Trustees’ Annual Report & Accounts for the Year Ended 31[st] December 2024 **Contents** |**Trustees Report**|1-14| |---|---| |**Independent Auditors Report**|15-16| |**Statement of Financial Activities**|17| |**Balance Sheet**|18| |**Statement of Cash Flows**|19| |**Accounting policies**|20-23| |**Notes to the Accounts**|24-27| ## **Cirencester Baptist Church** ## **Annual Report 1st January 2024 to 31[st] December 2024** ## **Statutory Information** **Name of Charity:** Cirencester Baptist Church (Sometimes shortened to CBC) **Registered Charity Number:** 1127222 **Registered Address:** Chesterton Lane Cirencester Gloucestershire GL7 1YE ## **Trustees** Mr Matthew Frost (Senior Pastor) Rev Carolyn McCrone (Associate Pastor) Mrs Naomi Shrubsole (Youth and Children’s Pastor) Mr Peter Marrow (Secretary) Mrs Caroline McKemey (Treasurer) Mrs Clare Baker Mr Steve Chandanam (until June 2024) Mr Granville Gray Mr Colin Lawford Dr Michael McKemey Mrs Cate Oxenham (until May 2024) Mrs Clare Hannis Mrs Emily Luckham (until January 2025) Mrs Anna Marshall Mr Patrick Tampkins Mr Ben Fernandez Mr Sam Bartholomew 1 ## **Property Trustees** The Baptist Union Corporation Limited, Registered Charity No. 249635 Baptist House 129 Broadway Didcot, Oxfordshire OX11 8RT ## **Other O�cers** |**Other O�cers**|| |---|---| |Administrator|Mrs Debbie MacGregor| |Pastoral Workers|Miss Ann-Rachel Harwood| ||Mrs Kathryn Macnamara (from 1 June 2024)| |Friday Under Fives Worker|Mrs Stephanie Kingsley| |Facilities Manager|Mr Colin Sayles| |Children’s Pastor|Mrs Elizabeth Glover| |Youth Pastor|Mr Luke Dives| **Bankers Auditor** Lloyds TSB Bank plc Sumer Audit Limited 14 Castle Street Hermes House, Cirencester, Fire Fly Avenue, Glos, GL7 1QJ Swindon. SN2 2GA 2 ## **Annual Report for 2024** ended 31[st] December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. ## **(a) Objectives and Activities** The Charity is governed by an Approved Governing Document (Constitution), adopted at a Special Church Members’ Meeting on the 9[th ] September 2008. This states that the principal purpose of the charity 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 other parts of the world. The Church occupies premises that are held by the Baptist Union Corporation Ltd, on Trusts which are entirely compatible with the above objectives. In order to achieve the charitable objectives which are set out above, the Church provides a variety of activities both to its Membership and to the community generally. The Trustees of the Church have considered and have regard to the Charity Commission guidance on public benefit. The principal activities of the Church may include, but are not restricted to: - regular public worship, prayer, Bible study, preaching and teaching; baptism, as defined in the Baptist Union’s Declaration of Principle; the communion of the Lord’s Supper which is normally observed at least once a month; evangelism and mission, locally, regionally, nationally and internationally; the teaching, encouragement, welcome and inclusion of young people; nurture and growth of Christian disciples; - education and training for Christian and community service; giving and encouraging pastoral care; - supporting and encouraging charitable social action in the United Kingdom and abroad; encouraging relationships with and supporting Baptist and other Christians. To undertake activities as a means of achieving the Charitable Objectives, the church works on its own, or with other churches or groups. The aim is to show the love of Jesus Christ in both word and deed; to bring people into a closer relationship with Him as living Lord; to support and encourage charitable social action; and to encourage relationships with other Christians. Central to the work and witness of the church is the provision of regular public services of Christian worship. These services take place at 9am, 10:30am and 6:30pm. There are also occasional services at other times which are advertised within the church and its website at www.cirencester-baptist.org. Services of a special nature are advertised more widely in Cirencester. There is a full programme for children and young people during the 10.30am service on Sundays. A monthly All Age Worship service provides a choice of involvement and activity for all ages. Each of the Sunday services has its own style to suit the di�ering preferences of the church and community. The church seeks to be a friendly and welcoming community, and anybody is free to attend any of these services. 3 2024 saw a number of changes in the people we see and engage with regularly. Many new people came to join us, some from overseas, some from other places around the UK and some from close by. There were also others who moved on for many reasons including getting involved in and supporting the work of other churches in the surrounding areas. Kathy has been a member and involved at CBC for several years, and we are delighted to have her serving in this role. One key part of her new role is to pastorally support the work in our Wednesday Cafe by coming alongside those who come into use the cafe. This has been a great support to the cafe team. In 2024, Matt Frost (senior pastor), took 2 weeks of sabbatical to pray and reflect away from the day-to-day regular duties of his role. _Kathy (our new pastoral worker) receiving her lanyard_ Much of what we do can happen because of the commitment and hard work of volunteers which we continue to be very thankful for. Around 280 people regularly volunteer across the different groups, services, activities and ministries of the the space we have for the growing numbers, and this is particularly the case when considering the best use of space for the children and young people who attend on a Sunday. YouTube continues to be used by some people to connect live on a Sunday and for others to ‘catch-up’ later in the week. _Worship Team, all-in Thursday (Team building)_ House groups continue to be a core part of the life of the church, by encouraging friendship, enabling the growth of faith, providing pastoral care, and developing relationships with the local community. The leadership of the church recognizes the importance of those who lead these groups and continues to provide training and support of those in these positions. Each house group leader has someone they meet and chat with regularly as pastoral support. This support also provides a forum for discussing plans for individual house groups as well as providing guidance for solutions to any problems. In addition to the pastoral support provided through house groups, leaders of pastoral ministries meet regularly as a pastoral forum, to ensure we are serving and caring for everyone in the church. The mainstays of our pastoral care continue to be house groups and personal relationships. By the end of 2024 there were 21 such groups, comprising some 280 people meeting in various homes throughout the catchment area of the church, namely Cirencester and surrounding villages & towns. We have one group which continues to meet online and has been a great source of support to those who are more vulnerable, those who live slightly further afield, and those travelling with work. The Bible study element of these groups generally follows the Sunday service teaching. All who consider themselves part of the church are encouraged to integrate into the life of a house group. Details of these groups are advertised in the church news sheet. Towards the end of 2023, we began a house group in Fairford. During 2024, this group multiplied and there is now one group meeting weekly in Fairford and one meeting weekly in Kempsford. Both of these groups are also involved in running bimonthly prayer and praise nights in Fairford as well as a monthly Sunday evening service with St Mary’s Church in Fairford. 4 Ministry with Youth and Children on Sundays and in the week has continued to grow. On Sunday mornings many families worship with us, on average about 85 attend each week, but over a have an established monthly music-based worship event called ‘Revive’ which is designed to appeal to young people in the church. This is in addition to the 4 midweek youth & children’s house groups that regularly attract 35 nine to eighteen-year-olds each week. _Youth summer BBQ_ _Some of the kids’ team_ _Youth safari supper Next steps day_ There are a large number of other church activities which provide a means of friendship, encouragement, practical support and growth in Christian faith to all in the church. These cater for special events and regular activities took place during the year to provide opportunities for deepening friendships. In January 2024, the Immerse Messiah Bible reading course took place, following a reading plan through the New Testament over 8 weeks and gathering people each week to discuss what had been read. Furthermore, in February 2024, the church held hospitality Sunday. This involved _Immerse evening group Immerse daytime group_ 5 Our regular groups and meetings include monthly curry club, banner making group, Food for Thought (monthly lunch club for those around during the day), Friends Café (monthly support group for widows and widowers), monthly prayer breakfast, and a weekly prayer meeting. As the church grows, not only in numbers, but also ministry, leadership are increasingly aware of the need to develop, train and invest in new leaders. This happens in a number of different ways from giving people opportunities to have a go at activities and feedback, through training and equipping, and in 2024 a leadership growth community was started. This is a 11-month programme running from September 2024 to July 2025 following a discipleship programme and meeting monthly to explore character and leadership development. _Leadership retreat and planning_ Providing space for Biblical teaching, worship and prayer as well as building friendships and supporting one another is important to the church and in October 2024, a church weekend away was held. This provided a concentrated time for teaching, prayer and worship whilst also giving those attending time and space to get to know one another more. The weekend away was held at the Pioneer Centre in Shropshire and Debbie Forster, (from Bristol Vineyard) was the speaker. _Family fun at our church weekend away_ Our weekly Friday-Under-Fives group runs three sessions every Friday morning during school term time. We run two sessions for parents and toddlers, and one session for parents and pre-crawling babies - called FUFlings. These groups have given encouragement and support to over 362 pre-school families this year. The church employs someone for eight hours a week to help run this successful activity. 6 _Messy Church Light Party_ Messy Church provides ‘alternative’ church for families who are less keen on the formality of Sunday worship or as an introduction or outreach to bring friends and extended family. Its style is relaxed, and activity based including games, craft activities and a shared tea, and is greatly appreciated by those who attend. Our Easter Messy event attracted 156 guests and was run with the help of a team of 33 volunteers. At our Light Party (31[st] October) 242 people came along (of which 137 were children, with 64 of those parents and children linked with FUFs), and a team of 45 volunteers helping before, during and after the event to make everything run smoothly. At our Christmas Messy event we had 191 guests, 107 of which were children, which made it our biggest Messy Christmas yet. We also had 32 volunteers on team. We are very grateful for new people who have volunteered with this ministry and find that Messy Church links in well with other ministries that we run. It’s also a great time to invite friends and families to church. Our two mid-week youth club events (Fusion) cater for those aged 10-16 and are attended by about 85 school assemblies which we run. We are delighted that those assemblies have continued in schools this year and relationships have continued to grow. 11 primary school assemblies take place 6 times a year, and we also share a story in a local pre-school bi-monthly. Members of CBC lead school assemblies and activities in all the primary and secondary schools in the area, sometimes in partnership with other groups such as Open the Book. Kingshill School has termly assemblies with each year group, and we have continued to lead a group called “Inspire” with Year 9s at Deer Park School every Friday during tutor time. This is an optional session that young people choose to attend. We had 27 young people attending by the end of May last year. This academic year our numbers have been much smaller but very consistent with 9 attending each week. We have provided “It’s Your Move” books to Year 6s transitioning to Secondary School and conducted six interactive sessions at the local schools during July. We also provided the “Next Step” book for parents of those starting school (via FUFs and our links with the local preschool). In December it was great to have 4Front Theatre with us for their Christmas show. We invited local schools to attend one of two interactive pan-tivity showings, eight schools attended (818 people) and were delighted to be able to come. _A number of young people have joined teams and are serving across the life of the church_ 7 The church continues to be involved in numerous other community activities. These include Cirencester Pilgrims (football team), the chaplaincy team at Cirencester Hospital, and our Senior church leader continued the Two Pastors in a Pub podcast which has grown in the year to over 600 downloads each month. We also have the Time Out Café which is open weekly on Wednesday Around the Table, a twice monthly board games evening has continued to grow during the year. In 2024, all-day games conventions were again well attended and led to more people attending the regular gatherings. Several members of the Church continue to be involved with Cirencester Home-Start (who have an Cirencester, Fairford and Tetbury Foodbank continues to have its warehouse in the basement of our church building. In addition, many individual Church Members have responsibilities and involvement in a whole range of community activities e.g. people being involved in taking services in local care homes. CBC’s building continues to be used not only by the church but also by many other groups in the throughout the year. We work closely with the other churches in Cirencester. A long running joint involvement has been with the Alpha course, which seeks to help those who wish to explore the Christian Faith. One successful Alpha Course ran in 2024. Also, during 2024 we shared together in a Good Friday service and Walk of Witness through Cirencester which ended with a short service in the marketplace. All the churches in Cirencester worshipped together on Pentecost Sunday at St John the Baptist Church, with our guest speaker from Open Doors. _Banner in the town centre, advertising Alpha_ _Churches together, walk of witness and marketplace service on Good Friday_ _Shoeboxes being packed to send out to Daniel in Romania_ Our concern is not only for people in the church and the local community, but further afield too. We partner with church members (and former church members) working as missionaries in Japan and Lancashire with Teach Beyond, South East Asia with Interserve and the Middle East with Frontiers. In each case, they continue to be supported through mission agencies as we consider that provides them with a more secure support base. We also support missionaries in Bangladesh through the Baptist Missionary Society World Mission. The relationship with pastor Daniel and his churches in Romania has continued. Early in 2024, the Missions Overseas Support Team, hosted a Global Focus weekend including family fun activities, an international meal and quiz, guest speakers from among the missionaries supported by the church and services including updates and prayer for the missionaries. In 2024, we collected shoeboxes to be sent out to Romania where pastor Daniel is working. There were 166 shoeboxes collected and sent out. In addition, 4 church members visited Daniel and his churches 8 The Church expresses its part in the wider Christian community by giving to national and international Christian organisations and societies with aims and objectives compatible with the church’s own charitable purpose. what activities the charity should undertake. The trustees consider that they have acted in the public ## **(b) Achievements and Performance** numbers, but also in less tangible areas like fellowship, support, and encouragement. The Trustees church. Seven people were baptised following a profession of faith in Jesus Christ. We were pleased to welcome 16 new people into church membership. 10 of our members joined our Friends List or resigned from membership; 2 of our members died during the year. On 31st December 2024 the membership stood at 303, which was a net decrease of 2 over the year. We were delighted that 4 babies were born to families in the church and two couples from the church were married at CBC in 2024. _Some of those who were baptised during the year_ The congregation is becoming increasingly ethnically diverse and we are seeing increasing integration with the wider church community. This is welcome and is hopefully also allied to a growth in community, spirituality, and service. Towards the end of 2024 those who volunteer within the life of the church numbered at least 280 (and this says nothing of those who are also serving elsewhere in their local communities). This is a measure of the activities and enthusiasm of the congregation. One way in which we are seeing new attendees integrate into the life of the church is through increasing numbers of people volunteering within the church. _Some of the youth preparing to lead a service_ 9 The weekly attendance at Sunday services has stayed similar to that seen in 2023, being around 450 these people are connected to house groups and are involved in serving on teams and so express continued commitment to the church. Additionally, with some attending services online, we are aware ## _Traditional carol service_ In January 2024, over 350 people took part in the Immerse Messiah Bible reading. Furthermore, in February 2024, over 100 people took part in hospitality Sunday. The Leadership Growth Community currently has 7 people taking part in it. The weekend away in October 2024, was attended by 147 adults and 64 children and youth. We have continued to support Gloucester Outdoor Church, Kings Stanley Baptist Church, Bourton on the Water Baptist Church, Arlington Baptist Church in Bibury and Winston Baptist Church, helping the congregation with practical matters and finding a way forward for the church and its mission. There has also been a growing connection with Stroud Baptist Church, and a partnership with other Christians in Fairford as mentioned earlier in the report. ## **(c) Financial Review** The church continues to raise the funds that it needs to carry on its activities from giving by the congregation and income from letting the building. The generosity of many in the church has enabled us to continue to repay the loans on the new building. The church is dependent on members of the congregation working voluntarily to achieve its objectives. Many of these run with little or no impact on our expenditure. out in the accompanying financial statements. Our total income was £785,896 of this total £491,065 was allocated to unrestricted funds, £294,831 was allocated to the restricted funds and £0 to the endowment fund. Our total expenditure was £630,457. This is made up as follows; £495,529 from the unrestricted funds, £71,616 from the restricted funds and £63,312 from endowment funds. We ended the year with a surplus of £155,439 across all funds. (General fund -£2135) £3,625,292, the current assets of £164,578, the current liabilities of -£204,910 with long-term liabilities of -£450,666. Reserves of £100,030 were held in the unrestricted funds; £30,155 in the restricted funds; £2,923,864 in the endowment fund; £45,244 in the unrestricted fixed asset fund and £35,000 in the designated building maintenance fund. 10 Our reserves policy states that there should be reserves for three months of normal church General Fund expenditure, which has grown to about £125,000 this year due to employing more sta� and increased operating costs. Our reserves at the end of the year stand at £100,030, which is lower than the required level. We will try to increase our reserves over the next few years to the required level. We also have reserves of £35,000 in our designated maintenance account. We note that the Church has current net liabilities of £40,332, for which we will seek to generate the required funds. The principal funding source is donations from the congregation. In February 2024 we held a Gift Day to reduce the loans on our new building. This and regular giving enabled us to repay £229,362 against our main building loan. We bought a manse in October 2024, to be used by our associate Pastor. We refinanced our loan with the Methodist Chapel Aid to fund the purchase of this new manse and to cover the outstanding debt on our church building. lead and co-ordinate the church’s activities. These activities include Sunday services, pastoral care for the congregation and the local community. They encourage the congregation in its life, Christian witness and service. They also help with the running and upkeep of our building. Church expresses its part in the wider Christian community by making grants to national and international Christian organizations and societies, with aims and objectives compatible with the church’s own charitable purpose. systems have been established to manage these risks: - Governance risks – Constitution adopted 09/12/08 outlining procedures for membership; members’ meetings; appointment, role, responsibility, and removal of charity trustees. Operational risks – On-going sta� and volunteer training; Safeguarding policy and procedures in place (Baptist Union Model Policy); Disclosure & Barring Service (DBS) checks of all sta� and volunteers working with children and adults at risk; Health & Safety, Fire and IT policies and Risk Register in place (reviewed & updated regularly); First Aid Courses; Food Hygiene; Adherence to Baptist Union guidelines and consultation with BU advisors on wide range of issues. Financial risks – Financial Procedures Policy in place and reviewed regularly. Generating su�cient funds to repay the long-term loans. - External risks – Regular updates and advice on government policy received from the Baptist Union, the Evangelical Alliance and the Charity Commission. - Compliance with law and regulations - Employer, public and charity trustee indemnity insurance in place and reviewed annually. ## **Going concern** The trustees acknowledge the net current liabilities of £40,332 and the continuing need to generate income to service the loan repayments. Remortgaging the church, taking out a mortgage on the manse, and repaying member loans has reduced net current liabilities. We are also pleased to see that both giving and hire of premises have increased on 2023. The trustees are confident that the charity will be able to generate su�cient income to meet its loan repayments. There is also su�cient capital in the church building to secure against another loan if needed. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. 11 ## **(d) Structure, Governance and Management** The Charity is governed by an Approved Governing Document (Constitution), adopted at a Special Church Members’ Meeting on the 9th September 2008. Those seeking Church membership are accepted into membership in accordance with the Approved Governing Document (Constitution). Church Members’ Meetings are held on at least 4 occasions in the year. In 2024 we held six in person meetings with the option of attending on zoom. At these meetings, the Members seek to discern the mind of God for the overall policy and a�airs of the Church. In accordance with the Constitution, the Members appoint Trustees, both Elders and Deacons. Together, Elders and Deacons, the Ministers, Church Secretary and Treasurer (who are also appointed by the Members), are responsible for the day-to-day running of the Church’s work and witness, and the financial and legal aspects of the charity. Trustees, both men and women, must be baptised Church Members securing the support of at least 66% of the Members voting by secret ballot at a Church Members’ Meeting. Apart from the Ministers (also Trustees), they are appointed for a period of 3 years, subject to the on-going support of the Church Members’ Meeting. Trustees meet at least bimonthly to consider the a�airs of the Church. All Members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objectives. Relevant matters may be submitted to the Church meeting by the Trustees for consideration or may be raised by Members in Church Meeting for consideration by the Trustees and Members. Though the Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible. established to manage those risks. The remuneration package for ministers (classed as key management personnel of the charity) is based upon BUGB guidelines and national agreements made between BUGB and HMRC, and also takes account of existing historic arrangements with individuals. Remuneration will be reviewed annually each October/November for inclusion in the budget. Recommendations will be made by the Finance Team and authorised by the Trustees. 12 ## **e) Future Plans for 2025** - To continue to develop spirituality, friendship, hospitality, and care among our members. To welcome new people into the life of the church, and to reach out to our local communities with the good news of Jesus. We expect the church to continue to grow in numbers. To continue to o�er online services and gatherings. - To maximise the opportunities of our church building to welcome and serve the local community and share the gospel. - To increase the number of house groups and also house group leaders - To strengthen our supportive relationships with smaller churches in our area - in particular Kings Stanley Baptist Church, Stroud Baptist Church and Arlington Baptist Church (Bibury) To continue to explore the possibility of further connections into areas particularly to the east and west of Cirencester - To strengthen the role of the local cluster of Baptist churches in the Cotswolds. - To deepen CBC’s ministry to young people and schools in the area including Cirencester College. To seek opportunities to serve those in need in the local area. - To encourage people from our church to serve and support those who are overseas – and to encourage people from CBC to consider going overseas to serve for medium to long term. To continue to provide a space for part-time interns to work with the church and to grow in their gifts. - To welcome and encourage students at the local Royal Agricultural University. - To identify and invest in the development of leaders particularly with church planting/satellite church in mind Intentionally grow the Sunday 6.30pm service – in part to reduce space pressure in the morning services. - To seek to develop integration pathways for those newly connecting with the church. To seek to pay o� an increased amount of loans on the building - To run a Marriage Course, Freedom in Christ Course and Alpha Course during the year To run a youth alpha course ## **(f) Trustees' responsibilities statement** accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). statements for each financial year which give a true and fair view of the state of a�airs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2019 (FRS 102); make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 13 Fund-Ralslng Stsndards Informatlon: The Charlty doe5 not employ a professional fund-raiserlcommercial participator. The Charity or any person acting on behalf of the charity was not subject to an undertaking to be bound by any person voluntsry scheme for regulating fund-raisin& or voluntary standard for fund- raising In respect of acdvltie5 on behalf of the charity. We dld not directly monltor activities carried out by any person on behalf of the Charity, for the purpose of fund-ralsing. No complaints were received by the Charity or a person acttng on its behalf about activities by the charlty or by a person on behalf of the Charity forthe purpose of fund-ralsing. We do not actlvely fund-raise outside of our church buildlng, Collections at each service are stressed to be on a purely voluntary basis and more directed at regutar members and attendees. (g) Audltors The auditors, Sumer AudFt Limited, will be proposed for re-appointment at the forthcoming Annual General Meetlng. (h) De¢laratlon The trustees declare that they have approved the trustees, report above. signed on behalf of the charitys trustees: Signatory Full Name Peter Marrow Caroline McKemey Position Church secretary Church Treasurer Date ItIs115 14 ort of the In errt Auditors to the Trustees of Cirencester Ba ts-st Church Opinion We have a￿1rted the financial ststeN￿r1ts of cIren￿ster Bapbst Church (Tr 'charty} ts the yew eNkd 31 Decernt￿r 2024 which cotry)ri5e Ihe Statement of Financial Acbvrties, Ihe B￿an￿ Sheet ar)d rntes to the fin￿Cial statements. induding a summary of shjnrficanl acc(xJnlThJ txAicÈs. Ther￿a￿l￿ reKK)rb"rKJ fran￿1* that has t￿en aP￿led In their preparatson is aFVuble law arwj United KirK¥j￿ Accounb"rKJ sL￿dards {Unrted KWM Gwaty Accepted AcC￿ntIng P￿ts"ce). In our cynicffi Ihe finanaa statements.. give a Irue aThY fair view of the stale ol the chaniys allair5 as al 31 Dttemter 2024 aThJ or rts 1￿C￿1ng reswrces arKI applicalK)n of reswrces, TCK the year then en(leO" have been prtyety pwared in acc(x(lance with Unrted Generalty Accepted Acc(MJnlirrfJ PTrth'ce". have been prEpared in ￿C￿dance the requiremwts ofthe ChJTtie5 Act 2011. Basis for opinlon We coTh1ucted our a￿]1[ M accfjrdance wth Interna￿a standarts ￿ ￿j￿"r￿j IUKI IISAS {UKII aTrJ awlicat4e law. O reswnsibililEs uThJer I￿)se standards are Djrther tjescribed in Ihe ALhJrtors' res[¥)￿bilI￿S for the audrt ol the fina￿￿91 statements sectKsn of ujr reF4)rt. We are iThJeFendenl or the charity in accordance wrth the ethical requireffEnts that are relevant lo ujr a￿11 of the fftnan￿al statements in the UK. ir￿lUding Ihe FRC'S Ethical Standard, and we have ftjiniied o otherethical resFonsibi1rt￿S in acccKdance wrth these reqjirements. We b￿￿VethatIhe a￿lte￿den￿ we have obtained is suffic￿nt arKI apprcwate lo prD¥￿e a basis for our opinion. Conclusions relating to going eoneem In audibng the financkil statements. we fwe Cond￿ that Ihe tnsteeg use of the gomg concem bass of acco￿￿"￿ in the Wep￿*"On ofthe fin￿CHI ststements is aFprowate. Based on the wcrfk we have perfoff￿. we have hJentsf￿1 any mate￿￿ uncertainks reLats"ThJ to events cf coThJits"ons thal, inoividualty ￿ cclbeth"vety, may cast signfficanl ¢J)Jbt on Ihe chanws a￿"lity to conts.nue as a cOr￿M br a penc￿1 olal beasl Iwelve m￿th$ frcffi vthen financia stalements are aJthC(￿ed for issue. (Xjr respNistsilrties res[K￿lDI1￿￿S of the tnJ5tee5 re5Fect lo ￿Ing ccncem are descrtsj n the relevanl sethoThs ofthis rew¥t other infomiation The Injslees are resFonsI￿e lor the other inloThnab"on. The Ot1￿ infom)atK)n coMpY￿eS Ihe m10m￿tt.0n Induded kn the Annual Rem Olher than the financ￿1 stslenmts and our ReF*Nt or the Indepth1ent ALhlrtors I￿r￿. r ¢wnicffl the ffiancial statements ¢kns Tr)1 coverthe other Informal￿n aThJ. excetrt to Ihe exlenl otheM"se explicty stsled in cdjr repNI. we ¢*) nol express any to￿ Orassu￿Ce ccnchJsDn Iherecm. In (j)nnect￿ wth OUT aLKltt of the statefTEntS. OUT ￿t)lItty ￿ to real the othei irrfDrmatK>n arKI. in (k)￿g so. consider whether Ihe other inf(xmatTh is matenaly Incr￿sistenI vthh the firwicial statements or (xjr knovAedge obtained In Ihe audrtorothemse apK*ars lo be maten.alty nmsstated. Wwe R1entsty￿th materia inconsistencies orapp￿ent material misslalements. we are requred to detemiine whether this gives nse lo a malenal misstatement in the financknql sLiterr*nts themselves. 11. based on the wcffk we have Ferfcymed. we condLhJe that there i% a m*eriai mtsslatenMI ol Ihis olher inlofftalKfft. we are required lo report that lacl. We have Th)thing to reF*NI in th￿ regard. Matters on vthich we are required to report by exception We have Th)thing lo rewrt in respect of the folowirrfJ matter5 %there the charrt￿s (Accounts and Rep￿s) Regu￿b.(￿S 2CK18 requires us to report lo y(MJ rf, in (xjr opinion." the lnftxTTHb'(￿ grven in the Rewrtofthe Tnjstees 15 incor￿lS￿ent in ary matetial finaaal statements., ffic￿l &counb"ng recor(Is have mt Iwi ketA" or the finanaal statements are ncrt in aJreement wrth the accounb.ng reC(￿ts aThJ retuffs" or we have nol received all kne in10m￿tt"0n and eXyanath￿s we require lor our audrt. Responsikn"lth"es of trustees As eX￿aned rnC￿e Tulty in ￿ Slalement ot Trustees. Resp￿&bi1rties. the Iruslees are rry0￿ble Tor Ihe preparalp)n of the fi￿n(la1 ststernents thich gwe a true a￿1 fairview, and ts such inlemal C￿tr(￿ as trustees (klermi￿ 15 necessary to enable the Fwatkn'on of financial state1T￿ that ate free trom material misstatemen( whether due to fra￿1 or etr￿. In preparlNJ 1he financia sLitements. the tmslees are resrKM)siNe assessiro charitys atxllty to cCfitin￿ as a ￿Ing concem. disck)sing. as applicable. matters related to ￿1r￿j concem and usirKJ ￿ goir¥J concem basis of aCC￿nb"r￿j unless ts truslees intthj to I￿uldate the chanty tr) ￿ase operats"orts. ￿ have rn realists"c altemalve Lmrt to do so. 15 rt ot the Ind ndent Audrtors to the Trustees of Cirenc￿ter Ba "st Chureh Our r•sponsibilrti•s forth• audit of th• finan¢ial stat•m•nts We have been app￿￿te(l as a￿litOrS under Section 144 of the Chanbes Ad 2011 a￿1 rewrt in a((￿d￿ce vAth Ihe Ad and ielevant r8Julalions male 01 havir¥J eltect Iheteunder. rcrt)jeC￿"VeS are lo crt)tain reasonabk assurarte a1X￿l￿el￿ Ihe financkgl stslements asa wwe are Tree trom mater misstalenML wtEther due lo fraud lx error, aThJ to L8sue a Rep)rt Indepetwjenl thjitors that incl￿$ our wn1(￿. ReasonaL4e asgjrance is a huh level of assuran￿. bJt is wv)t a guardnlee that an ajdit corthctefl in ￿(0[dance wrth Is￿ IUKI will aw detect a matenJ misslate￿￿nt vthen rt exLsts. Misstatements can awise fr(xn trdud or errDI arKJ are considerEd Mater￿ ff. INJIWth￿ty or in Ihe aggregate. they ci)ukJ reaS¢￿abty be expec￿ to in1k￿￿ Ihe ecorKxnic deus#)ns of ￿9￿$ taken on the bass of lh￿ financia statements. Irregulath"es, InclLNJlng fra￿J. are lnStsr￿eS ol tw)n-conwliance wrth IM aThJ regukllons. We Pr￿ethjreS h Ilne wrth our respxJnSitM'Irt￿5. outh'r￿d aLK)ve. to deled malenal misstaletnents in resp*d of irregulanties. induding fra￿J. The extent to ￿1(￿ (xjr F￿0Ce￿All￿5 are Capab￿ ofdetectng vregulath"es. IrKI￿Ar￿j tra￿1 is i*ts"laJ bekmf." Based on wr underslan¢YirrfJ of Ihe charity and the iTrJuslry, we idents.fied Ihat Ihe pnnapa risks of non-ccrfnFAiance wrth laws aThJ regul*o)s related to health aThJ safety, enWoYn￿l law, and Chanty Law, and we consitsred extent to which ￿.Co￿vIla￿ce mNJht have a material effect on the financHI State[￿lts ol the charity. We akn consi(*red IJK)se laws aThJ regulatr￿S Ihat ha￿ a direct unpac1(￿ ts preparatmxi ofthe finama staleN￿nIS such as Ihe chant￿ Ad 2011 aThl taxats.on leg￿a￿"on. We ev￿￿ed Mar￿e[MrS mcentives anrj OppOrtunrt￿ lorfra￿￿enI nwiipulabon crf the [manc￿l slalements (including the risk of cverride ol controtsl arNJ detemned that the pnnapal rbsks were rdaled lo reverNJe rec0gnth"(￿. ovewride. w'ng a)n￿[n. rnanage￿￿nt tM'a5 in accounts'￿ esb"tnates arKljudgemental areas of Ihe financia statements such as the deFKea"alK)n wmicy and vauath.￿ of (Jeb1￿. A￿1[[ FXK)cedures WO￿ned try the au(11 engaJe￿￿nt tearn induded". discussKKB Man￿eMent. indwjiro CC(sw*ratK￿ ol cf su¥ected In$￿ceS ol rth-ccfflpl.ance laws and regulab"¢J)s arNJ fraLNJ,' urKJer5tanding arKI review d marbage￿￿￿ts intemal cl￿ desur)ed to p¥event aKI detect vregLlaibes. aThl tra￿1. remew of minutes of the Twstees meets"ngs" pertorming an￿Yb"cal p1rKedu￿S to Kjenlty any unusua or ￿expeCt￿ [dabO￿h1p5 Ihat might irM1icate of material misstatement due to traud". review of financ￿1 statements ¢J"scl(6wes lests.ng lo suFwts"ThJ documentalKn to assess c(4nF4H￿e wt rdevant laws aThJ regu18tKK￿ dtscussed aLK>ve". enquiritvj of the Ttustees atxxrt actual arKJ polenb.al lrtvJats"1￿ atKI claims" testiThJ trdnsacb.ons entered into (xrtsKJe ofthe normal course of the chantys tmjsiness" i(Jenb"tying anu testing Jcwmal entries, in partialar any joumal enln.es th tra￿￿ charactwisty"(s such ￿ MJm* v rwThJ numbers. There *e inherent limitalK*￿ aLK*t pr￿dureS desc￿￿ aLy)ve and the furt￿ removed ￿￿-C(￿lIan￿ with law5 a￿1 regul*.￿5 is from the events aThJ the trarlthK￿S teftected In the financkil stslemenls. the kss likew we t)ecome avrdre of rt. Als). the risk of mt detectir¥J a material misstatement due to tra￿1 is h¥Jher than the risk of ￿1 delecb"ThJ ore resulb.ng from error, as trau(J may involbE delitrErale concealment ty. for exampk, for9ery or inlenlm misreFYesentsts"orts. or ltswjh ccluwn. A further descwiption of oui les￿n￿bil￿.es foi the au(Jrt of the financd staterTEnts is locat￿] (￿ Ihe Financial Rewrts"rvJ C￿1n￿l'S websrte at w4w1.trc.org.ukla￿0rS[es[￿Si1XI[ties. This descri￿.0￿ [￿nS part of RerK)rt of the IndepeThlent A￿litorS. Use of our report Thi5 repxJt is ma(* sokly lo the chafws trLtstees. as a in aett￿dance Part 4 of the Chariti'es IAccoJnts aThJ Rep(xtsl Regulab"ons 2008. (Xjr audrt w(xk has t￿1 urK*rtaken ￿ that we might stale to the charty's trustees those Matte￿ we are required to state to them in an a￿1￿0￿. retxrt and [(￿ no other purrx)se. To the ful*st extent ￿rmitt￿l by law, we tts not ac￿pt or ¥)swne resFw6ibilty lo we other than charity aThJ the charity's truslees as a Ixo¥, ouraudrt th. ts ths re[￿Yt. or lor the (v"Ncns pve Tom￿d. Sumer ALwJrtco Li￿lIed stalutory A￿1[[(￿5 Eligible to ad as an a￿lItOr in tenrs of Seth"on 1212 oflhe Coryjanies Act 2[ hJhO LIA4 Ftre Fty Avenue S¥￿'[W]0n Wittshire SN2 2GA Date. 1e405r2025 16 O ciL 80 3 IL￿ o)tt z￿Z 17 00 ¢DvNO I l El&i155? 5 111 L>CJ&w L)VV 18 (Yj¢0￿(￿0)- (Dts) co (Sjf iJ v uuj >cc 19 Ciren¢ester Baptist Chur¢h Notes to the Accounts Year ended 31 12 2024 Accounting Policies General information and Basis of Preparation Cirencester Baptist Church is an vnincorporated charity. The address of the registered office and the nature of the charity's operations and principal artivilies are given in the trustees, annual report. The charity constitutes a public benefit entity as defined by FRS 102. The financial Statements have been prepared in accordance with Accovnting and Reporting by Charities= Stalement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice. The financial statements have been prepared io give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. Thi5 departure has involved following the Accounting and Reporting by Charities= Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with tho Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities.. Statèment of Recommended Practice effècFive from l April 2005 which has since been withdrawn. The financial statements are prepared on a going concern basis Under the historical cost convention, modif led to include certain items ai f air value. The f inancial statements are presented in sterling which is the f unctional currency of the charity and rounded to the nearest pound. The signif icant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applièd to all yèars presentèd unless otherwise stated. There are no significant areas of judgements or key sources of estimation uncertainty. Goin concern The trustees acknowledge the net current liabilities of £40,332 and the continuing need to generate income to servico the loan ropayments. Remortgaging the churth, taking out a mortgage on the manse, and repaying member loans has reduced net current liabilities. We are also pleased to see that both giving and hire of premises have increased on 2023. The trustees are conf ident thal the charily will be able to generate suff icient income lo meet its loan repayments. There is also svff icient capital in the thurth building to secvre against another loan if needed. The trustees consider that there are no material vncertainties about the Charity's ability to continue as a going concern. al status The charity is an unincorporated trust constituted by its governing document. 20 Income All incoming resources are included in the Statement of Financial AcFivilies ISOFAI when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received. For donations lo be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred Until those conditions are fully met or the fulf ilment of those conditions 15 within the control of the charity and it is probable that they will be f ulfilled. For legacies, entitlement is taken as the earlier of= the date on which the charity is aware that probate has been granted. the estate has been finalised and notification has been made by the execLrtorlsl to the Trvst that a distribution will be made; or when a distribution is received f rom the estate Receipt of a legacyi in whole or in part, is only considered probably when the amount can bo measvred reliably and the charity has been notified of the execvlor's intention to make a distribution. Where legacies have been notif led to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingènt asset and disclosed if material. Income f rom trading activities includes income earned f rom f undraising events and trading activitios to raise funds for the charity. Incomo is received in exthange for supplying goods and services in order lo raise funds and is recognised when entitlement has occvrred. Interest income is recognised using the effectiv8 interest method and dividend and rent income is recognised as the charity's right lo receive payment is established. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred. Grants payable The church makes grants to individuals and other organisations whose tharitable objectives complement its work. Where Unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expecFation that the recipient will receive the grants. Where granls are conditional relating to performance then the granl is only accrved when any unfvlf illed conditions are ovtside of the control of the charily. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligution committing the charity to that expenditure, it is proba ble that settlement will be required, and the amovnt of the obligation can be measured reliably. All expenditure is accounted for on an accrual's basis. All expenses, inclvding support costs and governance costs, are allocated or apportioned to thè applicable expenditure headings in the statement of f inancial artivities. Irrecoverable VAT is charged against the expenditure heading for which it was incurred. 21 Volunteers Most of the management is carried out without charge by volunteers. This intangible cost is not included in the Statement of Financial Activities since it is not practical to measure the value of the volunteers, time. Funds Unrestrided funds comprise general funds which the church can vse for ordinary purposes, and designated funds which the church has allocated to particular purposes. Restricted funds represent monies received or invited by the church for a specific purpose. The funds may only be expended on the specific purpose for which they were given. Transfers from the general fund to restricted funds occur when the expenditure on the restricted fund has exceeded the income. The endowment funds represent the valve of bvildings owned and used by the chvrth. In the opinion of the Trustees the endowments are expendable, but the thurch may not sell any of its property without the express permission of the holding trustees, Baptist Union Corporation. Employee benefits The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. Current assets Amounts owing to the charity at 31 st December in respect of fees, rents or other income are shown as debiors less provisions for amovnts that may prove vncollectable. Cash at bank and cash in hand includes cash and short term highly liquid investmonts with a short maturity of twelve months or less from the dale of acquisition or opening of the deposit or similar account. Current liabilities Creditors are recognised where the charity has a presenl obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated relia bly. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. Loans and borrowings Loans and borrowings are initially recognised ot the transaction price including transaclion costs. Subsequentlyi they are measured at amortisèd cost using the effective interest rat8 method, less impairment. If an arrangemenl constitutes a f inance transaction it is measured at present value. Financial risk management The charity has minimal exposure to customer credit risk, liquidity risk and market risk. Please refer to the risk section of the truslees. annual report for information on how risks are managed. The charity does not havè any non-basic financial instruments. Tangible fixed assets Tangible fixed assets are record8d at cost and depreciation is calculated to write off the cost, less eslimated residual valve over their expected useful lives. Fixed assets costing more than £200 are capitalised. Cost inclvdes costs directly attribvtable to making the asset capable of operating as intended. Depreciation is provided at the following rates on a straight line basis= 22 Freehold Land Freehold Buildings Complrters and other electronics Furniture and fittings 259/0 Tax The charity is an exempt charity within the meaning of schedvle 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax pvrposes. 23 Notes to the Accounts (continued) |**2 Donations and legacies**
Offerings & donations
Legacies
Tax refunds|**Unrestricted**
**Restricted**
**Endowment**
**2024**
**2023**
£
£
£
£
£
317,815
240,140
0
557,955
450,054
11,467
0
0
11,467
0
66,802
51,254
0
118,056
98,999| |---|---| ||396,084
291,394
0
687,478
549,054| ## **2a Donations from Trustees** Total donations of £66,372 were received from trustees. These donations were all given without conditions. Trustees also donate via church plate collections. These amounts are not recorded separately ## **2b Related Party Transactions** Total donations of £36,465 were received from close family members of trustees. These donations were all given without conditions. They may also donate via church plate collections. These amounts are not recorded separately There were no other related party transactions. |**3 Income from investments**
Bank interest
**4 Expenditure on Charitable Activity**
Ministry
Total employment costs and expenses
Visiting preachers
Mission/outreach
Grants payable
(see note 5)
Junior Church (Youth & Children)
Leader training/conferences
Youth Club
Friday Under 5s
Young Adults/Singles outreach group
Ciren Pilgrims (football team)
Jess Price - support as Pastoral Assistant
Help Fund
Women's Conf - to aid Christian mission to women in the UK
Space for You - to aid Christian mission in UK
Around the Table Games Group
Immerse Bible Reading Programme
Church away weekend
Establishment
_Church_
Heat, light, insurance
Repairs/maintenance
Depreciation
Loss on disposal of Fixed Assets
Thank you cost to Baptists Bulding Fund
Interest Payable on Building Loans
Other Costs
_Manses/cottages_
Rent, Council tax, broadband and water
Legal and professional fees
Repairs/maintenance
Support Costs
Administrator employment costs
Facilities Manager employment costs
Pension - Interest cost
Pension - remeasurement
Equipment
Printing/Stationery
Subscriptions etc
Postage/Telephone
Miscellaneous
Governance Costs
Auditor's remuneration
Other professional fees (Quinquennial Report)
Total Charitable Expenditure|**Unrestricted**
**Restricted**
**Endowment**
£
£
£
183,913
0
0
1,204
0
0|**2024**
**2023**
£
£
6,036
4,845| |---|---|---| |||6,036
4,845

**2024**
**2023**

£
£

183,913
155,565

1,204
2,821| ||185,117
0
0
52,003
22,661
0
5,934
0
0
4,809
0
0
0
5,513
0
6,198
3,189
0
0
0
0
254
0
0
0
50
0
0
1,013
0
0
0
0
0
226
0
0
1,356
0
0
861
0
26,359
0
0|185,117
158,386

74,664
89,277

5,934
11,860

4,809
3,672

5,513
6,567

9,388
9,146

0
332

254
1,316

50
0

1,013
3,549

0
1,967

226
74

1,356
320

861
2,629

26,359
2,629| ||95,558
34,867
0
130,425
126,548
31,978
0
0
31,978
22,163
564
0
0
564
28,046
10,074
5,000
61,812
76,886
71,149
0
0
0
0
0
0
0
1,500
1,500
1,500
0
17,638
0
17,638
21,436
26,343
0
0
26,343
27,214
44,388
0
0
44,388
44,320
6,568
14,111
0
20,679
0
0
0
0
0
0|| ||119,915
36,749
63,312
219,976
215,828
27,312
0
0
27,312
24,173
38,484
0
0
38,484
38,974
0
0
0
0
0
0
0
0
0
0
2,440
0
0
2,440
5,666
4,803
0
0
4,803
3,748
7,965
0
0
7,965
6,532
551
0
0
551
1,073
3,082
0
0
3,082
1,577
10,302
0
0
10,302
9,424
0
0
0
0
0|| ||94,938
0
0
94,938
91,167|| ||**495,529**
**71,616**
**63,312**
**630,457**
**591,930**|| 24 |Notes to the Accounts (continued)
Staff costs and Trustees expenses
Salaries - Gross salary
Social security costs - employers national insurance
Pension - employers contributions
Other employee benefits - rent
Other costs - council tax, water, broadband
Total|**2024**
**2023**
207,768
182,297
12,321
9,718
23,754
20,739
35,644
36,472
8,744
7,848| |---|---| ||**288,231**
**257,073**| The average number of employees during the year was 10 (2023: 9) No employees received emoluments in excess of £60,000 (2023 none). ## Trustees Remuneration The following trustees (who are also classed as key management personnel) are remunerated by the church for their role as Pastors. |Mr M Frost
Rev C McCrone
Mrs N Shrubsole
Mr M Frost
Rev C McCrone
Mrs N Shrubsole
Mr S Chandanam|**2024**
**2024**
**2024**
£
£
£
gross salary
employers pension
contributions
Other employee
benefits
38,726
4,647
13,773
35,062
4,207
9,115
26,571
3,189
12,756| |---|---| ||100,359
12,043
35,644| ||**2023**
**2023**
**2023**
£
£
£
gross salary
employers pension
contributions
Other employee
benefits
35,884
4,306
13,200
23,288
2,795
13,010
24,621
2,955
10,262
27,634
3,311
-| ||111,427
13,367
36,472| ## Other employee benefits include amounts paid as rent Two Trustees, who are also employees, live in housing leased by the church from themselves and their spouses. One trustee, who is an employee, lives in a house rented/owned by the church. No sums were reimbursed to the Trustees for their work as Trustees (2023 none) No Trustees were reimbursed expenses (2023 none) ## **Pension costs** Pension contributions are paid to defined contribution schemes on behalf of three of the ministers, youth worker, children's worker, the administrator, the facilities manager, and 2 pastoral workers. The total pension cost for the Church to the defined contribution schemes was £23,922 (2023 £21,246) No contributions were outstanding at the Balance Sheet date. ## **5 Grants Payable** |WEBA Home Mission - to aid Christian mission in the UK
BMS World Mission - to aid Christian mission worldwide
The Coes – to aid Christian mission in education (Teach Beyond)
D & J Parker - to aid Christian mission worldwide (Interserve)
Pastor Daniel – to aid Christian mission in Romania
Samaritans Purse - Shoebox Appeal
Jess Price - support as Pastoral Assistant
Tear Fund - to aid Christian mission and disaster relief
Churn Project - to support vulnerable & marginalised families in Cirencester
Open the Book - to aid Christian mission in UK primary schools
Jethro Kingsley - to aid Christian mission in Japan (Teach Beyond)
Hattie Mitchell - to aid mission in middle east
Teach Beyond - to aid children's education around the world
Sat 7 - to support radio broadcasts to the Middle East
Cirencester Signpost
Other
8 of these grants were made to organisations and 5 to individuals
**6 Auditor's Remuneration**
Audit of the financial statements
**7 Debtors**
Accrued income
Prepaid Expenses
Trade debtor
**8 Creditors- Due in less than a year**
Accruals
Other creditor
Loans due less than one year:
BUC main loan
Methodist Chapel Aid Property Loan
BBF Loan
Member loans|**Unrestricted**
**Restricted**
**Endowment**
£
£
£
15,109
0
0
5,778
3,290
0
15,250
2,950
0
6,052
3,118
0
0
3,812
0
0
0
0
0
0
0
0
4,373
0
250
0
0
500
0
0
1,295
0
0
5,396
0
0
0
843
0
0
1,484
0
0
224
0
2,373
2,568
0|**2024**
**2023**

£
£

15,109
14,000

9,068
13,078

18,200
19,656

9,170
12,977

3,812
2,716

0
28

0
75

4,373
0

250
250

500
500

1,295
4,288

5,396
6,900

843
0

1,484
0

224
146

4,940
14,664| |---|---|---| ||52,003
22,661
0|74,663
89,277| |||**2024**
**2023**
£
£
10,302
9,424| |||10,302
9,424| |||**2024**
**2023**
£
£
8,901
8,120
3,402
3,450
4,607
4,141| |||16,909
15,711| |||**2024**
**2023**
£
£
19,115
25,563
0
0
0
46,322
50,795
15,000
15,000
120,000
170,000| |||204,910
256,885| The calculation for the loan amounts due in less than one year is based on the minimum level of repayments required. 25 **9 Secured liabilities** The loans are secured against the church building and manse. Notes to the Accounts (continued) |**10 Fixed assets**
Tangible Fixed assets
Cost at 1st January 2024
Additions
Disposals
At 31st December 2024
Accumulated depreciation at 1st January 2024
Charge in year
Disposals
NET BOOK VALUE
At 1st January 2024
At 31st December 2024
**Properties**
The properties owned by the church are the church building in Chesterton Lane GL
**11 Funds**
**Movement in funds**
**Restricted funds 2024**
Property Fund - see analysis below
Property Fund - manse net book value less loan
BMS World Mission - to aid Christian mission worldwide
The Coes – to aid Christian mission in Germany (Teach Beyond)
D & J Parker - to aid Christian mission worldwide (Interserve)
Romania - to aid Christian mission in Romania
Pastor Daniel – to aid Christian mission in Romania
Youth Club
Seeds of Change Women's Conference
Teach Beyond - to aid children's education around the world
Cirencester Food Bank
Friday Under 5s Toddler group
Young Adults outreach group
Help fund - providing financial support for those in need
Youth mission - to aid Christian mission worldwide
Sat 7 - to support radio broadcasts to the Middle East
Tear Fund - to aid Christian mission and disaster relief
Immerse Programme
Space for you - to aid Christian mission in UK
Children in Need
Comic Relief
Ukraine Support during crisis
Around the Table - Board games group
Signpost - Supporting people in Cirencester
Other
Total Restricted funds
Property Fund - detail
- Donations and Grants Received
- Gift Aid
- Income from Fundraising events etc.
- Capital Repayments
- Loan Interest
- Manse Buying Expenses
- Fundraising costs
- Transfer from General Fund
All restricted fund assets are held in cash at bank or on deposit with the Baptist Uni
The purpose of each restricted fund is described in the name given to the fund as li
**Restricted funds 2023**
New Building Fund - see analysis below (now called Property Fund)
BMS World Mission - to aid Christian mission worldwide
The Coes – to aid Christian mission in Germany (Teach Beyond)
D & J Parker - to aid Christian mission worldwide (Interserve)
Hattie Mitchell - to aid mission in middle east
Romania - to aid Christian mission in Romania
Pastor Daniel – to aid Christian mission in Romania
Youth Club
Seeds of Change Women's Conference
Jess Price - support as Pastoral Assistant
Children's Ministry
Equipment
Friday Under 5s Toddler group
Young Adults outreach group
Help fund - providing financial support for those in need
Mangrove House - to aid Christian mission to the homeless
Youth mission - to aid Christian mission worldwide
Tear Fund - to aid Christian mission and disaster relief
Samaritans Purse - Shoebox Appeal
Horizons Scholarship - to aid training for youth workers worldwide
Immerse Programme
Space for you - to aid Christian mission in UK
Children in Need
Ukraine Support during crisis
Anna Hughes - Missionary work in Ukraine
Around the Table - Board games group
Signpost - Supporting people in Cirencester
Training Fund
Jethro Kingsley- to aid Christian Mission in Japan (Teach Beyond)
Total Restricted funds
New Building Fund - detail (Now called Property Fund)
- Donations and Grants Received
- Gift Aid
- Income from Fundraising events etc.
- Capital Repayments
- Loan interest
- Fundraising costs
- Transfer from General Fund|**Land and Buildings**
**Other Fixed Assets**
**2024**
**2023**
£
£
£
£
3,700,599
89,259
3,789,858
3,782,815
375,000
8,452
383,452
10,904
0
0
0
(3,861)
4,075,599
97,711
4,173,310
3,789,858
428,739
42,394
471,133
401,822
66,812
10,074
76,886
71,149
0
0
(1,838)
495,551
52,468
548,019
471,133
3,271,860
46,865
3,318,725
3,380,993
3,580,048
45,244
3,625,292
3,318,725
7 1YE and the manse 17 Apsley Road, Cirencester GL7 1SR .
**1.1.2024**
**Incoming**
**Resources**
**Transfers**
**31.12.2024**
**Resources**
**Expended**
**In/(out)**
£
£
£
£
£
1,161
259,844
29,454
(229,362)
2,189
5,000
24,723
19,723
0
3,290
3,290
0
0
195
3,140
2,950
0
385
279
3,095
3,118
0
256
3,278
993
3,195
0
1,076
(639)
4,450
3,812
0
0
936
5,779
5,513
0
1,202
320
0
0
0
320
0
843
843
0
0
0
213
213
0
0
987
2,833
3,189
0
631
202
0
0
0
202
1,661
303
1,013
0
951
2,033
0
0
0
2,033
0
1,484
1,484
0
0
0
4,391
4,373
0
18
(15)
876
861
0
0
226
0
226
0
0
0
109
109
0
0
0
271
271
0
0
0
125
125
0
0
957
1,569
1,356
0
1,170
0
224
224
0
0
0
1,000
1,000
0
0|**Land and Buildings**
**Other Fixed Assets**
**2024**
**2023**
£
£
£
£
3,700,599
89,259
3,789,858
3,782,815
375,000
8,452
383,452
10,904
0
0
0
(3,861)| |---|---|---| |||4,075,599
97,711
4,173,310
3,789,858| |||428,739
42,394
471,133
401,822
66,812
10,074
76,886
71,149
0
0
(1,838)| |||495,551
52,468
548,019
471,133| ||11,579
294,831
71,616
(204,639)
30,155|| ||1,161
1,161
209,387
209,387
47,021
47,021
3,437
3,437
(229,362)
(229,362)
(17,638)
(17,638)
(11,816)
(11,816)
0
0
0|| ||1,161
259,844
(29,454)
(229,362)
2,189|| ||on Corporation.
sted above.
**1.1.2023**
**Incoming**
**Resources**
**Transfers**
**31.12.2023**
**Resources**
**Expended**
**In/(out)**
£
£
£
£
£
1,641
92,517
21,438
(71,561)
1,161
1,158
6,557
7,714
0
0
(46)
5,766
5,525
0
195
507
7,140
7,369
0
279
0
1,900
1,900
0
0
3,012
266
0
0
3,278
1,602
475
2,716
0
(639)
1,223
5,270
5,557
0
936
2,287
0
1,967
0
320
25
50
75
0
0
207
254
461
0
0
0
0
0
0
0
963
3,794
3,771
0
987
534
0
334
0
200
2,166
3,044
3,549
0
1,661
6,050
120
6,170
0
0
2,033
0
0
0
2,033
0
0
0
0
0
(10)
38
28
0
0
0
0
0
0
0
0
2,614
2,629
0
(15)
175
126
74
0
227
0
159
159
0
0
0
4,030
4,030
0
0
0
151
151
0
0
55
1,223
320
0
958
0
146
146
0
0
0
626
626
0
0
0
3,288
3,288
0
0|| ||23,582
139,552
79,995
(71,561)
11,579|| ||1,641
0
0
0
1,161
0
73,635
0
0
73,635
0
17,800
0
0
17,800
0
1,082
0
0
1,082
0
0
0
(123,561)
(123,561)
0
0
(21,436)
0
(21,436)
0
0
0
0
0
0
0
0
52,000
52,000|| ||1,641
92,517
(21,436)
(71,561)
1,161|| ||26|| Notes to the Accounts (continued) **Endowment funds 2024** |**Endowment funds 2024**
**1.1.2024**
**Incoming**
**Resources**
**Transfers**
**31.12.2024**
**Resources**
**Expended**
**In/(out)**
£
£
£
£
£
Endowment funds
2,788,242
0
63,312
198,933
2,923,863
2,788,242
0
63,312
198,933
2,923,863
**Endowment funds 2023**
**1.1.2023**
**Incoming**
**Resources**
**Transfers**
**31.12.2023**
**Resources**
**Expended**
**In/(out)**
£
£
£
£
£
Endowment funds
2,702,990
0
63,311
148,564
2,788,242
2,702,990
0
63,311
148,564
2,788,242
**Unrestricted funds 2024**
**1.1.2024**
**Incoming**
**Resources**
**Transfers**
**31.12.2024**
**Resources**
**Expended**
**In/(out)**
£
£
£
£
£
Fixed Asset Fund
46,867
0
0
(1,623)
45,244
General Fund
102,166
491,066
495,529
2,329
100,031
Pension Liability
0
0
0
0
0
Building Maintenance reserves
30,000
0
0
5,000
35,000
179,033
491,066
495,529
5,706
180,275
**Unrestricted funds 2023**
**1.1.2023**
**Incoming**
**Resources**
**Transfers**
**31.12.2023**
**Resources**
**Expended**
**In/(out)**
£
£
£
£
£
Fixed Asset Fund
47,323
0
0
(456)
46,867
General Fund
157,479
478,836
452,602
(81,547)
102,166
Pension Liability
0
0
0
0
Building Maintenance reserves
25,000
0
0
5,000
30,000
229,802
478,836
452,602
(77,003)
179,033
**Transfers between funds**
A transfer of £5,000 has been made from the general fund to the designated Building Maintenance Reserve to allocate funds to repair the building.
The fixed asset fund transfers reflect the net of new asset additions less depreciation during the year less the loan relating to the Manse.
**Analysis of net assets between funds 2024**
**Unrestricted**
**Restricted**
**Endowment**
**2024**
**Fund**
**Fund**
**Fund**
**Total**
£
£
£
£
Fixed assets
45,244
370,000
3,210,048
3,625,292
Current assets
154,146
10,432
0
164,578
Current liabilities
(19,115)
(37,588)
(148,207)
(204,910)
Long term liabilities
0
(312,689)
(137,978)
(450,667)
180,275
30,155
2,923,863
3,134,293
**Analysis of net assets between funds 2023**
**Unrestricted**
**Restricted**
**Endowment**
**2023**
**Fund**
**Fund**
**Fund**
**Total**
£
£
£
£
Fixed assets
46,867
0
3,271,858
3,318,725
Current assets
157,733
11,576
0
169,309
Current liabilities
(25,563)
0
(231,322)
(256,885)
Long term liabilities
0
0
(252,296)
(252,296)
179,037
11,576
2,788,240
2,978,853
**Analysis of Endowment fund**
**2024**
**2023**
£
£
Fixed assets - Church Building, Chesterton Lane
3,210,048
3,271,860
long term liabilities:
BUC main loan
0
(258,118)
Methodist Chapel Aid Loan
(124,185)
0
BBF Loan
(42,000)
(55,500)
Members Loans
(120,000)
(170,000)
2,923,863
2,788,242
**12 Comparative Statement of Financial Activities**
**Statement of Financial Activities**
Year ended 31 December 2023
Notes
**Unrestricted**
**Restricted**
**Endowment**
**2023**
Income and endowments from:
£
£
£
£
Donations and legacies
2
410,583
138,471
0
545,296
Investments
3
4,845
0
0
1,422
415,428
138,471
0
546,717
Income from charitable activities
Use of premises
49,639
0
0
43,733
Church Weekend away
0
0
0
0
49,639
0
0
43,733
Other trading activities
Fundraising activities
13,769
1,082
0
12,248
Profit on disposal of fixed assets
0
0
0
0
Total income
478,836
139,553
0
602,698
Expenditure on:
Charitable Activities - Church
4 - 5
452,602
79,995
63,312
491,358
Raising Funds
0
0
0
0
Total expenditure
452,602
79,995
63,312
491,358
Net Incoming Resources before other adjustments
26,234
59559
-63,312
111,340
_Transfers Between Funds_
11
(77,003)
-71,561
148,564
0
Net Movement in Funds
(50,769)
12,002
85,252
111,340
Reconciliation of funds
Total Funds Brought Forward:
229,802
23,582
2,702,990
2,845,034
**Total Funds Carried Forward**
**179,033**
**11,579**
**2,788,242**
**2,978,854**
All income and expenditure derive from continuing operations.
27|**1.1.2024**
**Incoming**
**Resources**
**Transfers**
**31.12.2024**
**Resources**
**Expended**
**In/(out)**
£
£
£
£
£
2,788,242
0
63,312
198,933
2,923,863|**1.1.2024**
**Incoming**
**Resources**
**Transfers**
**31.12.2024**
**Resources**
**Expended**
**In/(out)**
£
£
£
£
£
2,788,242
0
63,312
198,933
2,923,863|**1.1.2024**
**Incoming**
**Resources**
**Transfers**
**31.12.2024**
**Resources**
**Expended**
**In/(out)**
£
£
£
£
£
2,788,242
0
63,312
198,933
2,923,863| |---|---|---|---| ||2,788,242
0
63,312
198,933
2,923,863||| ||**1.1.2023**
**Incoming**
**Resources**
**Transfers**
**31.12.2023**
**Resources**
**Expended**
**In/(out)**
£
£
£
£
£
2,702,990
0
63,311
148,564
2,788,242||| ||2,702,990
0
63,311
148,564
2,788,242||| ||**1.1.2024**
**Incoming**
**Resources**
**Transfers**
**31.12.2024**
**Resources**
**Expended**
**In/(out)**
£
£
£
£
£
46,867
0
0
(1,623)
45,244
102,166
491,066
495,529
2,329
100,031
0
0
0
0
0
30,000
0
0
5,000
35,000||| ||179,033
491,066
495,529
5,706
180,275||| ||**1.1.2023**
**Incoming**
**Resources**
**Transfers**
**31.12.2023**
**Resources**
**Expended**
**In/(out)**
£
£
£
£
£
47,323
0
0
(456)
46,867
157,479
478,836
452,602
(81,547)
102,166
0
0
0
0
25,000
0
0
5,000
30,000||| ||229,802
478,836
452,602
(77,003)
179,033||| ||179,037|11,576
2,788,240|| ||Notes
2
3
4 - 5
11|**Unrestricted**
**Restricted**
£
£

410,583
138,471

4,845
0|| ||||2,923,863
2,788,242| ||||**Endowment**
**2023**
£
£

0
545,296

0
1,422| |||415,428
138,471
49,639
0
0
0|0
546,717

0
43,733

0
0| |||49,639
0
13,769
1,082
0
0|0
43,733

0
12,248

0
0| |||478,836
139,553|0
602,698| |||452,602
79,995
0
0|63,312
491,358

0
0| |||452,602
79,995|63,312
491,358| |||26,234
59559

(77,003)
-71,561|-63,312
111,340

148,564
0| |||(50,769)
12,002|85,252
111,340| |||229,802
23,582
2,702,990
2,845,034
**179,033**
**11,579**
**2,788,242**
**2,978,854**
27||