Dagnall Stro•t B•ptl•t Church
Re918tef8d Charbty Numb8r 1127791
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE
YEAR ENDED 31 DECEMBER 2024
FOR
DAGNALL STREET BAPTIST CHURCH
ST ALBANS

Dagnall Str••t B*ptl•t Church
Trustees, Annual
Report for 2024
The trustees present thelr Annual Report end Iln8n¢i818ts1ements lor 2024.
The kNincapal WIp￿ ofthe charity (whk* throughout thi3 report wll b8 Teferred lo as Iha Church) Is the of the
Christian faTth ac£ording to the prInC4￿88 of Ihe Baptlst denomln811on lo Indude the advancement of educati￿. communty
se￿1¢• and Such othgr 9ongrg1 charlt#blo purpows in such partg of th• Unitod Kingdom and thè world ae Ihg Church Shall
V4hon planning our &tMties for the year, the Iruslees have consid8r8d the Charity Commission'$ guidar￿ on public banofft
nd in PaT￿lar the swfic gukl8fKe on tharities for the advanCen￿nI of relig￿￿. The tnJstees try lo enabl8 ordinary wp
10 INe ¢M tsr laith as part of our Church txmmunlty. In ￿￿or io 8chl8ve Ihe prlndpal oblecttve whlch 15 sffl at4)ve, the
Church pmths 8 variety ol actNities both to its membership and to thè cL)mmunrty g8nefally. The aim is to sh(MT ts h)vfr of
Jesus Christ in both and deed and to bring people into a closer ￿lationship Him as liviThJ Lord.
ckni to the and ¥Mthess ofthe Church is the pmMsi￿ of regular publ￿ of Christsan worship. These seplkes
tgk9 plgc• most Sundays gt 10.30 gm. Worship also takos Pl￿ al oth9r tim•#. Th• Church soeks to a fri8ndty
communty and anybody is free to atter¥J any of th95e seryiGes. Prayor 1$ offered after momiNJ worship. Prayer
weeks are organise(J ￿ an (xcasion81 ba&$.
Th? ChurGh run? o prg>*r and #horo group for the grthvth of faFth and dtscipleship at tho Church and a prayor hwr is hdd
onc8 a ￿)nth. Aso, from Ume to Ume. tThe cnurcn njns courses for peop￿ interesiwj In (IlsDJveMng aLvJt Chri5Danity
and study groups are oT￿nIS8￿ al v8rn)us times eg. during Lent.
The Chltrch Is resF(snsible for 8 weekly lerm time Toddler Group whtc* meots on the Church premises on Wednesday
rmminos and monthly. on Saturday momings. Let the Dads OUV meets vrith the puwpose of assistsno the cofflmun
and dofflonstraling tha love of Jasus Christ. The Church en(xJurages and enablès Chiklren and Young People to engage
ith local Christkan organisations who run ywth events and 8¢INit￿$. The Church operates systems to ensure that all
PeOFAa wwknng thiklr9n and vulngrable adults ale appropriately ve¢te(I vAth r9gard to the Disdosure and Ba￿ing
ServicB. The Church has D•signa￿ Parsons and their pholcoraphg ar8 displayed 8loru>id8 the photoiraphs of the
ministsr and dè&cona and empjoyèd staff at thè Churth and Cross 8trtset Cèntre knmited.
The Cross Street Centre cafe is wholly Lwmed and run by the Chufc*. open four days a for f(NJr hours each day. The
directors of the company limited by guarantee - Cross Street Centre Limited- manage the cafe. The suWus from trading is
WVillldTiI￿ lo Cl)urbh eaGh year. Th8 Cioss Str¢et ¢entr¢ pro¥i¢Jes a meeling poinl lor ￿111 fLvinol aritl ii?furtTr411
moeting5. Many communty groups use the churc* premws on a reguk2r and also on a one off basis. The Cross Street
Centre also njns a games group. a scrabbb dub and a bcok library. These are all open to mambers of the communjty.
A m&JaJne Pltblished 10 times per year and 1$ available 10 811 wpie5 displayed in the Cro$$ Street Centre arml in
Churcth to highlvJht s8rvAx. Adivib8s. church news arHI to encourage engagement and pa￿aDation with vthal is on offar
AGhl•v¢m•nts and hrfom)an¢o Durfng 2Q4
The Church Ij￿ not measure the Su￿$ of ils prc*Jrammes only in numbers, induding ffinanclal numbws, but also in less
tangib￿ areas Itk• f•IStr•￿hiP and •ncouraggmont. The Trustées recryniso that thes• arè diffi￿11 to mgasurg, 9SP9ciaNy
given ￿ di6tupb.on to aGtivities over reG￿t y¢ar3, believe that 2024 wa3 a p)5￿¥8 year in th¢ life of the Churth. aTrJ
that rt V￿16 D6 91￿ to pursug r¢s mis*"on purposes In 2025 wllh GonUnue(l enihuslasm.
At 31 t)gcember 2024 the membership str))d at 8612023: 921. There was 1 new member added during the year, 2 memlx
nil tsar￿fe￿￿{l to crfher Ghurthes.
The Chur¢h is acaivoly proftYAiNJ th& usg of the pr8mTrsos by gnjups thAt aro *hty*ing for the t*nefil of tho comrrnJnty.
This mear$8 that th& Church premises are occJJpied for amund 40 hours frc¥n Monday - Saturday. Ths grouF6 ihat use th
premises are past¢xally suppjted by th8 Cri)s8 Stretst Centre staff and by th8 minislry tsam.
Fln•nclal R•vl•w
The Church cwtinues to ralse the fund8. whjch it rwds to cary on its a(aivth'es from wlthtn ft8 N￿bernhip and
¢))ThJregation. Somè IN¥)m& is generated from hSrg of premises and the annual C4)v￿ant fri¥n Cr038 Strefjt Centre Limitad.
No wid•r public appeal WAS mad• fof fiJnd# durin9 Iho ygar.
The most signlficanl Nlnlsty expense repre88nts the o)sts of the Mln18ter - who 18&Js and cx>ordlnatss the Church's
actNttsès including lh8 Sunday Sorvt¢s, pro¥kJgs pastoral c4re for tha congregation other pwle. and equips and
erwur898S th¢ membership in tholT Ille, Christlan wtness sgrvlcg. QuFln9 thg period of th13 fCPOrt the church was In
Pa5torai vacan￿ lollL)wlng the retlrefflent of R8v Slrnon Garver In Augusi 2023. Durtng th15 perknl the tyus1895 apwlnteo
knd8rator who oversaw the main adivities and management of the church's ministry. Th& Church employs a 8ile
manager, Mr. David Hobbs. The ministor arhj slle managar livo In AccommodB￿On provided by the Chuieh.
Pag82

Dagnall Stv••t B•ptl•l ehureh
The Chwth exyes88¢ 6ts wt kn th8 Kfo of tho vhJ8r Churc* by mgklng gfAnl* to kul, nalknwl, Irrt￿￿ti￿ Chrfs1i￿ aTr
ith run wllh (Y no impact on Chwch'# exp￿￿61￿[9 but n6v8rth91o￿ ￿*￿￿bUla 8Ut4lwthlty to tr* •th*v•Ytht c
Th8 fIn#n(i￿ for YAW. t(wlt¥Jr 4 summary of tha a¢counling pdic408 adoptsd •ro 8¢t tr
T*thith KK¥tiased genernl reser￿ to £168.051 12023.. £1XI.7631. These rewv8s are n8￿1 to covar tutwè èXFwthifO of
Churth •ThJ arn in a&Jit*Jn to tho 11os¥nat8d re6wv8s of£60.(KK) held In relation to (wr r•80pKs polw.
r￿dI￿n tomi Is tr) maknt￿.Tr a minim of n*)nts oftotal exp￿ditijro resoNas.
forth• lutur•
on 19th January 2(W at a spcial ¢&wrch ftwollng trdd cm 1¥ March 2022.
farth in jo￿ Christ.
thg DioCXWte. The diaL￿ale meats 10 tirros per yw arKI is resr¥Jwbkn for the day lo doy wrmirvJ of the Chuth's worf(
Relevwt m8ttern may b8 submitted to th8 ChJTth by thg Twsteos for guida￿, or may ￿ ralsad by in
Tho tr￿te95 V•YyJld p*rtioAaity ￿ko kn tsnk larp numb8r of fts Th￿L￿ship thing as wil￿¢8￿$ in au a¥￿ts of
19 Oc*>bw2025
Pago3

0•9n*ll Str••t B•ptl•t Church
Rogfyterpd N#m•.. DAP*NALL STREET BAPTIST CHURCH ST ALBANS
Charity No. 1127791
hurGh Athjrvs.. 1 Crnsa Styoet St HwlfrJrdshkg AL3 SEE
crKis Penn158c¥ei8ry}
Oakley {Fin8nc• tha(￿)
PaLTkq lthJb)ls
Janis IS9fggu•rdlno Trug188)
Diar￿ S4undetS
Pcthr
Bank•rs
10 St PetsrJ stro￿ StAlban8
AL13LY
Ind•p•nd•nt Examln•r
Valerip Harden

Daonall 5tre•l Bapllgt Ghur¢h
Ind•pend•nt •xamln•rf&4 rnport lo th• Iru•lw•• of Dagnall 3lreet 8•ptlst Church 31 Alb•￿*
I report to the Iru8lees on the accounts of the Charity for the ye8r ended 31 DeGember 2024, whlch •re 8et out
on p8ges 6 10 13.
The 8ccounts heve been prepared In accordance with the Charities (Accounts and Reports) Regulations 2008
and Accounting and Reporting by Ch8rlties SORP2015 applicable to charities preparing thelr 8ccounts in
accordance with the Financial Reportlng Stsndard FRS102 published in September 2015.
R•spon•lbllSths and b•sl• of report
The charity's trus168s are responsible for the preparation of the acwunts in accordance with tha
requirements of the Charities Act 2011 Ilhe Act). The charity's trustees consider Ihat an audit is not required
for this year und¢r section 14412) of the Act and Ihat an independent oxaminalion i¥ needed.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
in ¢anying out my examination I have followed all the appIl￿ble Directions given by the Charity Commission
und•r $a¢tion 145 (5llbl of th• A¢t.
Indopondont ox•mlnoe$ $t•t¢ment
I have completed my 8xamln8tioft. I confim7 that no material matters have come to my ettontion in connectron
with the examination which gives me cause to believe that. in any material respect..
the accounting records were not kept in accordance with section 130 of the Charities 2011 Acl,. or
the accounts did not ac4xrfd with the aL¥xJunting re(JJrds; or
the a¢¢ounts did nol comply with the applicable requirements concerning the form and content
of a¢￿UnIS set out in th& Charities (Accounts and Reports) Regulations 2008 other than any
r•quir•mgnl that the accounts give a 'twè and fairf vi8w which 1$ not # matter considorod to
part ol an independenl examinalK)n.
I have no con¢ems and have come acro55 no other matters in connection with thè examination to which
att8ntson snouia D8 arawn In this report in order io enable a proper understandino of the accounts to be
feathed.
8lgn•d:
D•tg:20 OGtobei 2025
Name: Valerle Harden
R•lavant prof•szlonAI qtsallfic•tlon or body:
Member of Assoclatlon of Chartered Global Management Accountan18
Addrn••:
12 The Park, St Albans. Hertfofd8hlro. AL14RY
Pages

O•gn•ll 8tr••t 8•ptl•t Chureh
Not•• Unr••trfct•d R••trlGt•d
fund•
& Endowm•nt
T•3ts1
lund•
2024
Total
fund•
2023
Incomln9 •nd Endo¥mi•nt• Irom:
132,328
2,110
5.241
80,430
220,109
a,242
185,570
2.110
5,241
4,565
80,430
44,988
2Z3.351 225225
133.374
42.320
Investments
Tot*1
3.242
Exp•ndlthr• on:
Ctroritablo acllvlti88
3- 6 149.861
12
36.627
186,488
3.816
153.677
36,627
190,304
235,338
22.245
257,583
Tot•1
3,816
N•1 l•xp•ndltur•illncom•
Tr•n•f•f b•lw••n lund•
33,621
(574)
33,047
132,358)
M•t mov•m•nt In fund•
33,621
1574)
33.047
(32.358)
R•eonclll•tlon ol hJndA
Total ftsnds brought forward
668.970 2,925.751
3.594.721
3.627.079
Total fundi carrl•d forward
702.591
2.925.177
3.627.768
3.594721
Page6

Dagnill Str••t Bapt￿¢ Church
Statsm•nt of flnanGlal posltlon
Not••
2024
Flx•d a•••ts:
Tanolble assets
Curnnt ••••ts:
3,3M923
3.384.923
Debtors and Prepayments
OIF Ch8rtDes Depostl Fun
8apllst Unk)n
S(x)ttish Wkl¢>ws Account
14501
S4.874
3,173
65,453
118,913
17.881
$4.874
3.102
64.419
81.426
221,702
Cash ai Bank and Cash In h8nO
Tot•1 ¢urr•nt aM•ts
257.914
Curr•nt Ihbllltl••
Creditors and ACC￿a]S
15,070
242,844
3,027,707
11.9)3
209,798
3.594,721
N•t ¢urY•nt ass•ts
Tolal N•1 A•••l•
Funds:
Endowmont funds
194562
¢14
IW24.562
1.189
R8stiict8d fisndg
Uftrestrlc￿ funds
Genernl
184051
130.763
638207
868.970
701591
Tetal Ch•rti•bl• Fund•
3.627.7fl
3.594.721
P•nn

Daonall StrnBt BaptlAt Church
Yeai ended 31 December2024
Not• 1- A¢¢ountln9 Pollel••
Ba￿& of prgpar81
The finandal slatemnts have been prepared in ac(%>rdanca with the Acwjntlng Regulalths set out u￿r
thv GI￿1111e5 Aci 2011 and with the Accounting and Reportlng by Chartties". Statement of Reg)tw¥metKled
Practice (SORP) appircable to cnaritles prepanng their aC￿unts In accordance with the Financial ReportiThJ
Stsndard FRS102 and the UK Generally A￿pted AccJ)unting Prfnclples (GMP) 89 tlw apply from 1
January 2015.
Goin9 Cone•m
The CliutGh meets Its day to day wcyking captsl requlrements Ihfough Its ¢ash facilities. ProJections gre
prepared that tske into ac£#)unt possible changes In Income and expenditure. Havlng assessed the prinupal
risks. the Trustees consider it appropriate to adopt the golng r))ncem basls of accountirvJ in prepariry the
finanoal statsments.
Donotions
Donations arB accounted for gross when recelved.
Loga￿0S
Legaries are alxounted for when Ihere is legal entidemenL' they are measurable and their receipt is
probable.
Investment Income
Invesbnent Income is induded in the acc¥)unts in the year in which tt is recejved.
Fund r8ising 8nel publicily costs
The Church does not make bmial appeals forfurKl4 and ex￿Endi1Ure on these ilerrfj is therefore not
material.
Grants Payable
The Church makas grants to other organr2ation8 %th088 charitable ¢)bjgcts complemont itr work. Th•y ar•
actounze(I for in year In whlch Ihey are pald.
Gov8rnanoe costs
This represents direct expendtiure on the govemarth of the Chur¢h. Volunteers ￿rry (xrt most of the
m?na9ement wthout charge. This Intangible cost is not induded in the Statomont of Financial Activitigs
slnce there Is no rneasurable ￿5t lo the volunleeTS for thelr serv1(￿.
Fix8dAssets
The Church premtses. the manse and 37 and 39 Spencer Street are Ind￿led in the balance sheet at
hi3toric insuranw value whon first ￿PI￿liZed in 2006. bec4use reliable cost information is not available,
armj vaiuauon would incur significant i)Jsts which would be onerous ctmpared wttn the additional benefft
gained by the user of the accounts.
Depreciat￿n
Dopreciation has not bggn charggd on tho Church or othèr promlsos, bacaugè in th& opinion of tho
Trustees. the buiiaings are malntalned to a good standard.
Nole 2- Speclal Collectlons Includlng tsx rthind
2024
2023
Christian Ald
Gtft Day
Bitllmtsy fund
1.208
1.116
918
70
852
879
Total
3,242
1,801
Not• 3 Mlnlstry
2024
Genornl
10
3.428
2023
Ggnoral
33,916
4.002
Mlnlsler
Admln costs ofmlnlsty
Muslc and Books for Minlsty
Total
4,767
39,898
Page8

D•gn•ll 5trMt B•ptl•t Ghurch
Nol• 4- Mlsslon Spendlng Pakl Ov•r
Ml••lon Budo•l
Ov•rn•aJJ All•8lon
BMS WoTld Mi¥¥ion
Interserve
Christian Ald
Releas8 Inlernalismal
TWAM
Manipur Charitable Trust
J Cwk & Vokhuls
Tot•1 O¥•rn••• Ml••lon
350
500
11.850
Natlonal Mlsslon
Home Mission
Regents Park College
Bible Society
Proiects £BA
350
Total Natlonal Ml8•lon
7,8JO
Local Mlsslon
STEP
Herts refugees
350
Saf(mine
2C7 Project
370
Vineyard Care Centre
Regional Ministers Fund- CBA
Fund for the FLrture
350
350
Total Local Ml••lon
320
P899 9

D•gnall Str••t Baptl•t Church
Nol• S- Prvp•rty Cmts
2024
G•Mral
2023
G•neral
Insuranc*
7,018
18.254
31.936
6.777
22,157
27.510
Utilities
C8rotgkor And d&anlno
Major projects
Maintenance and repair3
Total
14,146
80,187
95,499
159.490
MotA 6- Expondlluro on Charltabl8 Actlvltl88
2024
2023
Migsion Spgnding
Ministy Costs
Propety Costs
Admin Costs
Designatad Funda
T¢)tsl
22,320
4,767
95.499
11.991
15,284
149,861
16.870
39.898
159,490
15.417
1,932
233,607
Staff Cost• and Trugt•a Exp•n808- Ineludod wlthln ab
The staff costs {ex(4uding CSC) were as fo11¢y￿s.
2024
ZO23
Salaries
ScKial se(yJrity Costs
Pension
28.089
1.814
853
30,756
54.479
4.327
3,607
62.413
The Sverd￿ number of employees in the year was 2 (2023: 3)
No employee recelved eTnolumvnls in excess of £60,000 in the year (2023 tkonts).
The Minister was the only Trustee to receive money f￿ expenses.. £nil12023'. £5.617)
The Churr.h ￿vioUslY paid pension conth'butions ft)r its Mlnisters lo the 8aptsst Minisiws PensK)n Trusi
Llmilod. whi¢h w88 8 final salary defined benefit scheme until 31$1 December 2011. which was not contrnct8d
out of the Stste second pension. The scheme is a multi-employer scheme and il is not FL)ssible to id8nts.fy the
86sets and liabilrtles of the scheme, which are attributable to the Church. In accordance with FRS17 therefore,
me soieme nas b8en accounte(I as a defined conlributiQn (see Note 111. Since 1st January 2012.
ponsion provision h8s b88n mad• thr(xJgh a défin￿ e£)ntribution sch8m8.
Page 10

Dagnall Slr••t Bapust Giiurch
Not• 7 - T•nglbl• Flx•d A•••t•
Church
IncludlTrg Cro
Strn#t C8ntr•
37 and 39
The Man••
Str••t
Talal
Co•1 or V•lu•Uon
1st January 2024
2.924.562
248,684
211.671 3.384.W23
Dis[￿#19
31st t>￿￿Mber 2024
D•prnciatlon
1s1 January 2024
Charge f￿ thts year
31st December 2024
Not 8ook Value
31st December 2024
31& De￿mber 2023
2.924.562
248,OS4
211.8TT 3.384.9tJ
2,924,562
2,924,562
248,684
248,664
211.677
211.6TT
3.384923
3.384.923
For the first time in 2(K)6 inc4uded wr Ixjiklings on the Balance Sheet as Fixed Assets. We Ind￿ thom
at insured value as at 01.01.2(J)6 and then £?￿11$ed the building th. which took P￿ (AKirMJ 20C6. This
w83 performed on the Manse and 37 and 39 Spencer Street
Note 8 - De$lgnated Funds
01.01.2024
460.361
60.000
13,593
3,328
926
538,208
In￿rnIng
I￿oIng
In{Oul) 31.122024
460.361
Manse. 37&39 SS
Spec4al Reserve
Equipment ReseN8
Tc*Jdlers
Others
Total
10,000
1,616
(14.OS4)
(12￿)
9,S39
3.714
926
11,616
115,284)
Manse. 37 8nd 39 Spencer Strget
This fund represents the Manse and 37 arKI 39 Spancer StreeL
Sp8u81 R8seTre
This represents funds that are not immedvalely needed lor the current actNilies of tha Church. It is held in
the event of an unkn¢y4¥n expense for ministy, mi55K)n ￿ FffjFwty. The balano at the year-end is
bas&J on the estimated cost of ry)veriry circa f￿r ￿M)nthS expenses in the event of a loss offvTrJi
(£60,(KKI). A(klMonal lurKls arp h&J rpSe￿e.
Equipmant ReseTre
This represents money pakl to the Chur(* from Cross Street Centre Limited fDr the hire of all the kitchen
uipm8nt. This is kept separate to finance the next purchases of equ1ptr￿nt. The reseNe was
irrnased by £10,000 from genoral feJerye3 after funds U8￿ for a new dishwashor {£8.000> and a
counlw refft {£5.IyyJ) in the ￿lé In 2024.
Toddlers
This reF￿nts surplus income over ij)sts for th8 DSBC TcwSdl6r Gn)up. A wpekty amount is oYl8ctsd
gnd pays to tho group. Surplus is usgd to buy toys and mats fortha gffjup.
Page 11

Dagnall Stmt Baptl•t Church
Not• 9- Rutrlctod and Endowmont Fund•
Tran¥fer¥
Inllou¢l
01.012024
In¢omlng
Outgolng
31.12.2024
R•$trfct8d
Daycaro
Special Coll6cllons
Endowmenl
Church premlses
Tolal
014
575
814
3.242
{3.816}
2 924 562
2,925,175
2.925.751
3,242
(1816)
Not• 10- Analysls of Not Assets
Not Curront
AsJet¥ and
Inve•tm•nt•
Flxed As•ot•
Total
General Funds
Designalod Fund$
Restricted Fund$
168.051
74,179
614
168.051
534.540
614
2 924 Jf62
3,627,767
480,381
T¢)tsl
3.384.923
242.844
Noto 11- Pon•lon8
The Church Is a partlclpating employer the Baptist Penslon Scheme (Ihe Scheme"), whlch Is a separate legal
entity admlnlstered by the PonsKm Trustee (Baptist Pension TNst Llmlled). The S¢hem8. prevk)usly kn(Ywn as
Baptlst Minlstws Penslon Fund, Started In 1925. At the beglnnlng ol the flnandal year. the scheme
wmFKlsed ol a defined benefits scheffle whlch was do￿￿1 lo future atxxual on 31 December 2011 and a defined
ntributlon ￿an whlch vray O￿ned In January 2012.Th8 assets ol the Schemè arn hèld s8parat8ly from Ihos8
of the Employer and the other partldpating employers.
For the Current flnanclal year, Ihe pgnslon provlslon for Membe￿ of the Scheme 15 bglng made Ihrough the
Defined Contribution {DC) Plan. In gen8ral. members pay B% of thelr Penslonabla IncoTh and empi¢)yers pay
6% of members. Pensbnable Income Into Indfvklual penslon acryjunts, whlch are operated arwj managed on
behalf of the Pension Trustee by Broad8ton6 Corwate Benefits Ltd. In additk)n, thg employer pays a further 4%
of PenslonaDle Inct)me to o)ver Death In Servlco Benefits. admlnistyaiKin o)sts. and an assodaleil Insurance
poll¢y which provkles Incomo prote¢tlon for Scheme members If they 8rn unabio to work to long-tenn
Incapacty. Thls protectlon Frf)licy has been Insured by the Bapllst Unlon of Great Brllaln wlth Amva
Limited. Furtherrrth, m&mbers of the Baslc Sectlon pay reduced ￿ntrIbutIonS of S% of Pensionab19 Incowft.
and th8lr emplows also pay a total of 5%.
In Octobgr 2024. the Insuran¢* wmpany Just Group cximpleled 8 buy out of th6 Ilabllttles (rf th8 closed defined
b8nefit stheme. From that dale any remalnlng Ilabilty of the partldpatlng scheme memb8rs to dellned benefft
8chem8 cfj8sod and thè É1 p8r month d8firit rnntributlorLq PAy8blgi by tho partlclpAtlnJ @mployers whlth V&we
agreed In the teoavery plan approved In Au9USt 2022 a150 ￿aSed from that date. Admlnlstrallon of the dosed
defined ben8ffit sch8m& transfeffed from the p8nslon trustees to Just Group from that dale.
Th• Mlnlstorl8) aro ￿￿1b18 lojoln th• SchoTh.
Sèdlon 28.11A ol FRS 102 requlros agreed deflcll recovery payments to be re(xJgnlsed as a liability. The
present value of agreed deficlt contrfbullon8 were Immaterlal at the beolnnlno ol the Ilnandal J*ar and
fulty •xtlngul6hed onco buy out wa£ complètod by Just Group In October 2024.
Not• 12- R•l•t•d Party Trnn•acllon•
The 'Cross streei cafe. Is Wh￿ty owned and run ty ine Church. Th8 direthor8 of Gross Stroel Centre LlmrtBd.
cA)mpany Ilmltod by gu8rantè8. manage Iha calo. Th8 IV￿ dlreclcy shareholders gre th& Flnance Manager. Mrs
Llz Blight ond the Church Seryetsry. Chrls Penn and they I￿ld Ihelr ¥harey 89 nomlnee$ lor the Church. Thjrtng
tho yoar, Mr8 Ltz Bllght reS￿ned as a Olr8cior the 8h8r0h￿d1ng pass￿ lo M8 Ann8tt8 aollman wl¥J is also
a Dlrector.
Paga 12

D•unall Str••l B•ptl•t Ghurch
Durfng th8 >wr Cmss Street Centro Limtt￿ pald tho Church for u8e of premi98s £Nil (2023 £nll} and the tr8dlrKJ
profit wknich it (x)venants to Ihe Church. In 2024 thls tradlng tKofit18 u)nfinned to be £3,977 {2023.' £8.321).
In a0d1t1￿. Cn>55 StrB8t Centrv LlmitBd rBIKnlJuTrfjd th8 fiAk)wlng InwrrBd ￿ Its bghaN ty ts Churth:
wages £36,627 (2023 £22,245).
Thern arn no olhw related paty transackn8.
P•0• 13