2024-12-31-accounts

Cosham Ba tist Church Re istered Charit 1126959 Accounts for the st ear l Janua 2024 to 31st December 2024 These accounts were approved by the Trust￿ 14th Octoter 2025 signgj on their behalf by KP %At Kevin TLrtte Tregsurer Page 1 of16

Statement of Financial Activities UNrMlrlcl•d PrforY•ar D￿11￿)￿3 & Legar 158,614 874 159.486 145,794 9,135 420 10.807 InY•$imBnt 1.468 974 Tf8ding A¢ll¥ $4.163 54.163 65,381 528 528 4,400 341 231231 186.9 Ravdkng Fu￿Ja 2.636 2.835 1.070 Other T(J1<11 r9sources u8ed 233.525 233.OEO R•wrr••{b•lore ITonsfwJl&.l-. Fun¢ Tr4n•l•rn In 2,460 8.486 7.107 Fund Tr4nilerè Out 18,4861 18,4661 Inv••tmoTrl ts￿￿1 lor L058osi 14•t IDcoming l OUtg￿r (Delorfr Assgt A•t•t R•v•MwloTr -15,024 95> 3929Y Towi Fvnd• 8r¢ywht Foward Total Fund$ car￿ Forw8fd 108.860 636.091 744.971 705.674 93,250 841050 736.3C¢ 144.971 R•pr•Mnt•d ay 71,461 71.481 92.988 Chlklrnn, Ytsukn and F•h¥￿ 14.149 11.818 B•th•ny IDwn•l•dl 4.04a 3.4Crf) Fdkyhxhlp Fund ID•n&ledl 805 sw￿11 GrryJps IRwbiet•dl 365 700 Hope Inio A¢kn Hou IRoffttod} 707 707 217 Chlldrnn. Youih Faffilkn• {Sthr￿l￿ork) IRMtrtGtqdl ChuTc DFbYlowMIl Fund IR•swi¢t•dl 0.988 34,979 Pirenl¥ PrnP]￿ThjTr1 Fur IReitrthdl 420 420 CYF IR851n¢tgdl andVI<KS￿p loos￿naledl Tdlu Mlg*ffi Fund IRe8lnctedl Page2 of16

ststement of Financial Position 86.764 2.394 89.158 112.LB 370 4.418 4.271 Prepaymonts 7.7>) 7.790 98 602 1C,1 368 Non-CurreniAsse Fmed Assets 798.916 798.916 796.916 Investments Accounts Payable 5.348 15. Defe￿ed Ir￿Off 700 700 219 1b,l-lo Long ferm Loan l Nlortga9e 157.931 157.931 163.937 93 256 2.064 95 320 109 99. 71.461 71.461 Chihen, Youth aThJ Farnil IDwnNlwJl 14.149 14.149 11.816 Bgthany IDeswJnatsdl 4.048 Fdky9hip Fund (De￿nAted) Srnall Groups IRe91rKted} 365 700 Fkjpe irno Act￿￿ Hou8 IFièAtrthdl 707 217 ¢hiklw, y￿ and F•thl ISthoc4 Wothl IRestnCt￿) 189 195 Churth Fund (R051￿dI 034,979 Sp￿1 O￿ng5 {Restridedl Parents Prwyrmnl Fund IRe51riCtedl 420 420 Spe￿1 Off6dng$ tr ctt8rltt&o CYF IRfsItiLtsdl Klu$￿ and Wornhip IDo$KJnW￿l FU￿ IRe8trirtedl Page 3of16

C0s￿M BApnsf CHURCH NOTES TO THE AccouKfs: YEAR ENDED 31 DECEMBER 2024 l AccoupifING pouaES Basls of preparatlon 2021), FRS102 and wlth Qwrities kt 2011 Cosham Churth is a registered dwity, rK).1126959 aThJ meets the dthnitKM rf a wblK te￿ entity uTrJer FRS102. Assets atxl liabilitEs are initialty recoJniHI at histc¥K31 cr& Ix bans&tKffi Val￿ Unl￿ Ot1￿WIse stated in the releRnt acc(XW￿￿j wlKy rntes. b Incryne recognition All incoming resour￿ are iTrJLKlgJ in ￿ st3teff￿rt ￿ finar￿la1 ACknwt￿S when d)arity is I￿allY entitkd to the incoft after any tErf0M￿rKe hwe te￿ an￿nt can I￿ nwsured reliabty arKI it is probable that the inco￿￿ will be received. c Donations C4)nation5 are Kcourted ftr 9rctss Ythen recei￿1. FlThJ asset gifts in kirKI a￿ recrMJiMzal ￿ receivab￿ are I￿lud￿l at fair val￿. d Legacies arKJ the condltkms of the lew are within the o)ntrd Cl￿rth. Invest￿ incow Is IrKI￿ in ￿ ￿([￿nts in ttE >Ear in is r£￿e￿￿ble. f Ex￿￿lture recogniti All exFendtture is accounted for on an &crua15 basis. Ex￿￿lIture is rK(wJniz&l there Is a legal constructive obligation to make pay￿￿nts to thirnl patrs, it is Fcknable tt&3t Settle￿￿t will be r4uired and tr a￿¥JUnt of the obligation can rr￿asUr￿l rdiabty. Costs of raising fund5 Church dcEs make f(￿al fvrxls, ￿K1 e%￿E￿IltUre ttw itens 15 thwetse n￿la1. h Grants payable accounted for when the recipient been mtIf￿ grant payrrErt 15 u￿0￿j1t￿na1. I Support costs SuppNt costs are tkise that assist w(Kk (l Ixrt (b dirKty IEFMp ¢tharitsble acbwtEs arKI IrKJude Offi￿ costs aml govemartt cost. WI￿ sur¢Jt cc6ts te dir&ty attributed to partiojlar ￿1￿5, have teen allctht&l to the cc6t of rai￿r0 fur¥J5 eXw￿[lUre cm tharitsble ￿￿vitE5 on a basis consistent with the use of re9)ur￿. This rePr￿lts ex[￿XIlture ￿ trE wYron￿ churth. Most of mawement is Carried ¢xrt wittKxrt olarge by Nr4unteers. This intsTrJible (c￿ is rv)t I￿L￿jed in the State￿Ent CA j Fixed Assets TangIb￿ fix￿ assets are caprtaltwj rf can fcf ￿￿)re than one ￿7r arKI cc6t at kast £1,([￿, eX￿pt for (Dmputers equIpry￿t Is capiialis&d rf ￿ value ex(e& £2,CKK+. are inltlalty at COSL or f￿ dorkited a55ets, at a rea%￿7b￿ estimate cf ttEir Val￿ on receipt The value the church premises 15 historical cost as far a5 7•¥e can detemmne. Page4of 16

k Depreciation Depre(?ation is prrNJed C￿ all fixej assets, than free1￿)kI la￿1, to write clf the ¢xst C￿ a stra￿ht.1Ine basis over thelr expe(led usefvl lrfe, at ttE fdlwTrJ ratrs: Freetr￿d Nll BulldlrKJs Nll (Beari￿ In rn1￿1 tlwt tsE is S￿￿11) Fumiture a￿1 fittir¥Js Computers and equipment 33% I Investment Assets Investrnents are initialty stabJ at cost. ￿b5eq￿tty tly are I￿SUr￿ at fair Val￿ wlth charw I￿n￿ed In the Ststement of FinarKial ACtNit￿ if the sF¥3res are traded C￿ ttir falr value can cthTh¥ise te nEasured reliabty. All otr￿r Invest￿ assets a￿ slKxn at cost ￿ impalm￿. m Funds unrestri￿ furlts are avallabbe use at the dlscrtkn 15￿tee5 in furttrwarKe gerrnl obfr(￿VEs of the charity aThJ whth ha¥E rK i￿n tswJnat8J for other pUrrrf￿. Deswjnated funds comfv unrestrkted fvTrJs that h￿e tse￿ set asKle trust￿$ ts sp8Jft purp%es. The alm aTrJ use of eth deswJr4ited furKI 15 Set in ts r•ts to the finarthl siateffnts. Restrlcted fur•Js are fu￿15 which a￿ to L utyl in wth restrlrtth ImrM)sed by dorKfs or which the tn raised by the charlty for sreofk purrkxs. The cost of ra￿r¥4 aTrJ administerirrfj suth furmls are charged agalrst the fvrKI. The alm a￿1 use restrktal furMI Is set CArt In the notes to the flnandal ststeffents. E￿l￿•v￿nt funds represent thctse assets vthkh be lk1 pemKir• by the tharrty. Tr church currently )Ids no fuTrJs in this categw. arisir¥J ￿ erKkn4TT￿nt fuThJs can ￿ used In ￿0)rdan￿ w￿h the Cl))￿ the charty is induded as Un￿StrICted I￿off￿. Any capltal galns ￿ h)sses art￿ng ￿ the investnRnts form part of the furKI. Investwrt manam charyes a￿1 legal thKe relatiry to fv￿$ are tharged agalnst the fund. n Employw b•n¢fft• The charlty operates a d￿th￿l c(xrtrliKrtkn plan f(Y Its wnploys. A defir￿1 contrlbutkn plan 6 a penskn plan ￿r￿er whlth the charity pays flxed contritrArtlors Into a separate enw. Or£e ￿ crmttrllxrtl￿ have been pakl the thartty has no furtlEr payrrents obllgatkffj. Tr ccrfrtrlbut￿s a￿ rEroJnlsed as an expense when tlw are due. ArtKfyunts rh)t paid are shcy+vn in ￿lS in the balantr sh& The assets of the rAan a￿ W separatdy from the tharity In an IndererMnty èJmlnistereA1 fuThJ. Prtor to 2012 the BapU Pen5th FurKI L¥Erated a dthrd sclvFE. C05ham Baptlst Church had rK) prevlous employees tskirKJ part In that $d￿me VAKJ y*￿1d create a liatmlity for ￿ church. Page 5of16

Donatlons and Le9Kies Donatlons and Legacies Unrestrlcted Deslgnated Restrlcted Ermlowment Offerlngs Regular Donations Online/Contoctle55 Donation5 Other Donation5 Total Offerln8s/Donatlons 2024 2023 £101.605 £0 £0 £0 £101,605 £91,009 £11.559 £8,488 £121.652 £0 £0 £0 £0 £0 £11,559 £6.085 £13,720 £19,844 £126.884 £116,938 £4.358 £4.358 £874 £874 Tax Refunds £23,441 £0 £0 £0 £23.441 £21,976 Grants Recelved £0 £0 £0 £0 £0 £0 Le8acles £9.163 £0 £0 £0 £9.163 £6.880 Total £154.256 £4,358 £874 £0 £159.488 £145,794 In 2023 £897 of the donations and legacies income was attributable to restrlcted funds, wf(h the remaining £144,897 being attributsble to unr&ritted funds. 3 Inc4)m• from Charft•bl• Athlti Income from Charltable Artlvlties Unrestrfrted Deslgnated Restrfcted Endowment Funeral Fees £0 £0 £0 £0 Muslc Makers Fees/Char8es £0 £0 £0 Musk Mak•r8 Sales (CDS £0 £0 £0 Klds/Youth Events/Camps £420 £0 Contrlbutlons for use of Photocopler Bethany Fees/Charges Total 2024 £0 2023 £310 £6.8 £6,806 £6,827 £0 £5 £2,576 £3,623 £0 £0 £2.156 £0 £0 £0 £0 £173 £9,135 £0 £0 £420 £0 £0 £0 £0 £42 £173 £0 £9,555 £10,807 Investment Income Bank InteresVLoya Payments Building Society Interest Rent Received Income from Other Investments Total (to agree with SOFA) Unrestricted Desi8nated Restricted Endowment 2024 2023 £1.468 £0 £0 £0 £0 £0 £0 £0 £0 £1,468 £0 £0 £974 £0 £0 £0 £0 £0 £0 £1,468 £0 £0 £0 £0 £0 £0 £0 £0 £1,468 £974 Page6 of16

Other Tradlng Actlvltles Room Hlre Unrestrfcted Deslgnated Restrlrted Endowment 2024 £38.437 £0 £0 £0 £38,437 £53,997 £15,694 £0 £15.694 £11,336 £33 £0 £33 £47 2023 man￿ Rental Paym•nts Book and Card Sal•8 Total Ito agree wfth SOFA) £0 £0 £0 £0 £54.163 £0 £0 £0 £54,163 £65,381 Other Income Feod In Tariff from Solor Pan•lB 14ofund Sundry Donatlona ContrSbullon8 for u•• ol PhotoGopi•r 8•thany Caro Donallon8 Unrestrfrted Desl8nated Restrfrted Endowment 2024 2023 £388 £0 £0 £0 £388 £342 £0 £0 £0 £0 £0 £11 £0 £0 £0 £0 £0 £2,617 £85 £0 £55 £528 £0 £0 £0 £0 £0 £0 £0 £0 £0 £85 £0 £0 £0 £1,429 £0 £55 £0 £0 £528 £4.400 Total (To a ree wlth SOFA Ra1￿￿ Fund• Unrertrfcted Deslgnated Restrlrted Endowment 2024 2023 Ralslng Funds Total (to Ogree wlth SOFAJ £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 Charltsble Actlvftle• Charltable Actlvltles Mlnlstry Mlsslon Establishment Total (to agree wlth SOFA) Unrestrfcted Deslznated Restrlrted Endowment 2024 2023 £105.140 £0 £0 £0 £105,140 £87.388 £31.377 £0 £38,070 £37.353 £90,656 £0 £90,656 £62.034 £6,352 £0 £341 £0 £227.173 £6.352 £341 £0 £233,866 £186,774 Supwrt costs have teen alk￿a￿ LEtwEen MlnlW, EstabllshTh￿￿ in prOPNti￿ to ￿1r dirert charitable exFendItU￿ {￿ note 11) Page 7 of16

Other Expenditure Other Expenditure Amenity rip Fee Asbestos Survey and Plan Books for Life Group Course Christmas Decorations Deflbrillator Pads and Battery Food Hyglene Certificate Gift for Leaving Regional Mlnster Room Hire for Leader's Meeting Thank You Gifts Total {Included in Charitable Activities) Unrestrirted Designated Restrlrted Endowment £0 £0 £0 £0 £0 £0 £0 £0 2024 £0 £0 2023 £12 £500 £0 £0 £0 £0 £0 £0 £0 £0 £0 £38 £82 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £334 £12 £0 £0 £0 £0 £0 £150 £0 £0 £0 £0 £0 £0 £0 Éo £0 £100 £57 £0 £0 £0 £0 £0 £0 £1,285 No entrie5 ne8JgJ uTrkr this category this year as ite￿6 whid) v￿uld have prevvJusty teen included have teen r￿ded elseW￿re due to account forn￿￿1r￿ change5. io Support costs Support Costs Bank Charges & Card Processor Fees rr&AV Office Costs Office Manager Costs Independent Examlner Fee Total Support Costs (to ree with note 11) Unrestrlrted Designated Restricted Endowment 2024 2023 £426 £1,399 £3,284 £23,785 £2,635 £0 £0 £0 £0 £0 £0 £0 £0 £426 £194 £0 £1.399 £3,639 £0 £3.284 £2,293 £0 £23,785 £22,361 £0 £2,635 £1,070 £0 £0 £0 £31,529 £0 £0 £0 £31,529 £29,557 Supwrt costs have been allcthted across the other headiTrJs in note 8 in proportion to expenditure Page8 of16

li Expendlture Allocated Support Costs £0 £14,175 £20,920 £5,133 £0 £12,222 Dlrert Charltable Expenditure Grants Payable Charitable Activities Ministry Mission Establishment Cost of Generatlng Funds Total (to agree notes 10 &12) Total 2024 £105.140 £38,071 £90,656 2023 £86.582 £37.655 £62,537 £90.966 £12,017 £78,434 £0 £0 £0 £0 £0 £181.417 £20.920 £31.529 £233.867 £186.774 12 Grants payable Grants Payable BMS World Mlsslon Home Mlssion Hope into Action (Charfty not House) Latin Link (TIM and Hannah Flatman) Reach Across {Marlel Other Small Grants1<£6(K)) T¢)tal Unrestrlrted Desl8nated Restrirted Endowment 2024 2023 £4,455 £0 £0 £0 £4,455 £4,463 £9,￿2 £0 £0 £0 £9.002 £9,096 £0 £0 £0 £0 £0 £0 £0 £0 £1,823 £1,823 £0 £0 £0 £0 £0 £0 £4.368 £4,368 £0 £2,495 £2,068 £0 £20,920 £20,595 £600 £4,368 £672 £19,097 13 Net Income for the year Net Income for the Year is stated after charglng/lCredltlngl Net Income for the year is stated after charging/(Credlting) Independent Examinatlon Taxation Work Other Servi￿$ 2024 2023 £222,566 £2,635 £0 £226,286 £1.070 £0 £0 £0 14 Stsff costs and Tnth expenses Staff Costs Salarie5 Social Security Costs Pension Costs Housing and Other Costs Total 2024 2023 Gross Salary/Stipend Employer's National Insurance Employer's Pension Contribution5 Housin&Council Tax, Water. Telephone £74,591 £54,947 £309 £1,250 £4,906 £4,266 £18,476 £19,428 £98,282 £79,891 Page9 of16

The average number cl durlrKJ 2024 was 3. The aveFage numiEr of emrtye5 duriFNJ 2023 was 2.￿. employee receival t(al enKluffvts in exc￿ of £&),(NXI durlNJ the ￿r. The Minister as one of the church's trusts in ￿corda￿e ￿ryth the &)veming Crument rereN8J a stiperKJ of £35,818 (2023 £32,595) aThl cthr in rw rf hslher servw as MinLSter, Ind￿lIr0 tr prcmsion of mBnse accomnTh)dation rented ty the churth from the fvtinister and his ¥￿tse. The Minister was a150 paKI £796.93 (2023 É0.LKI) in tTrNElliry exp￿￿ (Ner tke year £1,366 (2023 £459.50) in eXp￿Se$ rela￿1 to Qffitinuir¥J Mintsterial £6,162 In total was rdnjurs￿l to the TWSts￿. Ir￿J￿11Th3 tr Mlnlster In (Art￿.￿Kxket expen irthrred as Trust￿$ (f(x(l ar)d materials purd)as&1 on d)urth - recapts provid&1 (2023 £5,617)). Other Trustee & Related Expense5 Sandra Tutte {wlfe of Trustee) Catering and Kitchen Supplies Kevln Tutte (Trustee) Catering and Kitchen Supplies Slmon Ford {Trustee} Food. resources for Children's Work. Vanessa Ford Iwife of Trusteel Food and Resources for Children's Work Susan Ayling (Trustee) Fish and Chips, Resources for Older Persons Work Publicty Resources, Materials for Refurbishing Foyer 2024 £268 £39 £4,156 £1,092 £210 2023 £655 £4,463 Adrfan Gregory (Trustee) £398 £499 £5,617 Total £6.163 No other Trustee was paKI from thurch furKts cyrfer the year. Donations made by Trustees Unrestricted Donations Restricted Donation (For Hope into Artion House} Total £28,477 £25 £28,502 Totsl aggregate remuneration paKJ to tI￿se key maTh>Jen￿ r*rsOnr￿ duriThJ the year was £64,026.10 (Includes Gross Pay, Ern￿oye￿5 Pensi￿ Contributions Emknrfs Nati¢Thl Insura￿ contributior￿ alhywaTKe). (2023: £55,746.72) Page 10of16

15 Tangible Fixed Assets Tangible Fixed Assets Cost 1st January 2024 Additions Dlsposal Church Premises Manses Total £513,916 £0 £0 £285,000 £0 £0 £798,916 £0 £0 31-Dec-24 £513.916 £285,OiX) £798,916 Depreciation 01-Jan-23 Charge for the Year On Disposals 31st December 2024 £0 £0 £0 £0 £0 £0 Net 8ook Value 1st January 2024 31st December 2024 £513,916 £513,916 £285,OLKI £285,0 £798,916 £798,916 The ￿nk Centre comprises the building next to the church which was purchased by the church in 2002 and integrated into the main church building. The historic value is listed at £513,916.29. The Manse was purchased for £285,OIXI in 2019. At these valuations, it was not thought realistic to apply depreciation. All of the fixed assets are usually used for dirett charitable purp)ses. At present the manse is rented out as we do not have a second minister. No fixtures and fittings or Compute￿ or other equipment a value of more than £1,000 were purchased during the year. Page11 of16

16 Debtors Debtors 2024 2023 Offering not yet credited to Bank Accounts at Year End Money Collected for Other Charities not yet banked Outstanding Hall Hiring Payments HMRC Gift Aid Bethany Money not yet deposited at year end Accrued Income £234 £294 £370 £1,861 £1,928 £0 £2,202 £1,757 £24 £19 Prepayment and other Debtors Deposit for Building Work Prepayment for Satellites 2025 Tickets Prepa ment for 2025 Insurance £0 £495 £7,295 £IZ,208 £2.585 £0 £6.526 £13,382 Total 31st December No 18 Bank and osh balances Cash and Bank Balances CAF Gold Savings Account Barclays Bank Current Account Lloyds Bank Current Account (CYF) CAF Current Account Sum Up 2024 £58.129 £13.148 2023 £61,672 £36,334 £14.232 £3.167 £450 £32 £12,757 £1.533 £0 £32 Total £89,158 £112,328 19 Creditors: amounts falling due within one year Creditors Expense Clalms Electricity Invoices Gas Invoice 2024 2023 £1,117.12 £45.38 £1.044.95 £0.00 £1,575.19 £63.41 £1,5LXI.00 £0.00 £1.277.12 £644.83 £1,466.09 £28.68 Watsr Invoice Invoice for repair or maintonan¢e Invoice for Cleaning Matsrials Independènt Examiner Fee Agéncy Funds 8a Union Loan Re £12,082.82 £o.crf) £O.CM) £218.66 £6,006.33 £21,724.53 ents due In next ar £9,303.00 £14,649.05 Total Page 12of16

20 Creditors: amounts falling due after more than one year Loans. Baptist Union Corporation Loan Idue to be repaid by 1212139) 3111212024 3111212023 £148,627 £163,331 Total £148.627 £163.331 This k)3n was tsken out to help with ￿ purcha of a man. 21 Restricted Funds 1st 31st January Incoming Resources December 2024 Resources Expended Transfers 2024 £195 £0 £6 £0 £217 £490 £0 £0 £71J) £0 £335 £0 £634,979 £0 £0 £6,006 £640,986 £0 £0 £0 £420 £0 £0 £384 £341 £6,006 £643,050 Restrlcted Funds Children. Youth and Families (School Work) (Restricted) Hope Into Action House {Restricted) Small Groups (Rostrictsd) Church Development Fund {Restricte Parents Prepayment Fund {Restrlcte Teliu Mission Fund IRostri¢tod) Total £189 £707 £365 £420 £0 £384 £636.091 £1.294 The Hope into Action House Fund: HorR into Action is a charFty which provides housing for vulnerab kW)le such as asylum seekers or those with mental health issues. They partner with a Ic£al church which provides a team of tEfrienders to wor wbth the residents. The fund is d(￿ated by church Mem1￿[5 for the team to Use to assist the residents, for example in providing bedding and furnlshlry or garden t(y)Is. Church Development Fund: This fund contsirs the fixed Assets (rf the Church buildlngs (the Chapel arKI Link Centre, and the Manse. The Link Centre comprises the building next to the church which was purchased by the church in 2002 arxl integrated into the main church buitding. The historic value of the church buiklings is list&J as £513,916.29. The Manse was purchased for £285,000 in 2019. There is an outstsnding loan taken out to help purchase the manse which at the end of 2024 stocxl at £157,931. Ontr this is deducted from the value of the buibJirrtJs aThd manse, at end of 2024 the value of the Church DevelopnEnt Fund stc¥xl at £640,986 The Children, Youth arml Families (SclK•oI Work) Fund: Contains a small amount of money which was donatal to provide resour￿ for some church memters who went into Icol schwls to provide assemblies. When they stOPFed doiThJ this work, ty as￿ that the money be transferred to child￿n, Youth aTrJ Famil￿5, but, E￿aUse of the ￿thns of the donation, Its use Is restricted to in sch¢Jols. The Small Groups Fund: Contains given from a Legacy. The donor wanted the mney used to sUp[￿rt Small Group work within the churth but askay that 6 members of his old small group should decwje exactly how the money was spent. N(rt all these still atteThJ the church, but with the agreement of those wtK we are sknll able to con￿t, the money has so far bn S￿nt on resources for the Alpha Course and bn a Pastoral Care Training Course which benefited Hou Group Leaders. Page 13 of16

The Parents PrPaynrt Fund: Was set up ty (xff thildren arKJ Families %￿all$t Minlster tr) enable parents to contrtbute a ￿)nthty arT￿nt timards the cost ￿ th￿r thihlren atteNJirKJ camps and thr events arraw for ￿ thikdren and j￿r￿J The Teliu Fund: Has set ￿ to crrtain furmts CC41￿11 to wtyxle f(xY, trartswrt a￿1 resour￿ to be used by a team embarkiTrJ on a SI￿.terM missth trip to Teliu 8aktiSt Church in Romania in the sumw cl 2025. Sperial Offerings arnl Spedal Offerirys for Charities (CYF) are restrthl furnts set up to hokl coll￿ted to i￿ f(Thard8J to other charities, for eyamp a Christmas Day collectiL￿. Thrs ￿￿)neY is haThYl&l acmrdirrtJ to Age￿ AccountiThJ wncipks and is regardal as ￿Jtsbje our &cfyJnts. It is acthir#J to the ExFensePlus hdp artide Trkhv th I handle that isnt our Kcourts" th -isnt- a£o￿ts. M(MEy is r￿Ord￿j as income when it is r￿ed tyrt then is T￿Ord￿j as an i￿￿￿e refurnl it is paid to the other tharty. Cons8]wity, r(* irKcYre ￿ ￿ltUre related to tIEse fvnds shjws in our accounts. We try to forward the rrw to charit￿5 as scxffi as Fwible Net Current Assets Restricted Funds Children, Youth and Famlb88 {School Work) {Restricted) Hope Into Action Houso (R•strthd) Small Groups {Restrict•d) Church Development Fund IRostri¢te(fj Parents Prepaymont Fund (Restricte Teliu Mission Fund Total Flxed Assets Investments Total £0 £0 £0 £634,979 £0 £0 £0 £0 £0 £0 £0 £0 £189 £707 £365 £365 £0 £634,979 £420 £420 £384 £384 £2.064 £637.043 £189 £707 £634.979 £0 22 Designated Funds 31st December Transfers 2024 £1.260 Unrestrlrted and Designated tst January Incoming Funds 2024 Resources General Fund £210.415 Children.Youth Familigs (Designatedl Bethany (Designate Fellowship Fund {fkngnatod) Music and Worshlp D¢si nate Totsl Resources Expended £227.173 £92.966 £77,467 £11,816 £3.401 £698 £8,807 £1.380 £150 £4,614 £733 £243 -£1,860 £0 £0 £14.149 £4,048 £605 EO £108,880 £3.0 £223,752 £607 £233.369 £600 £0 £2,993 £99,262 The Bethany Fund is for the use of Older Persons Group which meets in the church on WedrEsdays. The Fellowship Fund is money set aside for use at the discretion of the Minister and T￿aSurer to hdp those people known to the church in particular need. Page 14of16

The Children, Youth and Families Fund represents the money generated by the various children's groups within the church and is set aside for their use in funding activities and rv￿urceS. Each month a sum of £155 (£1,860 annually) is transferred to the church general fund for the cost of light and heating for the children s attivities and to help fund the Churchsuite S0fc￿are which k￿pS records of the children known to the church. The Music and Worship Fund contains rnoney given as a result of two legacies. In each case the Donor had expressed a wish that the money should be used to provide instruments, equipment or sound systems to help in the church worship. However, in both cases the Donor has ststed that the money could be used for other purposes if the Leaders felt that this would be more appropriate. The 2024 and 2023 budgets had each contained £300 for Music and Worship equipment which was not used. The Leadership agreed that this money could be transferred from the General Fund to the Music and Worship Fund. Net Current Assets Deslgnated Funds Children, yO￿h and Families {Designated) Bethany {Deslgnated) Fellowship Fund (Designated) Music and Worshi Desi na Flxed Assets Investments Total £0 £0 £0 £0 £0 £0 £0 £0 £0 £0 £14.149 £14,149 £4,048 £4,048 £605 £605 £2.993 £2,993 £21,795 £21,795 Totsl Analysis of net astets Flxed Assets Net Current Short Temi Assets Credltors Long Term Credltors Anaty818 of net A88ets Restrictsd Funds per note Total £798,916 £2,064 £9.303 £148.627 £643,050 Designated Fund5 per note £0 £21,863 £76,739 £100,666 £69 £0 £21,795 £71,461 £736,306 Unregtricted Funds £0 £5.278 £14,649 £0 T¢)tal £798.916 £148,627 Totsls to agree with the Balance Sheet Page15of16

24 Pensions The Church is a participating employer the Baptist Pension Scheme C'the Scheme?, which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The Scheme, previously known as the Baptist Ministers Pension Fund, started in 1925. At the beginning of the financial year, the scheme comprised of a defined benefits scheme which was closed to future accrual on 31 December 2011 and a defined contribution plan which was opened in January 2012.The assets of the Scheme are held separately from those of the Employer and the other participating employers. None of the previous Ministers of the church were members of the Defined Eenefit plan at a time which would make Cosham Baptist Church liable for the deficit relating to their pension. The Church pays pension contributions ft)r its current Minister to the defined contribution section of the Baptist Pension Scheme. For the current financial year, the pension provision for members of the Scheme is being made through the Defined Contribution (DC) Plan. In general, members pay 8 % of their Pensionable Income and employers pay 60/0 of members, Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Broadstone Corporate Benefits Ltd. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for kheme members if they are unable to work due to long-term incapacity. This income protection policy has b*n insured by the Baptist Union of Great Britain with Aviva Limited. Furthermore, members of the Basic Section pay reduced contributions of 5 % of Pensionable Income, and their employers also pay a totsl of 50/0. 25 Related Charities The custodian Trustee of the church is the Baptist Union Corporation Limited which is charity number 249635, and which is controlled by the Baptist Union Council. The custodian trustee holds the church buildings and manse in trust for the church. The church is also member of the Baptist Union of Great Britsin, and the Southem Counties Baptist Association. The church is in receipt of a loan from the Baptist Union Corporation as set out in note 24. There were no related party transattions in the year erKling 31112114. Page 16 of16

Trustees, Annual Re ort l Janua 2024 to 31" December 2024 Cosham Ba tist Church Number: 1126959 Re istered Address: Cosham Baptist Church 48 Havant Road Cosham Portsmouth Hampshire P02 6QZ Trustee Name Office (if any) Minister Dates acted if not whole year Name of person {or body) entitled to appoint Trustee Church members Rev. Simon Andrew Ford Richard Michael Brooks Secretary Term ended 31112124 Church members Kevin Philip Tutte Matthew Peter Woodroffe Treasurer Church members Church members George Simms Frances Helen Barnes David Morris Evans Daniel Alexander Taylor Adrian Gregory Nicola Claire Pimlott Susan Carol Ayling New Trustees in 2025 when report approved Susan Brooks Ali Williams Church members Church members Church Members Church Members Church Members Church Members Church Members Until 31112124 Appointed 1/1/25 Appointed 1/1125 Church Members Church Members

Pro Trustees For the church buildin s and the manse The Baptist Union Corporation Limited Baptist House 129 Broadway Didcot Oxfordshire OXII 8RT (The Baptist Union Corporation's objectives include "helping Boptist churches in their work, not least through encouroging the effective monogement of their assets and resources.- One of their principal activities is to act as custodian /holding trustee of many Baptist churches.) Inde endent Examiner Wyatt & Co Chartered Accountants, 125 Main Street, Garforth, Leeds. LS25 IAF Structure Governance and Mana ement Cosham Baptist Church is a charitable unincorporated association governed by its constitutional (approved governing) documents. The church is a member of the Baptist Union of Great Britain (BUGBI and of the Southern Counties Baptist Association (SCBAI and supports the activities and funds of both these. Church Membership is open to all who". Accept the beliefs of the church. Meet the church's qualification on Baptism. Commit themselves to serving Christ within the church and beyond. Abide by the decisions of the Church Members, Meeting. Acknowledge their responsibilities as church members. Have their membership application accepted by the Church Members, Meeting The usual mode of entry into church membership is following baptism by immersion upon personal profession of faith. However, Cosham Baptist Church has an open membership policy, so that persons seeking membership who have not been baptised in the manner described may at the discretion of the of the Church Members, Meeting be accepted into full membership based on their own public profession of faith.

Ministers (who are also Trustees) are called {elected) by a majority vote of church members and serve until they resign or are voted out by church members at an extraordinary church members, meeting. Church Elders and Deacons {who are also Trustees) are elected from the church members by secret ballot usually at the church's Annual General Meeting and serve for three-year periods before needing re-election. All new Trustees are given a copy of the Charity Commissioners current leaflet/guide on being a charity trustee and relevant BUGB/SCBA guidance. They are entitled, should they wish, to attend a training day at the church's expense to further clarify their knowledge. The Deacons and Elders meet separately usually once per month to review the activtties of the church and make decisions regarding the church's activities. Church Members are entitled to attend church meetings in person and are now also entitled to view meetings online and vote remotely if they are unable to attend in person. Ordinary Church Members, Meetings are held at regular intervals on not less than four occasions in any calendar year and normally bimonthly. These are an opportunity to consider and review routine matters associated with the life of the Church including issues related to church membership. One Ordinary Church members meeting each year includes the Annual Church members meeting for the church members to receive annual accounts and reports, to appoint Auditors or Independent Examiners and to consider proposals for the strategy and vision of the church in the coming year. An Extraordinary {Special) Church members. Meeting can be convened when necessary to consider the appointment or dismissal of a Minister, matters related to the purchase, sale, lease, mortgage or redevelopment of church property or matters considered by the Charity Trustees to be of sufficient importance to require the calling of a Special members, Meeting. Summa of the Ob"ects of the Chari set out in the Governin document: The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world. Summary of the main activities undertaken for the public benefit in relation to these objects: Fulfilling the purposes, the church engages in a range of activities including: Regular public worship, prayer, Bible study, preaching and teaching. Worship Services are streamed to the internet and can be viewed via our website by the public.

Baptism as defined in the Baptist Union's Declaration of Principle. The Communion of the Lord's Supper which will normally be obser￿ed at least once a month. Evangelism and mission locally, regionally, nationally, and internationally. The Teaching, encouragement, welcome and inclusion of young people. The nurture and grovdth of Christian Disciples. Education and training for Christian and community ser￿ICe5. Giving pastoral care and encouraging others to do likewise. Supporting and encouraging charitable action in the UK and abroad. Encouraging relationships with other Baptist churches, other denominational churches, and Christians in general. Summa of the maln achlevements of the chari durin 2024 We started 2024 started with 7 days of Prayer- a chance for the church to meet together in prayer, both on-line and in person. Attendance at Sunday Morning Seniices is now back to pre-covid times and almost every Sunday, we have new people coming to the church for the first time. We have been looking at ways in which we can encourage these new people to become regular attenders and get more involved in church life. The Leadership has been looking at ways in which we can revise our church membership structure to make it easier for people to commit to the church and to provide support to help them grow in their faith. The Bring & Share Church lunches after a Sunday Morning Service are now so well supported that we cannot accommodate all the people wanting to attend in the front Hall. These have been an opportunity to get to know newcomers and other members of the congregation in a relaxed atmosphere. We ran two Alpha courses for those wanting to know more about Jesus on a Thursday evening and a Sunday afternoon. As a result of these, three people have come to faith and two have made a public confession of their faith in Baptism and are now active church members. In September we held another Fun Day where we could invite local people into the Church to enjoy the facilities here and burgers & sausagesl Last year the Church recognized that there was a need for someone to be able to help develop the pastoral care needs of the local community. We advertised, inteniiewed and appointed Rev Paul Gough, a retired Baptlst Minister, who has settled in extremely well and brought a wealth of experience and knowledge to the church. He has been a benefit to many in the church and organized a Pastoral Training Day with lan & Ruth Coffey. We have recently extended his employment contract.to December 2025.

We support several Mission Organisations both local and overseas. We provide a friendship group to support the residents of a house provided by Hope into Action for a family from Ukraine. We hope next year to take on supporting a second group of residents once Hope into Action can find a suitable local property to buy. We continue to hire out church rooms to outside organisations during the week when we aren't using them. We hire rooms to over 30 different groups. The local NHS hospital holds many meetings and training days using our premises. In addition, we host various medical support groups and local groups looking for somewhere to meet. Typically, over 500 people a week who don't come to the Church on a Sunday, come through our doors during the week. The Welcome Hub we established in the Foyer during the year, allows us to advertise church events to this much wider local audience. We took action to deal with asbestos identified in the boiler room and under the chapel floor. Asbestos in the boiler room was removed by a professional asbestos removal company, who also sealed off the chapel floor following the advice of a specialist asbestos SUf4eyor. We revised our asbestos management plan accordingly. Our activities would not take place without the support and encouragement of our Minister, Rev. Simon Ford, our Pastoral Care Worker, Rev. Paul Gough, Our Office Manager Samantha Carver and the many volunteers who support the Welcome Team, the Children and Young People's work and the work with older people. We extend our thanks to all these for their care and commitment. Plans for 2025 The increase in our congregation in recent months is encouraging. The Leaders have been exploring ways in which we can encourage these new friends to become more involved in the church and to deepen their faith. We are developing a revised membership structure, and this will provide various growth tools which attenders can make use of to grow spiritually and to increase their involvement in and support for the church. The midweek children's groups have been refashioned. The work with older persons continues to flourish with the help of our new pastoral care support worker. We have found that our current Leadership structure makes it difficult to manage the current situation effectively while also planning for the future and spiritual oversight. Consequently, we have divided our Team into two groups: Elders and Deacons. The Elders will be responsible for the spiritual health, direction and growth of the church, while DeacoDS will be responsible making sure that we are effective and fulfilling our legal and safety obligations. Communication between the two groups will be essential and they will have termly joint meetings.

We are in the process of considering the needs for the church building in the future and with this in mind are commencing the process of becoming a Charitable Incorporated Organisation. Financial Review Our overall income for the year 1st January 2024 to 31. December 2024 was £225,201 balanced against an expenditure of £233,866 resulting in a deficit over the year of £8,665. The main source of income for the church remains the generous voluntary giving of its members and other regular attenders. Most of this came from Standing Orders and other forms of regular giving which amounted to £101,605 over the year, an increase of £10,596 over the previous year. Sunday offerings and one-off donations {including legacies) totalled £28,736 a decrease of £3,915 from 2023, probably because of some people shifting from intermittent giving to regular giving. From the donations received for the general offering and standing orders combined, we were able to claim £23,441 in Gift Aid, an increase of £1,466 over last yearfs amount. As mentioned in last yearfs report, one of our regular Hall Hirers, who previously paid monthly retainer, changed to making ad hoc bookings. This was a significant income stream, and its loss has resulted in an overall drop in Hall Hire income from £53,997 to £38,437. This was a reduction of £15,561, but much less than we originally feared. Thanks to Sam, our Office Manager for all her hard work in managing bookings, developing relationships with new hirers and making hiring rooms at CBC a welcoming and positive experience. We continue to let our church manse, which is not needed to house a minister at present. This has generated an income of £15,694 which has helped towards covering the cost of £18,108 for the interest and capital repayments of the loan we are using to buy it. Children, Youth and Families generated an income of £9,382 from fees for children attending various activities, camps and clubs. This was balanced against an expenditure of £4,775 which resulted in a surplus of £4,607 over the year. The main reason for the deficit in the General Fund was the need for several expensive repairs to the building. We continue to have problems with our aging flat roofs, which cost £5,178 in emergency repairs in 2024. Our 5 yearly electrical survey identified a number of problems which cost £9,588 to remedy. Work to make the chapel safe from asbestos cost £7,992 plus £1,468 for modifications to the fire alarm system needed as a result. We do not anticlpate that this level of expenditure will be needed in 2025, but we do need to plan for definitive renewal work on the roofs within the next few years and the Leaders are exploring our options with the membership for how we can raise the money needed to finance this

At the end of the year, we had £71,461 in our General Fund, there was £14,149 in the fund designated for Children, Youth and Families and £4,048 in the Bethany Fund, which works with Senior Citizens. The Fellowship Fund retained £605. We also held money in restricted funds: £365 to support Small Groups (from a legacy.given for that purpose), £707 raised by a team supporting a Hope into Action House, £188 given to support work in Schools and £420 in a Parent's Pre-payment Fund which allows parents to contribute regular amounts during the year to fund fees for their children attending camps and other activities for which a charge is made. The Music and Worship Fund held £2,993. All in all, our reserves were £79,107 plus the additional £14,148 held by Children, Youth and Families. Brlef Statement of the Chari 's Polic on Reserves The trustees have agreed that our policy on reserves would remain unchanged at a resenie threshold of £45,000. This would be sufficient to enable a controlled closure over a period of three months in the event of a sudden complete cessation of income. Although we would need to give some members of staff more than three months, notice, the Trustees considered that a sudden complete cessation of income was an unlikely scenario. It would be more likely that there would be a gradual loss of income, and in these circumstances, reserves would be needed to enable us to tailor our spendin8 to the new circumstances. At the end of 2024, our unrestricted and designated funds totalled £93,256, well above our reserve limit. However, the Trustees are aware that we continue to face considerable problems with our aging buildings which need addressing, rather than continuing to spend funds on emergency repairs. Our budget anticipates an expenditure of £226,235. A repeat of our income from 2024 would balance this. However we received several generous legacies last year, which are unlikely to be repeated and so the Leaders plan to encourage the members and regular attenders to review their giving to ensure that the budget balances at the end of 2025. The Leaders remain confident that the Church can proceed into 2025 as a going concern. Inde endent Examlner The church voted at the Annual General Meeting to appoint Wyatt & Co as our Independent Examiner for the 2024 accounts.

Declaration The Trustees have read the Charity Commission's guidance on Public Benefit and have taken regard of this in making decisions relating to the running of the charity. They are satisfied that the activities described above are consistent with our declared purpose and provide benefit to the public. The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees: Signature: Signature: {Acting Church Secretary} 94£V i+liukr Kevin Tutte (Church Treasurer) Date: Date 14lielzs-

Cosham Baptist Church

Year Ended 31st December 2024

Independent Examiners Report

I report to the trustees on my examination of the financial statements of Living Word Church Network ('the charity') for the year ended 31 December 2024.

Responsibilities and Basis of Report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

Although the charity’s gross income does not exceed £250,000 and there is no requirement for the examiner to be a member of a body listed in Section 145 of the 2011 Act, I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

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 to enable a proper understanding of the accounts to be reached.

Nigel Wyatt BSC FCA Date: 20/10/2025 Independent Examiner 125 Main Street Garforth Leeds LS25 1AF

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