Colchester Baptist Church Eld Lane, Colchester, Essex COI ILS Re ort and Accounts for the ear to 31 December 2024 Registered Charity no. 1127024
Colchester Baptist Church Report and Accounts for the year to 31 December 2024 Index Pa Statutory and other infomiation Trust8es Report Independent Examiners. Report on the Accounts Statement of financial activrknes Balance Sheet Notes to the Accounts 9-15 8tatutory and other Informatlon Chur¢h address Colchester Baptist Church Eld Lane Colchester C01 1LS Phone, E-mall addroS8 and web-slto 01206 571879 office@colcheslerbaptislchurch.org.uk WWAT.cokhesterbaplistchurch.org.uk Roglstered Charity no. 1127024 Tru$t•e8 - also known as the Olaconats (All have seThed from l Janu8ry 2024 to the d8te olsuning the accounts unless olhernise shown) Lead Minister Associate Mintster Associate Minister Church Secretary Rev Terry Tennens Paslor Lee Mcoade Rev John Pulford Mike Baker Tim Rose Chris Chawian reSned on 31.12.2024 apwinled 1.1.2025 Treasurer Deacons.. William Butcher Lizzie Chingati-Phiri Aymee Isac 1(orou M Darren Greenfield resigned on 17.7.2024 Aileen Okoth Ondtli appointed 1.1.2025 David Gubemu Breada Reade Robin Harbotd Tunde Ikuesan Les* Waldor appointed 1.1.2025 Indendent Examiner• Steve Hunt, ACIB, FNASBM Evetyne Nkirote FCCA,MBA Proporty Trustso The Baptisl UnM)n Corporation Ltd Baptist House, 129 Broadway Didcol. Oxfordshire. OX118RT Bankern Barclays Bank PLC 9 High Street Colchester, C01 10D Solicitors Thompson Smith and Puxon Stable 6, Stable Road Colchester, C02 7GL
Coldiester Baptlst Churth Trustees Report ft>r the year to 31 Dmber 2024 The Trustees present their Annual Report and Accounts for 2024. General Colchester Baptist Church was first registered and located in East Stockwell Street in 1690 and moved to its current location in Eld Lane in 1711. Charles Spurgeon, who became a Christian at the Primitive Methodist Church, attended CBC, was baptised. and preached his first sermon at the age of sixteen. He later founded Spurgeon's College and helped estsblish two hundred new churches. SpurBeon had sufficient resources to provide match fundln8 for our Church Hall. The Grade 11-listed Church, built in 1834. seats around 350 in the sanrtuary. Additional facilities Include a multipurpose hall, smaller rooms. a ministees r(M)m, a lounge, and a youth lounge. The large forecourt engages local shoppers with the 8ood news of Jesus, especially during Christmas and Easter. The Church Is a registered chbrity (Charlty Comrnisslon No. 11270241 and is afflliated with the Baptist Union of Great Britain and the Eastern Baptist Association. Charftable Objert In conformity with its Con5tltution. the principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. to include the advancement of educatlon, communtty service and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine. The Church octuples premises whith are held 'ln Trusy by The Baptist Union Corporation Ltd, as its Property Trustee, Or8anlsatlonal Strurture and decl$lon4nakln8 processes Church membership Is open to anyone who professes Jesus Christ as Lord and Saviour and shows evidence of their falth. Those who have not yet been baptised as believers may join but are encouraged to reflect on New Testament teachings about baptism. Church Meetings are normally held bl-monthly and are responslble for the overall policy and malor decisions of the Churth. In ccordance with the Constitution, members appoint up to twefve Deacons, a Church Secretary. and a Treasurer. They, together wrth the Ministers. are collectrvely known as the Dlaconate and are the Trustees of the Church. They are responsible for the day-t041ay operation of the Church's work and witness, as well as Its flnancial and legal matters. All members are expected to participate in the spiritual and prartical activities of the Church. Relevant matters are submitted to the Church Meeting by the Trustees or may be raised by members in Churth Meeting5 for further consideratlon by the Trustees. Thou8h the Constitution pemits decisions to be made at Church Meetin8s by appropriate majoritie5, the Church seeks to work by consensus wherever posslble. Sèfeguardlng. The Churth implements policies. procedures. trainin& and 5UPPOrt ft)r indlvlduals working with children, young people, and adults at risk of ham. It also ensures that staff and volunteers working with these groups are also vetted through the Di5dosure and Barring Service. Objectfves and Adlvltles The Church's purpose staternent is Yo follow Jesus Christ and make Him known," with the Vision of becoming"a growin& thrNin& nurturing family of God." To achieve this. it offers various artivities for members and the wider community, aiming to demonstrate Chri5V5 love in action and encourage a closer relationship with Him. -Pa8e 2-
Colchester Baptlst Church Trustees Report for the year to 31 December 20Z4 (continued) Sunday Ser¥lces Central to the work and witness of the Church is the provlslon of regular publle servlces of Christlan worshlp. The Church holds regular publlc Chrlstian worship services on Sundays at 10..30 a.m. and twice a month at 6:30 p.m. These SerW feature a blend of contemporary and tradltlonal music and are livestreamed. There is a range of programmes for children and youth during the morning service. The Church seeks to be a friendly and welcoming community. and everyone is welcome to attend any of these servkes. A¢tlvltles Durlng the Week Brlght Sparks". Monday mornln8s for parents and carers wlth preschool children Mld-week toddler group Lunch Club- Monthw lunch in the Church to provide meals, fellowship, and prar for our elderly member5 and friend5 from outside the Church. Badminton and racquet 8roups Board 8ames evenings Imonthlyl Men's and women's sodal groups Unlabelled group. Fellowshlp on the farm. Remix: Youth NS8ht for children a8ed 5 to Il+ Houselsmall Groups meet at ff*mbers' homes and the Church Soclal act5vities such as Church lunche5. group walks, and an annual Church holSday at Slzewell Hall provide opportunitles for member5 to make friends, share fellowship, and get to know one another. The Church Is part of a group of local churches that organises an annual jolnt Pentecost servlce and an annual Free Family Fun Day In Colchesterfs Castle Parl which continues to attract thousands of parents and chlldren. Opon Door The Church hosts Open Door- Colche5ter, an independent charity that uses the Church Lounge on onAays, Tuesdays. WednesdayS1 and Fridays. Here. people meet over a cup of tea or coffee . the Director and volunteers offer a Ilstenln8 ear and provlde advi and help with problems. Use of the Churth premlses by external groups: Colthester Ckty Pastors meet on Frlday and Saturday nights. The 12th Q>lchester Sea Scout Group meet on Wednesday evenings. Nepalese Church worship semce and loln our thlldren's attivltles on Sundays. The Trustees consider that both the Church's Purpose and the activf(ies designed to achieve it, as shown above. comply wf(h the guidance of the Charity Commi55ion on public benefft in respert to the advancement of religion. -Pa8e >
Colchester Baptlst Churth Trustees Report for the year to 31 December 2024 (contlnued) Achievements and Performance AttendanTr at CBCS Sunday service5 continues to Increase, with IS280 people in the congregation each week. The fellowship is international, welcoming families from over twenty Countries, Including Ni8eria, Kenya. Malawi. Hong Kon& India, Brazil, sjth Africa, Malaysia, Ghana, and Romania. The Church's strong Sunday Children'5 ministry continues to attract families. Around fifty children. including twenty teenagers, join Sunday morning sessions. Recently. we had over fifty young people born since 21)JO at the front of the Church, where we thanked God for them and prayed for their future. The young adult group has expanded to approxlmately twenty members: some now serve as Deacons. partklpatlng In leadershlpi preachln& worshSp, fellowshlp. and evange115tic activities. The growth in attendance is in line with the trends within the 8aptlSt Denominatlon and atro55 the country (Blble Socletvs Yhe Quiet RevNal: Gen Z leads rise In churth attendante'l Church membership fell slightly from to 180. although new members since 2020 make up quarter of the membership. Several member5, induding retlred deacons, prominent leaders. and our retired Senior Minister. passed away durlng the past year. Notably, Reverend Rodney Sawtell. who served the Church from 1979 to 2CQ7, was amon8 them. After retiring, Rodney recelved the title 'Pastor Emerltus. In recognition of h55 service and dedication to the Church and faithfulness to hls Lord. We are grateful to God for all those who have left a le8acy through thelr service and those who ontinue to contribute to the life of this Church fellowshlp. Currentlyi there are approximately one hundred members voluntarlly giving their time, skills, resources. and prayers to support over thlrty Church actlvlties, makin8 a significant impact on the Kln8dom. Rellrement of the chUh Secretary The Church extends its heartfelt thanks and deep appreclatlon to Mike Baker for his remarkable, sacrificial service over the past twenty years. Throughout his tenure. Mike has been an extraordinary presence wlthln our Church, 8uldlng us With wisdom, skill, humility, and steadfast dedicatlon. H15 leadership ha5 been instrumental in navigating the Church through times of transition, includin8 the appolntment of senlor mlnlsters and ass¢xiate mlnlsters, always wtth a steady hand and complete confidence that God is in control. Flnandal Revlew The Church continued to ralse the funds It needed to Sustain its activities wlthin its own membership and congregation. In addition to financial sUPPOrt required to achieve its objectives. the Church Is also heavlly dependent upon its members worklng as volunteers In all aspects of its artivities. It 15 good to report that they do this willingly and with great enthusiasm. The flnanclal results for the year, Including the accountin8 policies and the Reserves Policy ol the Trustees, are set out in the accompanying financial statements. The Trustees are satisfied that there are sufficient reserves at the Balance Sheet date, tO8ether with antkipated ongoing income, to enable the Church to funrtion effectively in the coming year. -Pa8e 4-
Colchester Baptlst Church Trustees Report for the year to 31 December 2024 Icontlnuedl Leadership Structure and stsff Lead Minister Ipart-timel.. Reverend Terry Tennens, who oversee5 a senior team of three. Terry joined during the last ministerial interregnum and effectively guided the transition to dynamlc team mlnlstry. contributing to substantlal growth in congregation numbers and a rise in spiritual commitment. Assoclate Mlnlster Ifull-tlmel: The Reverend John Pulford is responsible for our youth, children, families, and pastoral care. Together with his wrfe Rebecca, John organises the annual retreat to SSzewell Hall, where up to eighty members and friends gatherfor worship and fellowship. Assoclate Mlnlster Ipart-timel- Pastor Lee focuses primarily on evangelism and preaching. Lee is also the part-tlme Director of Our Open Door Ministry, a drokFln centre at the Church offering help, support, spiritual guidance, and a listening ear to people in need. Dea¢ons, Offl¢ers, and Staff: Team of ten Deacons and two Officers. reflectin8 the Church's dfverslty In gender, age. and ethnicity. Three young lay preachers are amon8 the Deacons. Staff.. Part-time Church Administrator (Paul), Caretskerl aeaner (Nicolal. and Pastoral Worker for Senlor Citlzens (Rosie) P¥storal Asslstants. MSnlsters and designated Pastoral Asslstants offer pastoral care to Church members and the wider Church community. Future The Mlnlsters and deacons have priorltlsed fve areas of leadershlp for 202S. PrJyer- Prayer Intertessors for the Leadershlp Team and Deacon's prayer trlplets. Ima8lnatlon- Introduce new formats to famify service5 and the sharing of testimonies. Boldne5s- Outreach opportunitles and events on the forecourt. Joylul- Addition of new house groups to study the blble and deepen splrltuallty. Skllful- Youn8 leaders encouraged to preach at servlces. We wlll contlnue to seek God's wlll for our Church. maxlmlsing the opportunltle5 that our prlme l¢xation at the heart of a busy'city" centre presents. To help achieve God's Vislon and purpose, we alm to see more members artNely sepAn8 In mlssion and mlnlsty. enabllng us to grow together. Approved by the Trustees and 518ned on their behalf. TIM Rose Church secretary I September 2025 -Page 5-
Colchester Baptist Church Independent Examiners. Refvrt on the Accounts rt to the Trustees and members of Colchester Ba on the ac¢ounts for the ear ember 2024 set out on es7to16 st Church Res ive res nsibilitw of trustees and exaMer8 The Church's trustees are respK)nsible for the preparation of th8 accourts. The Church's ttustees consrder that an audit is not required for this year. under Section 144 of the Charities Act 2011 (the Chan1 Act). and that an independent examination is needed. tt is our responsibilty to.. examine the accounts under Section 145 of the Chanhes Act: fdlow the procedu$ laid d¢y•m in the general DIrectnS given by the Charity Commission (under Section 145{5){bl of the Charities Act).. and to stats whdher particular matters have (x)me to our attention. is examin Our examination was carried out in accordance with general Dlrections given by the Charity Commission. An exaMinatn indudes a review of the accounting records kept by the Church and a comparison of the xcounts presented with those records. It also includes nsideratlon of any unusual items or disclosures in the accounls and séèking explanalions from Ihe twstees concerning any such matters. The predre$ undertaken do nol provide all the evKlence that would be required in an audit and. consequentty, no opinion is glven as to whether the accounts present a Irue and faiff view and our report is limited to those matters sel out in the statement bebrt. min men In connection wth our examinatn, no material matters have come to our attenlion which gNe8 us cause lo belwe thal in any material resFe¢t'. accounting records were nol kept in accordance with sect 130 of the CharitWd Act the accounts do not w>rd the accounting records the accounts do not comply with the appItsb requirements concerning the form and content of accounts set out in the Charrt$ (Accounts and Reports) Regutations 2008 other than any requirement that the accounts give a 'lrue and fair wevf vthich is not a matter considered as part of an independent examInatn We have come across no other matters in connectjon wrth Ihe examinalion to whth attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed Evelyne Nkirole, FCCA 18 Mascot Square Colchester C04 3GA Steve Hunt.ACIB,FNASBM 36 Wellesley Road Cokhester. C03 3HF Date Date -page6-
Colchester Baptist Church Statement of Financial Acfivitses for the year to 31 December 2024 Not68 2024 2023 Gener•1 fund* EndtyMn•nt lund• Tol•l Total lund$ Incomlng M¢wrce Voluntary income Other incom8 Investment income 197.120 14,348 1.771 198,082 14.348 3.936 167,692 28,129 3.842 2.165 213.239 216,366 199.663 Rosources expondod Charltable activities 203,451 10.429 213.880 232.889 Total resources expended 203 451 10,429 213.880 232,889 Not Incomlng r••ourc•s 9,788 17,302) 2,486 {33.226) Totsl fund• brought foThYarrl 18-20 51. 71,643 235.850 298,OCQ 657,458 690,684 Total funds carrlod fofward 1&20 61.753 64.341 235,850 298,000 659,944 657.458 -page7-
Colchester Baptist Church Balance Sheet at 31 De¢emb¢r 2024 2024 2023 Fixed assels Tangible fixed assets 11 523,000 523,000 Current assets Debtors Investments Bank and cash 12 13 14 10.695 108,267 21,633 138.595 13.780 102.937 20,704 137421 Current liabiliti08 Creditors - amounts falling due within one year 2,3 Net current assets 136,944 134.458 Net assets 20 659 944 657 458 Charltable Fund• Endowment funds Property Fund Restricted funds Manse Fund Building Repairs & & Development Fund Total Designated funds Legacy Fund Motherg & T¢)ddlers Wednesday Fund Holiday Club Fund Lunch Club Fund REMIX Fur Total Unrestricted fund$ General Fund 16 298.000 298,000 17 225,(MJ) 225.000 235,849 235,849 18 67,699 638 654 244 556 69.149 627 615 535 717 69.791 71.643 19 51,966 Total funds 657 458 The notes on pages 9 to 15 fom an integral part of the8e accounts These account$ wer• approved by Ihe Trustees on on their tehalf by and sned Chapman Treasurer Tim Ro Church Stary .page8-
Colchester Baptist Church Notes to the accounts for tho year to 31 Decamber 2024 ountin le a Basi The accounts ar8 prepared in a¢¢tydance wth th• Chafibes Stmenl of Reo)mmended Pradce ICharib"e3 SORP 2015). FRS102 and the Chariti"•s Ac4 2011. Colchestsr Bapb"81 Churth 1$ a wistered chonty. rKJ. 1127024. and meets definItiC of a WLIOC benefit entity under FRSIO2. Assets lialylities are Inlllally rec(xJnlzl at hlst(wkal ccst cr yue unle55 rAherv4lse ststed in the rdwdnt b Donabons r ()0ntn8 are aco)unted for en rKfvd. ac3 Legades ar8 a¢countsd for¥th•n rec8Nod. stm Inve81m8nt incom811 indLhJed in the aLY)xM)ts in thg y•w in it ¢8 re1vable. All exp8ndituro 18 $CUnt0d for on ) aCfJuals t>a8i8. and The Chur¢h does not make formal appè48 for fvnd8 other than within th• Church and •yrKlitur0 on th•8e tt8m8 is thwefore not materiAI. nts The Church Mak grants to other OTganlsalOon$ chiilatJl• obloth compIer1 its work. Thoy are ae¢ounted for in the yearfor whith thay are payab. Thi8 repr89¢nl8 direct expèndllure on th• govern¢• of the Church. M08t of the management 19 ¢8riisd out without d)aTge by volunteers. Thi$ intangibla ¢osl is not knduded in th• Statsment of Financial Activities sinc there is rK mèasura0 o)st to th8 volunteers for I1r servic. s$é 1 The Church'$ freehohj premise8 are induded in ts Balance Sheet 81 cosL 2 Purd)ases of equipment are ¢unted fry a$ fixed as$ets vthern Indidual assets ¢osl £5,000 or more. There has no such expenditure in the year or in recent year5 Any such fixed asset %Uld b• depreaated to Yitfroff the evenly overts ¢<T$e of it¥ estimatsd useful lrfe. recy Depreaation has not been charged on the Churc premi8e8 WLo8, In Ihe opink*n of the Trustees. tlf re8idual value is not less than the Original cost price. k Inve Quoted irwastments are stated at mark•t ¥. AJI oltw investnrt assets are shovm at eo8L l Resa This is set out in Note 2
Colchester Baptist Church Note8 to the accounts for the year to 31 December 2024 (continued) 2 Reserve8 Gen Tnjstees of Charities are under a general al duty not to hoard funds l>ul to use ttrn for the Pufposes of the chanty,. this is part ol the basis under which charrties recerve preferenb'al tsx treatment notabty that they are not subje¢l to Corporal#)n Tax and that they can rVer tax on certain ¢Jona"ons under Gift At"d arrangements. Charlties are now requlred to have a Reserves Policy for most of their funds. The Church's rerve policies are shown bel¢)w- no such Fijlicy is required for the Propety Fund, this being a caprtal endowment fvnd. Recognising the possits'lity that the Church may be required to purchase more than one manse in the future, th& current poli¢y of the Trustees is that the Manse Fund shoukl have a maximum balance of £600,000. Buil in irs & Devel ment Fun renam Fund The polity of the Tfustees is Ihat th8 money in the fund, whth 18 to pmwde finance for agr88d and pos8ibl8 projects, wll be gpenl wthin 5 years of being receNed The policy of the Trustees is that money reoived by this fund - lch arL8es from a¢ies from the eststos of fomier members - wll be spent wrthin S years of bw'ng received. The policy of the Trustees is to have betreen £25,OIXI and £75,¢XJo in tr General Fund ot the end of any accounbng year so as to provNJe a reseth against a sudden drop in the general InMe of the Church. mall f I ted to acknvtt]e of the Church These fund$ are curren Mothers & Toddlers Wednesday Funds Holiday Club Fund Lunch Club Fund REMIX Fund The polw of the Tnjstees is that the Funds wll have small balan¢•s. -page10-
Colchester Baptist Church Notes to the accounts forthe yearto 31 December 2024 l¢tyrtinwll All Val shown kn £ ?14 2023 Total 137.636 29,112 159.7 Xl.718 914 160.e69 197.120 167,W 2023 Total Tolal TrLt 10 10 Chtsllan Totsl 1.197 223 Total 4.370 1.950 15.250 TfA81 3.925 2220 3.W25 Car Ik donth Ll8d H8C48 oIWOr8hGrSrt srt• I1ntal BU Gr 583 1.270 2024 2023 Totsl 3.842 3.842 Tc481 BU LO Tothl 1.771 2.165 2.166 2024 2023 To 104,380 13,128 T¢i•l 1W,482 19,029 MMIMty 1rJJ.482 10,429 Cox( IN(& 81 29 1.197 1270 1.197 E¥tstrAuhnerrt 46.433 8,433 .669 .616 lrtervst Acluoriwl gWnS. Otc 10 10 f2 Inquorrw R•wt 10.429 213.8BO 232.888 2023 Total 9,894 10,894 8MS Wothj Miss C)or 9.4(N) cyo 750 Compassknn IrthMatial Ktmsugl H 434 434 Barnakn T(rtal 250 11 250 434 302TO -p¥11-
Colchester Baptist Church Notes to the accounts for the year to 31 December 2024 {continued) All values shown in £ except where stated OtherSe mlnl 2024 2023 Total 14,613 8.CX)3 22,616 Unre$trKknd 15.323 7,126 Total 15.323 7,126 22,449 AdministralNe staff OtrEr adMlStrati Totsl 8(knIniStrab ¢))st nd Trus 2024 Tcal 117.401 7.795 2023 Total S818rf8$ Social seojrity costs Pension costs Isee alw Nots 21) Contritxjbons to Delln8d Conbfjtxrtth Flan Payments fornr Défin 86nefft Plan Intsresl ¢osl d&frt in fonner Defined Benefft P ACtueri goin$ re def1 in fcrfmer Benefrt P Other o)sts ICoutKI tsK W8tor 8Th1 t818ffi1 6,028 10 12 125,206 105833 Average numbef ofemF4ryfft the Full tsrne wtsrk•rs Part limttwthers 641 No ¥nwloyge r1¥•d onwjhjrnents in ex(ws of £eo,cm duriTh3 th0 18r1202> Th)). And no sums relmbtsrsed to the TrusteeB for their wKrfk 88 Trtote•s (2023. wxl. Egth Minister ofthe Chuf¢h ¥¢ts 0$ 0$ ol ts Tnjstees in p4xudanc8 tmth thè Church's Con$tiluth)n. bul Is not relrnbursed for this work. Each v3 rnrnurated lor hthr 8 Mini$t•r of1 Chur¢h. During th& year. th& •mpl0yrrI costs 8nd benefits of the Ministers w85 £99.PJ)312022- £eJ),7891 No other Trustses were femurwatsd in th• yw12023. ncffle} Churth Mans8 Total Cost Net took va 31 De(mbor 2024 8Th12023 225,C $23.tsJO The Church PTemNs are th8 Ifa in 8d Lor, kKkntr48 of the Church gan and pvws. They are a160 IrK4usNe of the Church's 13 fre¢hok1 car p81k spaces In lh8 Vineyard Street car park, wh re acquired in 1977 at no 9)st the Ina"Ity to pth In Eld La durirrfj the day resuthng from the Fedeslrianis"on d Eld Lam. Mansa Is a house Colcknter pur(a6ed in January 21Th ¥K1 occuy"•d by an Associate Ilirdst8r aThJ his lamity. 12 bt0 224 T(lal 9.&32 1.103 280 10.695 2023 Total 12,912 Totsl 13,780 -P89912-
Colchester Baptist Church Notes to the accounts for the year to 31 December 2024 (continued) All values shown in £ ments h Id as currnnt assets 2024 Total 106,267 1(kS.267 2023 Total 102,937 102,937 Baptist Union Loan Fund Total 14 Ban d cash lance8 2024 Total 21,633 2023 Total 20,704 Bardays Bank PLC ItOf8- amounts lallln ue wlthl 2024 Total 1.651 2023 Totsl 2,963 Accrued charges Deferred income Total 1,6S1 2,963 1 Jan 2024 Inc>)ming Resour ex nded Transfer8 31 Dec 202 Pryrty Fund 298,0 298,000 The ProFwty Fund Yras created in 20( as a resutt of including the Church's propety in the accounts. 17 R•slrl 1 Jan 2024 Incoming resources Resources Transfers 31 Dec 202 Manse Fund Building Repairs & Deveiopmenl Fund Total 225.) 225,000 10,849 235,849 10,849 235,849 The Manse Fund is to provide fvnds to¥Yards the Manse or second mortgage of each Minister. The Building Repairs and Development Fund, is to raise money for specffic projecls approved by the Church Meeting and to pay for such projects. -page13-
Colchester Baptist Church Notss to th• accounts for th• y•ar to 31 Dacomber 20241conlSnuod) All values shovm in £ 01JaTr24 Incoming ResourS Intgrg$1 31 Doc 2024 L8gacy Fth)d Mothers & Toddle Wednesi1ay Fund Holiday Club Fund Lunch Club Fund REMIX Fund Total 69.149 5.450 2.165 67,699 {3351 {181 14511 614 654 244 717 71,319 397 6.412 7.702 2,165 69,791 The Legacy FuThJ is to reNe 0Cl&S frryn Church memb8rs aThJ friends and to spend them wisety. Th8 other deSnated fiJnd8 are th4ty offAIP8. tF 0124 Irb)JmlNJ resourc$ 2{,018 Transfers Interest 31 Dec 2024 nded 203,451 Gerral Fund 51. 1.771 The Gen8ral FuThl bs the rwthnal ftThl of the in most items ol income 8ThJ expendlture are rocorded. ats a Fix8d Net curran asset8 Tolal Proporty Fund R8strl¢ied Fund$ Manse Fund Bullding Repa & Devekwwnt FuThJ Dognated Funds Legacy Fund Mothers & TcJdlt We(Ine8d8y Fund Holiday Club FwM1 Lunch Club Fund REMIX Fund Unrethcied Funds General Fund 298,C 225,0 10,849 10,849 65,534 638 854 244 58.489 136.944 58,469 659,944 Total Gèneral infom)ation The Church is a partiripab.ng empbyer in the Bapb51 pensi Sd)eme flhe Sc,), whith is a sep8r8te legal enbty administerèd by the Penston Twslee {Bapts'st Pension Trust Limiledl. The assets of the Stheme are hekl separatety from those of the Employer and the other part"pa"n9 ernoY¥s. The Sceme. prevlousty ktKJ•m as th¥ Bapli"st Ministers. Pensw)n Fund, started in 1925, but was closed to future accrual of defined beneffts on 31 Debe1 2011. lor lo this date the main benefft provided throwdh the Defined Benefft (DBI Plan vrds a nsiOn of one eMJhtseth of final mir¢imum pensionable incxjme for eath year of PensionalAe Service together with athlilK)nal perwi in of [*"umS paid on P8nsionabl& Income in excess of Minimum pensionab Inc7. .pagè14.
Colchester Baptist Churth Notes to the accounts for the year to 31 tlecembor 20241contlnued) Gèn8r81 ton Iconlmu•Jl Frern January 2012. pensbJn prDvwn i& t•"tYJ mad8 ttwh t D•firMI rcc) pl wthtii th Schoffle. On 30th June 2022 Ihe Boptot PeosJn Stheme an •Jroemenlwth the in8uranr tpaThY &Jst Group rJusfi to 88cure DB PLgn memtrn' baf$ Jusl are prov19 finarKial bad¢wffJ for all pen5iOTh• provKled thrOh the Schwne's OB Plan and fdkM"rvJ this tr8nsaath.ih8 Scheme no lor¥Jèr has a $hortf•ll. An updated Rgo)very Plan wa5 tw sK)nl in knjIt 2022under rew•ry contrth$ from aath partKipaliNJ •mpksy8r In lh& Paln r8durd lo £1 F4f month fvJJgust 2022 The Bapts"81 P8nskJn Sth0rn8 havo that are ddJhtsd to rgw)rt that estimate Schwn8'8 DB Plan has 4 jluS. A8 8 resum.your £1 per m()th ttffltroJb"on$ lo lh• DB PLqn ¢we 8ftertha Odob 2024 rA)nlrft)ution aTrJ your or9arthbon no S>1ger ha5 aTry fvther rts¢lty tMr¢ts the DB Plgn We are very pbased that this h88 twn rribl8 to much earr.and at a mh cost,Ihan anldpat8d. In yMrAI, MinMter8 pay 8% Pen8knMbkn In¢xTh •r#J empljjvs pay 6% Pensionab Income into indfvh#u•l accounts are aTrJ mafiw on behalfol th• Penslon Trustee by BroAd$tono Corporale 8en8fft8 Lld In arljition. ts emplwr pays a luthèr 4% of Ponsionab Income to fxjvor Doaih in Serwco 8enths. adMtstra'cffi c£41s, and an 8ssrtvtwJ Insuranc8 poly which provicJ&s protection fw S¢kne rrfflbers in the th8t •r• unable to du8 lo K)ry.1¥ vup•dty. Thll come prol8thon polw h85 been Insufod by the B8pt¢l Llnbjn ofGwt 8ta wdh Avwa Limti. 8mbors ofth$ BasK S1)n of the Schem raduj 5% OfP•Mb)na Ine4m• and I1r ernptoyern a0 pay 8 totsl of 5% The Schomo ts con8th to be a muhwipk)yv as d•strited in S¥thty128 of FRS 12. Becau It not posSe to allrJut• thè SCI.$ amets liqts"lrts to 8Pgolt pYerS. the ij Kcountsd lor 88 11th8 Scheme w8rB 8 dofkned conirfbutb)n sth•m•. The Minvdlers •ThY bar5 ofth¢ Churth Blaff ore tokth IM Sel•. Tts cJ)stofp•n8knn8 ij d¢lalbJ kn Nots 10. 24 Bank balance8.all repayabk wilh no D•tt6.repdYab 3 month8 notts or r Total 21.633 106,267 127,9)0 20,704 102937 123.641 The Prw¢rty TnJsts& ol Ihg Chw¢h Baptst Unb)n CorKmtr Lhl {wisknJ dwrty nr243s1. whlcth Is controlkd by thB UnN)n CtyJnrJ. ¥lw a rrthrofThe Bapllst Vrwi ol Grnal ar the Eastern Bapi6t loal"0n The ¢hur¢h madè donaty"¢w to th• 8t Hom Mts8h)n Fund aThJ th• Bkls w10j a• w tyjt In Noto 8. Tho Chureh ha8 made o ban to thè B•ptst ikn•)n Loan Fur#J 45 Nol# 13. Th8 Church surports Ihe ch•rty Cen t*Jor. Coklwlor Iregr8t8red charty numbgr 11016751 whth on rts pr•mMs. OFen DI$ cOlI)n requns there to bts a majth of wthb8r5 ofthe Church as TwslJ85. Thg Church madè a to Open Dooras s•t sxrt 8. -page15-