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 IDw*n•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
Chih*en, Youth aThJ Farnil
IDwnNlwJl
14.149
14.149
11.816
Bgthany IDeswJnatsdl
4.048
Fdky*9hip 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 F*cknable 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 prrN*Jed 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￿ tt*ir 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 ger*rnl 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 siateff*nts.
Restrlcted fur•Js are fu￿15 which a￿ to L* utyl in wth restrlrtth ImrM)sed by dorKfs or
which the t*n 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 l*k1 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. Investw*rt 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 wnploy*s. 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 IndererM*nty èJmlnistereA1 fuThJ.
Prtor to 2012 the BapU* Pen5th FurKI L¥Erated a dthr*d 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 trust*s 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 rdn*jurs￿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 b*n 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 Pr*Payn*rt 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(x*Y, 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 

6