..] o.. -J .9.￿..-..kn...￿fBnd are signed on its behalf by:
Print Name
SF
. Tnjstee
The notes on pages 11 to 16 form part of these financial statements.
io

Norwich Central Baptist Church
Notes to the Financlal Statements
Year Ended 31" March 2024
Accountlng pollcles
The principal accounting policies are summarised below. The accounting policies have been applied consistently
throughout the year and in the preceding year.
Basis of accounting
Norwich Central Baptist Church is an unincorporated charity registered with the charities commission in England and
Wales and governed in accordance with a Trust Deed. The address of the registered office is given in the charity
information page of these financial statements. The nature of the CharIt￿S operations and principal activities are
described in the Trustees, Report.
The charity constitutes a public benefit entity as defined by FRS 102.The financial statements have been prepared in
accordance with Statement of Recommended Practice.. Accounting and Reporting by chaiities preparing their
ccounts in accordance wtth the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS
1021 and the Charities Act 2011 and UK Generally Accepted Practice.
The financial statements are prepared on a Eoing concern basis underthe historical cost convention. Assets are stated
at cost less impairments which are charged to the ststement of financial activities. The financial statements are
prepared in Sterling which 15 the functional currency of the charity
The significant accounting policies applied in the preparation of these financial statements are set out below. These
policies have been consistently applied to all years presented unless otherwise stated.
The charity adopted SORP IFRS 1021 in the currentyearand transition to SORP IFRS 1021 has not affected the reported
Pinancial position or performan
b)
Fund accounting
Unrestricted funds are available for use at the distretion of the Trustees in furtherance of the general objects of the
charity.
DesiEn3ted funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrirtions on their expenditure imposed by the donor or through the terms of an
appeal.
Surpluses on restricted funds are made available to other funds in the furtherance of the objectives of the charity as
a whole.
Incoming resources
All incoming resources are included in the statement of financial actfvities when the charity is entitled to the income
and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular
categories of income.
Voluntary income is received by way of donations and gifts and is included in full in the SOFA when receivable. Grants
and donations are recogni5ed when receivable.
Investment income along with any recoverable income tax is recorded when receivable.
Gift aid reclaimable on donations to the charity is included with the amount received.
d)
Re50ur¢es expended
Expenditure is recognised in the accounts oll an accruals basis and includes any irrecoverable VAT.
Choritoble expenditure comprises those costs incurred by the charity in the delivery of its activities and services for
wts beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect
nature necessary to support them.
Governonce costs include those costs associated wlth meeting the constitutional and statutory requirements of the
charity.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the
resource. Costs relating to a particular activity are allocated directly* Others are apportioned on an appropriate basis.
Fixed assets
Tangible fixed assets are stated at historic cost less accumulated depreciation. Depreclation is calculated so as to
write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset.
li

Norwich Central Baptist Church
Notes to the Flnanclal Statements (continued)
Year Ended 31" March 2024
Investment property is stated at fair value.
The freehold property is not depreciated on the basis that the resldual value Is not believed to be significantly less
than the historic cost and hence the depreciation would be immaterial. These assets are reviewed by the trustees for
impairment every year. The freehold property is stated at deemed hlstoric cost whlch is taken as the insured value
that was used before the transltion to FRS 102.
Financlal Instruments
All the charity's flnancial instruments are ba51c flnancial instruments measure at amortised hlstorlc cost except for
funds Invested in COIF units which are measured at market value throu8h the ststement of financial artivitie5.
Taxatlon
Norwich Central Baptist Church is a registered charlty and is therefore exempt from direct tsxation. Value added tsx
not reclaimable by the charity is included under the various relevant expenditure headlngs.
Voluntary Income
Restrlcted
Fund5 2024
Unrestricted
Funds 2024
Total
Funds 2023
Weekly offerings
Donations & other income
Gif aid recovered
Bequests & Legacles
Raised for other causes
Totsl
142,174
8,417
33,620
2,000
322
118,294
103,063
49.391
The charity only has one activity being that of a Baptist Church. All the income relates to this single actNIty.
Investment Income
Unrestrlcted
Funds 2024
Totol
Funds 2023
Bank Interest
Income from fixed asset investments
1,341
274
Charltable Art•vities
Unrestrirted
Funds 2024
Total
Funds 2023
Rents and contributlons for use of premlses
Staff costs recharged
Totsl
54,623
66,262
272
The charity only has one activity being that of a Baptist Church. All the expenditure relates to this single activity.
12

Norwich Central Baptist Church
Notes to the Flnancial Statements (continued)
Year Ended 31" March 2024
Other Incomlng Resources
Restrlrted
Funds 2024
Unrestrirted
Funds 2024
Total
Funds 2023
HMRC CJRS
Utilrcies refund & miscellaneous
Insurance claims
Other
Total
5,687
4.816
Analysis of Charitable Expenditure
Dirert tharitable servi￿$
Restrlrted
Funds 2024
Unrestrlrted
Funds 2024
Total
Fund$ 2023
Employee Expenses
Mission
Youth & Children
Evangelism & Ministry
Upkeep of church premises
Administration
Totsl
115,527
18,999
4,243
10,330
88,041
107.838
25,469
6,286
5,686
114. 778
03
The average number of staff employed by the charity during the financial year was 812023: 81. No employee
received remuneration amounting to more than £60,000 in either year.
Governan￿ Costs
Unrestricted
Funds 2024
Total
Funds 2023
Professlonal fees
Totsl
The resources expended bythe charity include:
Unrestricted
Funds 2024
Total
Funds 2023
Independent examine¢s fee
Independent audltofs fee
Depreciation of tangible fixed assets
5,198
4,755
4,500
4,324
During this and the preceding year none of the directors or trustees received 8 ny remuneration, benePrcs in kind or
reimbursement of expenses incurred on behalf of Norwich Central Baptist Church.
13

Norwich Central Baptist Church
Notes to the Financial Statements {continued)
Year Ended 31" March 2024
io.
Tangible r￿ed assets
Equipment
Freehold
property
Total
Cost
At l April 2023
Additions
Reclassification
At 31 March 2024
17,295
1,725
4,299,780
4,317,075
1,725
4 299 780
4 318 800
Depreciation
At l April 2023
Charge for the year
At 31 March 2024
11.068
11,068
823
Net book value
At 31 March 2024
At 31 Morch 2023
227
4 299 780
Investment Propeity
Investment
property
Cosvvaluation
At l April 2023
Retlassificatlon
Revaluatlon
At 31 March 2024
625,OCKI
625
Investment property was revalued by a RICS qualified surveyor in January 2022 and updated by trustees in October
2024.
The legal title to the freehold property and investment property is held by The Baptist Union Corporatlon Limlted
under a Falrbalrn Trust for the benefit of the charity. The freehold property is stated at deemed hlstoric cost being
the insured value used in prevlous financial years.
ii.
Fixed Asset In¥e5tments
COIF
COIF
The Baptist Insurance
Company Pl¢
Total
Costlvaluation
At l March 2023
RevaluatSon
Disposals
At 31 March 2024
234,117
21,504
1,615
235,732
21,504
12.
Debtors: Amounts falling due within one year
2024
2023
Trade debtors
Prepayment5
Other debtors
Total
3.507
183
1,061
183
14

Norwlch Central Baptist Church
Notes to the Financial Statements (continued>
st
Year Ended 31 March 2024
Credltors: Arnountsfalling due wlthln one year
2024
2023
Trade creditors
Social security and other taxes
Other creditors
Total
3,256
1,723
5,489
17
Statement and Summary of Funds
Balance at
l Apyll 2023
Incoming
Outgolng &
Transfers
Balan￿ at
31 Mar 2024
Unrestricted funds
General funds
417 911
278 279
431311
Restricted funds
St Ma¢Ys church
Bulldlngs fund
92,916
8,423
101,339
83
42
4 892 308
The St Marfs church fund is a historic hjnd which was created on the transfer of monetary assets from Ilnked charities. This
fund is invested in the COIF account alongslde amounts allocated to general funds. There were no movements, Income or
expenditure on this fund during the period or during the pievious period other than the revaluation ot the units held in the
COIF investment.
The buildings fund is a historic fund containing the freehold and investment property held in twst by The Baptist Union
Corporation Limfced. There were no movements on thi5 fund during the period or during the previous period.
15.
Analysis of net assets between restrirted and unrestrirted funds
Other Net
Total
Fixed Assets
Year ended 315t March 2024
Restricted funds
4.891.095
1.213
4,892,308
Unrestricted funds
138
Year ended 31st Morch 2023
Restrlrtedfunds
4,882,669
1,216
4,883,885
Unrestrirtedfunds
284 070
417911
5 166 739
16.
Related Party Transactlor
There were no related party transactions during this or the precedin8 year.
15

Norwlch Central Baptist Church
Notes to the Financlal Statements {continued)
Year Ended 31" Mar¢h 2024
Comparative Statement of Financial Activity
Unrestrirted
Fund5
Restrlrted
Funds
Total
Funds 2023
Total
Funds 2022
Note
In
mln
Resources
From generated funds
Voluntary income
Investment income
270,748
7,579
70,272
229
270,748
7,579
70,272
146,509
6,76S
84,386
Charitable activities
Other Incoming resources
Totsl incomln8
Resources
35
243
esourc
Ex
ended
Charitable actlvltles
Dlrect charitable
expenditure
Costs of generating funds
Governance costs
Total resources
280,095
280,095
247,526
expended
249 689
Net loutgolng}Ilncoming
Resources
71,099
94,218
71,099
90,495
(5,886)
19,355
Unrealised gainslnossesl on investments
Transfers between funds
(3,7231
Net movement in Funds
165,317
(3,723}
161,594
13,469
Reconciliation of Funds
Balances brought fotward
252 594
4 887 608
5 140 202
512673
Balances carried fonvard
417 911
4 883 885
5 301796
16