OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-09-30-accounts

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 1 October 2023 To 30 September 2024

Section A Reference and administration details

Charity name Kirby Muxloe Free Church

----- Start of picture text -----
None
----- End of picture text -----

Other names charity is known by None Registered charity number (if any) 1127930

Charity's principal address Main Street

Kirby Muxloe Leicester Postcode LE9 2AN

Names of the charity trustees who manage the charity

Dates acted if not for whole Trustee name Office (if any) year 1 Rev. Conrad Weller Minister 2 Mr. Paul Wisdish Honorary Treasurer

Name of person (or body) entitled to appoint trustee (if any)

3[Mrs. Natasha Kinsey]

4[Mr. Robert Knight]

5[Mr. Gary Sanders]

7 11 12 13 14 15

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for wholeyear
East Midlands Baptist Trust CompanyLtd

July 2025

TAR

1

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) advisers (Optional information)
Type of adviser Name
Address
Bankers The Co-operative P.O. Box 250, Southway, Skelmersdale, WN8 6WT
Bank
Baptist Union Loan
Corporation		 P.O. Box 44, 129 Broadway, Didcot. OX11 8RT
Independent Examiner Mark Graves MEng 17 Millbrook Drive, Broughton Astley, Leicestershire.

FCA
LE9 6UX

Name of chief executive or names of senior staff members (Optional information)

----- Start of picture text -----
Section B Structure, governance and management
----- End of picture text -----

Description of the charity’s trusts

The charity is governed by a constitution adopted 24 September 2008. Type of governing document There are no amendments. (eg. trust deed, constitution)

Type of governing document
(eg. trust deed, constitution)		 The charity is governed by a constitution adopted 24 September 2008.
There are no amendments.
How the charity is constituted
(eg. trust, association, company)		 The charity is constituted of members of the charitable unincorporated
association governed by the above constitution.
Trustee selection methods
(eg. appointed by, elected by)		 In accordance with the constitution the charity trustees (with the
exception of the minister) are drawn from the membership of the Church.
The trustees are appointed by the Church members by secret ballot at
Church Member’s Meeting. The trustees are collectively known as the
Diaconate and, along with the Minister, are responsible for the day to day
running of the Church’s work and witness, and the financial and legal
aspects of the charity.

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;

the charity’s organisational structure and any wider network with which the charity works;

relationship with any related parties; trustees’ consideration of major risks and the system and procedures to manage them.

Members of the Church are accepted in accordance with the constitution which requires them to be or to have been publicly baptised on the profession of faith in Jesus Christ, or following other modes of profession of faith in Jesus Christ.

Members and non-members are invited to attend Church Meetings which normally take place six times a year to consider and review matters associated with the life of the church. Relevant matters may be submitted to the Church Meeting by the trustees for guidance, or may be raised by members in the Church Meeting for further consideration by the trustees. Though the constitution permits decisions to be made at the Church Meetings by appropriate majorities, the Church seeks to work by consensus wherever possible. Only church members may vote at these meetings.

A Church Annual General Meeting is held each year for the Church to receive annual accounts and reports, to consider the strategy and vision of the church in the coming year, and other appropriate matters. Only church members may vote at this meeting.

TAR 2 July 2025

----- Start of picture text -----
Section C Objectives and activities
----- End of picture text -----

Summary of the objects of the charity set out in its governing document

The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.

In striving to achieve the principal objective set out above, the Church provides a variety of activities both to the membership of the Church and to the wider community. The aim is to show the love of Jesus Christ in Summary of the main both word and deed and to bring people into a closer relationship with activities undertaken for the Him as living Lord. public benefit in relation to these objects (include within The trustees when planning the activities for the year have considered the this section the statutory Commissions guidance on public benefit, and in particular the specific declaration that trustees guidance on charities for the advancement of religion. The activities have had regard to the undertaken in the year in furtherance of the principle objective include: guidance issued by the Charity Commission on Worship and prayer public benefit) Youth and children’s work Outreach Engaging with our community

Additional details of objectives and activities (Optional information)

The work of the Church is dependent upon the efforts of the many volunteers drawn from the community of the Church. The Church would like to acknowledge this and thank the volunteers. The Church is continually looking for opportunities to work with the local You may choose to community, and hires the premises to. For example, a young actors include further statements, group, and a baby sensory group, as well as other local concerns. where relevant, about: The Church also makes donations to other charitable bodies and policy on grantmaking; individuals in need of support. The finance for these donations is usually generated by special offerings at Christmas. Also a local charity is policy programme supported monthly. related investment; The Christmas offerings are sent to 2 charities each year, suggested contribution made by and decided on by members. volunteers.

July 2025

TAR

3

----- Start of picture text -----
Section D Achievements and performance
----- End of picture text -----

Summary of the main achievements of the charity during the year

Worship and prayer.

Central to the work and witness of the Church is the provision of regular public services of Christian worship. These services take place each Sunday at both 10.30 a.m. and 6.00 p.m. There are also occasional services at other times which are advertised on the Church notice sheet, and Church website at www.kirbyfree.org, and on facebook. A regular sevice was held at a local care home until September 2024

The Church seeks to be a friendly and welcoming community. Services are open for all to attend and are usually well attended, though since 2021 numbers have been lower. The morning services would tend to attract those with young families. The Christmas & Easter Services are also particularly well attended as the Church family is joined by other members from the community.

The services are structured to meet the needs of a wide cross-section of the community. The Church also benefits from an active Worship Group which enhances the services with music and prayer. Following the morning service refreshments are served, allowing all that attend to get to know others and be welcomed into the church community. Occasionally, breakfasts are held before morning services, lunches after morning services and teas before evening services, again giving the opportunity for fellowship for all that attend.

The Church started a number of small groups for the growth of faith and discipleship, in the homes of some members or in the church Living Room. All that attend Church are encouraged to join a home group. Details of these can be obtained from the trustees, or the Church administrator on request.

The well being of the Church family is also a key concern. The minister and deacons arrange for pastoral visits to church attendees in need of help..

Youth and children’s work

A full programme of events for the young people and children of the Church and community has been held during the year. The work is dependent upon a small number of loyal, hard working leaders. The activities undertaken this year include:

Vision

Meets most weeks and involves a wide age range of children from toddlers to teenagers. The groups use teaching material for their studies from organisations such as the Scripture Union and the Good Book Company (the “Click” range). The eldest group (the youth group) sometimes help prepare activities for the regular all children gathering. This year the children and young people have aranged presents for Mothering Sunday and Father’s Day.

Saturday Craft Group

This takes place in the church building monthly on a Saturday afternoon. It aims to attract young families interested in the activities which take place- crafts, worship and refreshments.

July 2025

TAR

4

Youth group

Youth is a house group for young people, held on Sunday evenings during term time. The group has now has a games time, and discussion and refreshments. This group is quite close-knit.

In addition to the regular groups occasional events such as community projects and holiday clubs have also been held during the year. All events are open to the young of the church and the community.

Holiday at Home

A Holiday at Home event was held in June 2024, and elderly folk from the church and from the wider community spent 3 days doing activities, were entertained by a band and a choir and had a full day coach outing to a local attraction.

Outreach

Outreach is also a key component to the advancement of the Christian faith and goes hand in hand with the work of the Church in engaging with the community. The key activities undertaken include:

Supporting the work of Baptist Union Home Mission through communication and regular giving.

Groups from the Church also have held regular services for the residents of a local home for the blind, but this closed in September 2024.

The Church also plays a very active part in Churches Together in Kirby Muxloe and Leicester Forest East. The meetings have been well attended with good representation from each Church. This year the Churches have worked together on many joint activities for the local community including:

Conducting united services

Holding joint Lent groups.

Supporting community events such as the annual Kirby Fun day.

TAR

July 2025

5

Engaging with our community

This is also a key component to the advancement of the Christian faith and a major part of the Church’s vision. This aim is being met by a variety of activities to forge and strengthen bonds of friendship such as:

Friends & Neighbours

A group that meets on the first Thursday of the month, and meetings are always well attended. Each afternoon begins with a time of devotion led by our president or a committee member. This is followed by the guest speaker and time for refreshments and fellowship.

Carpet Bowls

The group continues to grow and now has a good number of members. The group meets on Friday afternoons for a light hearted game of carpet bowls with much frivolity and laughter, accompanied by tea and biscuits.

Walking in Good Company

This group meets monthly to enjoy varied walks in town & country. The group always welcome new walkers, and attract some who do not attend the church services. The walks are not very demanding and end by sharing lunch at a local pub

Holiday at Home

A 3 day event was held in June with food and entertainment for about 20 elderly guests

Knitting and Crochet Group.

During the year a weekly knitting and crochet group has continued, with one aim of providing items for donation to charity.

Events

In addition to the regular meetings the Church has also arranged a series of events during the year to encourage ties with the community. These events have included visits by the Saltmine Theatre Group and participating in the Kirby Village Fun day and scarecrow event.

Community Initiatives

Local schools are always key to the life of the local community, and the Church is keen to support this work. This is achieved in a variety of ways including visiting, taking school assemblies and talking to the children and arranging events.

The Church also hosts a coffee drop-in weekly on a Thursday morning. This is open to anyone in the community, but is mainly attended by attendees of the church.

Additionally the Church premises are used by a variety of local community groups including a dance group, a slimming group, and a table tennis club. Interest in using the premises has also been shown by other local societies.

The Church works to continually improve and maintain the premises. The Church remains very active, there being currently about 55 members.

July 2025

TAR

6

Brief statement of the charity’s policy on reserves

The reserves of Kirby Muxloe Free Church are held in the BU Loan account. This supports the work of other Baptist Union Churches thus furthering our charitable objectives. In addition, it gives us a competitive rate of interest.

Our policy is, as far as possible, to retain a minimum of two months income as reserves for emergencies; such as repairs to the fabric of the building or other unforeseen events. In addition we need to maintain a cash float sufficient to cover the period between annual Gift Aid receipts.

Over the period 2023-2024 our reserves were adequate to cover these two requirements.

Details of any funds materially in deficit

Further financial review details (Optional information)

Further financial review details (Optional information)
Youmay chooseto include
additional information, where
relevant about:
the charity’s principal		 Financially, activities are largely supported by regular weekly and
monthly offerings. During the year the Church faced the challenge of
donations and legacies reducing by a small amount, and an overall loss
of £497 . There is sufficient income to meet all running costs.
sources of funds (including The aim of the church is to bring the saving knowledge of the Lord
any fundraising); Jesus Christ and to evangelise.
how expenditure has
supported the key
objectives of the charity;
investment policy and
objectives including any		 The Minister receives a stipend and expenses to lead the members in
fulfilling our aim. This represents the single largest expense with manse
and ministerial expenditure representing approx 42% of total
expenditure.
ethical
investment		 Supporting church activities, including worship, youth work, events,
policy adopted. equipment and the maintenance of the church buildings amounted
to approx 33% of total expenditure.
Gifts and grants to sister organisation’s in the Baptist Union and other
charities amounted to 9% of total expenditure.
Depreciation and other expenses amounted to 2% of total expenditure.
Communication and Administrative expenses were 7% of total
expenditure.tion F Other optional
information

July 2025

TAR

7

----- Start of picture text -----
Section G Declaration
----- End of picture text -----

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Colin Paul Wisdish Position (eg Secretary, Chair, Trustee and Honorary Treasurer etc) Date 13[th] July 2025

July 2025

TAR

8

~~U GG~~ ~~D CHTL~~ ~~R CSBGFC~~ ~~R C~~ ~~EF eahpMelohheoe~~ ~~u r~~ ~~neeen nligpniranriueSw~~ ~~sssrd edaesetsecerc~~ ~~eitton racttmiaWrr~~ ~~srrgd Y/ylatarhayy~~ ~~tiinw ClBElFao~~ ~~s al~~ ~~racc foBorusP~~ ~~ittm B~~ ~~o uuunold~~ ~~f re~~ ~~ceete utntwoM~~ ~~tdde iHdherlildedMm~~ ~~fe-dn cstldo~~ ~~d-tt tsinaisisinm~~ ~~cT oglse~~ ~~h g~~ ~~ua Fios~~ ~~e e~~ ~~n Fu~~ ~~gr sunnF~~ ~~c and~~ ~~e u~~ ~~hnib n~~ ~~u d~~ ~~l dd~~ ~~etT arcao o~~ ~~hsst a~~ ~~esesa t~~ ~~ttl ss 47L Ba4 3~~ ~~309s64 4~~ ~~309at 4~~ ~~9, 913~~ ~~,,la2,£ 3~~ ~~,9 ,~~ ~~05 ,,~~ ~~nY ,~~ ~~6 6~~ ~~307 389~~ ~~e079 6683~~ ~~c 903~~ ~~a39 4~~ ~~01 800~~ ~~e. 957~~ ~~-.8... 8...-----~~ ~~r7 .8.7.8~~ ~~804 .770~~ ~~67 075~~ ~~030 4742 8~~ ~~8 3 8~~ ~~811, 1 011~~ ~~5I1,5,, 9,1,1,~~ ~~£7n 721~~ ~~6 003~~ ~~06 0705~~ ~~1 688~~ ~~9830 3500~~ ~~. ...~~ ~~--.. . ....-----~~ ~~6 889~~ ~~890 2000~~ ~~003 703~~ ~~8 1000~~ ~~8 2 7~~ ~~811 ,,O2 9211~~ ~~2, 14u£ ,,,,~~ ~~34 2~~ ~~2, 7510~~ ~~831t 79~~ ~~0 0037~~ ~~05 50~~ ~~. 5036~~ ~~--.5.7 ..------~~ ~~3 .0.0.5.7~~ ~~.0 00~~ ~~938 8038~~ ~~8 00~~ ~~2(T r ((~~ ~~5, 24~~ ~~a 24 5,0,~~ ~~n 5,0,~~ ~~0 0000~~ ~~0s 00~~ ~~. f ..~~ ~~---0 00~~ ~~e- --------~~ ~~- 00~~ ~~0 .0.0~~ ~~r 00~~ ~~s 00~~ ~~) ))~~ ~~GL oa si sn es ---- --~~ ~~- ---------~~ ~~-s& T B47h 4 3~~ ~~3a09is64 44~~ ~~4la09£,8 8~~ ~~n 314~~ ~~,,Y1,0, 1,6,~~ ~~00 8,0,~~ ~~e 76~~ ~~8c07 04~~ ~~a 00~~ ~~790e 048513~~ ~~r 1850~~ ~~90403 340000~~ ~~. ....~~ ~~-... ......--~~ ~~0 5470~~ ~~.0808 207000~~ ~~3 9870~~ ~~050 144002~~ ~~2~~

Kirby Muxloe Free Church

Annual Report and Financial Statements

For the Year Ending 30th September 2024

Page: 1 of 15

Charity No: 1127930 2024-10-25

Legal Information

Legal Information
Officers: Rev. C Weller ( Minister )
C.P. Wisdish (Treasurer)
Charity Number: 1127930
Trustees: R. Knight
N. Kinsey
G. Sanders
Principal Address: Main Street
Kirby Muxloe
Leicester
LE9 2AN
Bankers: Lloyds TSB Plc Co-operative Bank
7, High Street PO Box 250
Leicester Skelmersdale
LE1 9FS WN8 6WT
Independent Examiner: Mark Graves MEng FCA
17 Millbrook Drive
Broughton Astley
Leicestershire
LE9 6UX

Page: 2 of 15

Charity No: 1127930 2024-10-25

Kirby Muxloe Free Church

Annual Report and Financial Statements for the Year Ended 30 September 2024

- Contents:

Annual Report

Independent Examiner's Report

Statement of Financial Activities

Balance Sheet

Notes on Accounts

  1. Accounting Policies

  2. 2.-6 Analysis of Income and Expenditure (report)

  3. 7.Tangible Fixed Assets

  4. Debtors

  5. Bank and cash Balances

  6. Creditors

  7. Analysis of Net Assets

  8. Fund Movement Summary

  9. Pensions

  10. Related Charities

  11. Reserves Policy

  12. Going Concern

Page: 3 of 15

Charity No: 1127930 2024-10-25

Kirby Muxloe Free Church

Treasurer's Annual Report for the Year to 30th September 2024

In the year to 30 September 2024, offerings are up on last year by about 0.6%. However, to maintain at least matching income with likely increases in expenditure, at least an increase in individuals' giving by the rate of inflation would be helpful.

Finances have been much helped by significantly increased amounts during the year from groups hiring the premises, a result of advertising availability in the past. While these payments are gratefully received, they cannot be relied upon to be indefinite.

Giving by church members and our wider congregation in offerings was £ 46,809. Offerings for the Christmas and offer appeals were £ 1,842. Gifts and donations amounted to £957.

The Gift Aid tax rebate is a major contributor to our income. I would urge all tax payers to consider allowing us to claim this in respect of their offerings to the church. This year we have been able to claim £10,797.

Our mission giving was £3,240 to the Baptist Home Mission Fund and £3,270 to the Baptist Missionary Society.

The Minister receives a stipend and expenses and we employ an Administrator and Caretaker.

The bottom line is that we have a deficit of £497.

We can be thankful that we have always had sufficient funds to pay our bills. Although, it has to be said that what we can do is now firmly constrained by our income.

I am grateful to those who count the weekly offerings, and to the other signatories to the church bank accounts. This include David Mcphail, who has also been a great help to me with aspects of being treasurer.

Thank you all for your support.

C.P. Wisdish 30th September 2024 For and on behalf of the Deacons

Page: 4 of 15

Charity No: 1127930 2024-10-25

1. Independent Examiners report to the Trustees of the

2. Kirby Muxloe Free Church

I report on the accounts of Kirby Muxloe Free Church of Main Street, Kirby Muxloe, Leicester, LE9 2AN for the year ending 30th September 2024.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts. The church's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the next statement.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

Mark Graves MEng FCA

17 Millbrook Drive Broughton Astley Leicestershire LE9 6UX

Page: 5 of 15

Charity No: 1127930 2024-10-25

Kirby Muxloe Free Church

Statement of Financial Activities

For the period 01 October 2023 to 30 September 2024

year

funds

Unrestricted Designated Restricted Endowment Total
 Prior
funds funds funds funds funds total
Income and endowments from:
Donations and legacies 59,243.27 — 1,538.93 — 60,782.20
64,515.85
Income from charitable activities 2,017.95 1,108.80 25.00 — 3,151.75
3,045.19
Investments 20,348.86 — — — 20,348.86
13,332.89
Total income 81,610.08 1,108.80 1,563.93 — 84,282.81
80,893.93
Expenditure on:
Expenditure on charitable activities
Special Efforts 871.25 1,133.53 1,321.78 — 3,326.56
3,702.51
Baptist Union 6,480.00 — 30.00 — 6,510.00
9,720.00
Chuch Expenses 24,204.43 — 90.00 — 24,294.43
22,566.79
Children and Young People 124.68 — — — 124.68 205.29
Manse Expenses 4,894.18 — — — 4,894.18
4,827.03
Ministerial Expenses 33,320.26 — — — 33,320.26
30,535.22
Administration and Communication 7,629.17 — — — 7,629.17
7,669.49
Other Expenses 4,616.82 — — — 4,616.82
6,394.61
Other expenditure 64.29 — — — 64.29 58.45
Total expenditure 82,205.08 1,133.53 1,441.78 — 84,780.39
85,679.39
Net income / (expenditure) resources before transfer (595.00) (24.73) 122.15 — (497.58)
(4,785.46)
Transfers
Gross transfers between funds - in 2,500.00 — 4,000.00 — 6,500.00 46.00
Gross transfers between funds - out (2,500.00) — (4,000.00) — (6,500.00) (46.00)
Other recognised gains / losses
Gains on revaluation, fixed assets, charity's own use — — — — — 627.90
Net movement in funds (595.00) (24.73) 122.15 — (497.58)
(4,157.56)
Reconciliation of funds
Total funds brought forward 349,399.80 46,203.76 403,967.87 — 799,571.43
803,728.99
Total funds carried forward 348,804.80 46,179.03 404,090.02 — 799,073.85
799,571.43

Page: 6 of 15

Charity No: 1127930 2024-10-25

Kirby Muxloe Free Church

Balance Sheet as at 30 September 2024

General
Fund		 Designated
Funds		 Restricted
Funds		 Endowment
Funds		 This Year Last Year
£ £ £ £ £
£
Fixed assets
Tangible assets 295,796.03 — 400,000.00 — 695,796.03 699,291.03
Fixed assets 295,796.03 — 400,000.00 — 695,796.03 699,291.03
Current assets
Debtors 2,526.03 — — — 2,526.03 2,449.04
Cash at bank and in hand 50,919.37 46,179.03 4,090.02 — 101,188.42 98,320.20
Current assets 53,445.40 46,179.03 4,090.02 — 103,714.45 100,769.24
Liabilities
Creditors: Amounts falling due in one year 436.63 — — — 436.63 488.84
Net current assets less current liabilities 53,008.77 46,179.03 4,090.02 — 103,277.82 100,280.40
Total assets less current liabilities 348,804.80 46,179.03 404,090.02 — 799,073.85 799,571.43
Total net assets less liabilities 348,804.80 46,179.03 404,090.02 — 799,073.85 799,571.43
Represented by
Unrestricted
Unrestricted - General fund 348,101.59 — — — 348,101.59 349,399.80
Unrestricted - General Building Fund 703.21 — — — 703.21 —
Designated
Designated - Carpet Bowls — 1,805.77 — — 1,805.77 1,805.77
Designated - Holiday at Home — 644.04 — — 644.04 668.77
Designated - Thirst — 80.74 — — 80.74 80.74
Designated - Legacy — 43,648.48 — — 43,648.48 43,648.48
Restricted
Restricted - Charity Collections and Donations — — 50.00 — 50.00 —
Restricted - Special Efforts — — — — — 3,937.85
Restricted - BMS World Mission — — — — — —
Restricted - Flower Fund — — 10.00 — 10.00 —
Restricted - General Building Fund — — 4,000.00 — 4,000.00 —
Restricted - Christmas Meal Fund — — 30.02 — 30.02 30.02
Restricted - Church Premises — — 400,000.00 — 400,000.00 400,000.00
Funds of the church 348,804.80 46,179.03 404,090.02 — 799,073.85 799,571.43

Page: 7 of 15

Charity No: 1127930 2024-10-25

Kirby Muxloe Free Church

Notes to the Accounts

For the period 01 October 2023 to 30 September 2024

3. Accounting Policies

a. Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to the accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.

b. Funds

Endowment Funds: are the capital of which must be maintained; only income arising from investment of endowment may be used as restricted or unrestricted funds depending on how the endowment was originally set-up.

Restricted Funds: represent donations for a specific object or invited by the Trustees for a specific object. The funds may only be expended on the specified object for which they were given. Any balance remaining at the end of the year must be carried forward as a balance on that fund.

Unrestricted Funds : are the general funds which can be used for any purpose

Designated Funds : are sums set aside out of general funds for specific designated purposes. They can be transferred back to general funds at any time.

c. Donations

Donations are accounted for gross when received.

d. Legacies

Legacies are accounted for when their receipt is certain and can be properly quantified.

e. Investment Income

Investment income is included in the accounting year in which it is receivable.

f. Grants payable

The Church makes grants to other organisations whose charitable objects complement its work (for example, BMS and Home Mission). They are accounted for in the year in which they are paid.

g. Governance Costs

This represents direct expenditure on the governance of the Church. Most of the management is carried out without charge by volunteers. This intangible cost is not included in the Statement of Financial Activities, since there is no measurable cost for the volunteers' service.

h. Fixed Assets

The church premises are included in the balance sheet at market value, based on a valuation in December 2016. The manse premises are stated at conservative market value.

Tangible assets costing less than £800 are written off as expenses.

i. Depreciation

Depreciation has not been charged on the Church or the Manse premises (11 Barns Close, Kirby Muxloe, Leicester), because in the opinion of the Trustees, the residual value of the asset is worth not less than the value stated in these accounts.

Depreciation on other fixed assets is calculated to write off the cost on a linear basis over the expected useful life. The rates used are:

j. Analysis of Income and expenditure.

Each heading in the Statement of financial activities is itemised by nominal fund in the Analysis of Income and Expenditure section.

Page: 8 of 15

Charity No: 1127930 2024-10-25

Kirby Muxloe Free Church

Notes to the Accounts

For the period 01 October 2023 to 30 September 2024

Analysis of Income and Expenditure

Total Total
Unrestricted Designated Restricted Endowment This year Last year
£ £ £ £ £ £
Income and endowments
2. Donations and legacies
21I119 - Offerings by Cash 6,642.36 — — — 6,642.36 6,580.38
22I120 - Offerings in Envelope 12,606.50 — — — 12,606.50 13,531.30
23I121 - Offerings by Standing order 27,561.00 — — — 27,561.00 26,408.10
24I145 - Income Tax Recovered 10,797.70 — — — 10,797.70 14,426.07
25I271 - General Gifts and Donations 932.50 — 25.00 — 957.50 2,205.00
27I132 - Special Gifts — — — — — 150.00
27I133 - Special: BMS World Mission — — 275.00 — 275.00 245.00
27I135 - Special: Christmas & Gift Day 703.21 — 1,138.93 — 1,842.14 400.00
27I136 - Flowers — — 100.00 — 100.00 570.00
Donations and legacies Totals 59,243.27 — 1,538.93 — 60,782.20 64,515.85
3. Income from charitable activities
41I134 - Events Income 816.00 1,108.80 — — 1,924.80 1,323.24
44I010 - Holiday Club Income — — — — — 30.00
45I135 - Other income 55.00 — — — 55.00 233.99
46I060 - Bible Notes Subscriptions 46.95 — — — 46.95 31.14
47I061 - Wedding and Funeral Fees — — — — — 300.00
48I064 - Carpet Bowls Income 1,100.00 — — — 1,100.00 —
51I062 - Charity Collections — — 25.00 — 25.00 668.82
61I001 - Income from activities — — — — — 458.00
Income from charitable activities 2,017.95 1,108.80 25.00 — 3,151.75 3,045.19
Totals
4.Investments
31I129 - Bank Interest — — — — — 575.52
33I129 - BU Loan Account Interest 1,901.36 — — — 1,901.36 1,573.46
34I069 - Hall Hire 18,447.50 — — — 18,447.50 11,183.91
Investments Totals 20,348.86 — — — 20,348.86 13,332.89
Income and endowments
80,893.93		 81,610.08 1,108.80 1,563.93 — 84,282.81

Grand totals

Page: 9 of 15

Charity No: 1127930 2024-10-25

Kirby Muxloe Free Church

Notes to the Accounts

For the period 01 October 2023 to 30 September 2024

Total
Unrestricted Designated Restricted Endowment This year Last year
£ £ £ £ £ £
Expenditure
5. Expenditure on charitable activities
Special Efforts
801E134 - Events Expenditure 658.00 1,133.53 — — 1,791.53 1,039.97
802E132 - Special Efforts 213.25 — — — 213.25 449.55
803E133 - BMS World Mission — — 245.00 — 245.00 265.52
805E135 - Christmas & Gift Day — — 1,076.78 — 1,076.78 —
806E062 - Charity Donations — — — — — 1,947.47
Baptist Union
808E066 - BU: BMS World Mission 3,240.00 — 30.00 — 3,270.00 4,476.00
809E067 - BU: Home Mission 3,240.00 — — — 3,240.00 5,244.00
Church Expenses
811E001 - Fabric and Equipment 3,128.18 — — — 3,128.18 5,498.11
813E003 - Audio Visual 899.02 — — — 899.02 832.77
814E004 - Health and Safety 624.20 — — — 624.20 613.04
815E007 - Mission and Evangelism 20.00 — — — 20.00 23.37
816E019 - Worship & Music 217.31 — — — 217.31 508.89
817E021 - Heat, Lighting & Water 10,960.69 — — — 10,960.69 6,352.31
818E025 - Church Insurance 3,139.15 — — — 3,139.153,028.13
820E037 - BU Assembly/Conferences 397.55 — — — 397.55376.99
821E033 - Miscellaneous — — — — —201.43
822E034 - Catering 8.99 — — — 8.9928.00
825E019 - Flowers — — 90.00 — 90.00570.00
828E100 - Training Expenditure — — — — — 7.00
829E047 - Caretakers Salary 4,559.34 — — — 4,559.344,253.82
829E048 - Tax and NI Payments to HMRC — — — — —(22.00)
830E002 - Other church costs 250.00 — — — 250.00295.75
Children and Young People
832E008 - Youth 92.90 — — — 92.90 109.55
832E009 - Junior Church 31.78 — — — 31.78 95.74
Manse Expenses
841E081 - Manse Heat, Light & Water 1,031.25 — — — 1,031.25 1,219.01
842E075 - Manse Council Tax 2,767.62 — — — 2,767.62 2,636.52
843E094 - Manse Telephone 422.50 — — — 422.50 316.78
844E076 - Manse Maintenance — — — — — 43.98
845E082 - Manse Insurance 672.81 — — — 672.81 610.74
Ministerial Expenses
846E087 - Ministers Stipend 28,599.96 — — — 28,599.96 25,868.04
847E089 - Ministers NI Employer — — — — — 59.62
848E088 - Ministers Superannuation 3,996.00 — — — 3,996.00 3,627.00
849E090 - Ministers motor/travel expenses 629.30 — — — 629.30 930.00
850E099 - Pulpit Supplies 95.00 — — — 95.00 50.00

Page: 10 of 15

Charity No: 1127930 2024-10-25

Kirby Muxloe Free Church

Notes to the Accounts

For the period 01 October 2023 to 30 September 2024

Total
Unrestricted Designated Restricted Endowment This year Last year
£ £ £ £ £ £
Administration and Communication
871E023 - Church Phone & Broadband 876.50 — — — 876.50 798.85
872E029 - Copy, Post, Stationery 870.39 — — — 870.39 1,379.02
873E137 - Administrators salary 5,699.28 — — — 5,699.28 5,317.26
880E001 - Computer Software 183.00 — — — 183.00 174.36
Other Expenses
881E068 - Subscriptions 521.82 — — — 521.82 505.58
882E071 - Donations 600.00 — — — 600.00 600.00
887E065 - Expenditure on Activities — — — — — 1,030.03
903E003 - Depreciation 3,495.00 — — — 3,495.00 4,259.00
Expenditure on charitable 82,140.79 1,133.53 1,441.78 — 84,716.10 85,620.94
activities Totals
6. Other expenditure
71E029 - Envelope Scheme 64.29 — — — 64.29 58.45
Other expenditure Totals 64.29 — — — 64.29 58.45
Expenditure Grand Totals 82,205.08 1,133.53 1,441.78 — 84,780.39 85,679.39

4. D3 5. D4 6. D5 7. D6

Page: 11 of 15

Charity No: 1127930 2024-10-25

Kirby Muxloe Free Church

Notes to the Accounts

For the period 01 October 2023 to 30 September 2024

8. Tangible Fixed Assets

9. Tangible Fixed Assets
Church
Premises		 Manse Furniture &
Fittings		 Audio Visual
Equipment		 Computer
Equipment		 Total
£ £ £ £ £ £
Cost at 1st October 2023 400,000.00 280,000.00 34,953.03 0.00 0 714,953.03
Additions -
-
0 -
Total Additions 0.00 0 0.00 0.00
0.00		 0.00
Disposals
Equipment written off - - - - - -
Total Disposals 0 0 0 -
0.00		 0.00
Revaluation 0.00 - - -
0.00
Total Cost 400,000.00 280,000.00 34,953.03 0.00
0.00		 714,953.03

- -
Depreciation
Cost at 1stOctober 2023 - - 34,953.03 34,953.03
Charge foryear 3,495.00
- -		 3,495.00
Total Depreciation - - 19,157.00
--
0.00
0.00
0.00
0.00		 19,157.00
Net Book Value at 30-Sep-24 400,000.00 280,000.00 15,796.03 695,796.03
Net Book Value at 30-Sep-23 400,000.00 280,000.00 19,291.03 699,291.03

Page: 12 of 15

Charity No: 1127930 2024-10-25

Kirby Muxloe Free Church

Notes to the Accounts For the period 01 October 2023 to 30 September 2024

10. Debtors

This
Last
Unrestricted
Restricted
Endowment
Year
Year
£
£
£
£
£
Church: Building & Contents Ins 2,371.61
-
-
2,371.61
2,292.78
Manse: Building Insurance 154.42
-
-
154.42
156.26

Debtors		 0.00
-
-
0.00
0.00
-
-
-
-
-
Total 2,526.03
2,526.03
2,449.04

11. Bank and Cash balances

This
Last
Unrestricted
Restricted
Endowment
Year
Year
£
£
£
£
£
Co-operative Bank Account 24,495.26
90.02
-
24,585.28
18,618.42
Baptist Union Deposit 72,603.14
4000.00
-
76,603.14
79,701.78

Cash		 0.00
00.00
-
00.00
00.00
Total 97,098.40
4090.02
-
101,188.42
98,320.2

12. Creditors

Creditors
This
Last
Unrestricted
Restricted
Endowment
Year
Year
£
£
£
£
£
Amounts falling due within
one year:
Accruals 436.63
-
-
436.63
488.84
Total 436.63
-
-
436.63
488.84
Amounts falling due after
more than one year:
-
-
-
-
-
Total -
-
-
-
-

Page: 13 of 15

Charity No: 1127930 2024-10-25

Kirby Muxloe Free Church

Notes to the Accounts

For the period 01 October 2023 to 30 September 2024

13. Analysis of Net Assets

Fixed Assets Endowment Current Assets Total
£ £ £ £
Endowment Funds - - - -
Restricted funds per Note 12 400,000.00 - 4,090.02 404,090.02
Unrestricted funds 295,796.03 0.00 99,187.80 394,983.83
Total 695,796.03 0.00 103,277.82 799,073.85

Note: Unrestricted funds = (General Fund + Designated Funds)

14. Fund Movement Summary
Last Year Gains & This Year
Balance In Out Transfers Losses Balance
£ £ £ £
Unrestricted
General fund 349,399.80 80,906.87 79,705.08 (2,500.00) - 348,101.59
General BuildingFund - 703.21 2,500.00 2,500.00 - 703.21
349,399.80 81,610.08 82,205.08 - - 348,804.80
Designated
CarpetBowls 1,805.77 - - - - 1,805.77
Holidayat Home 668.77 1,108.80 1,133.53 - - 644.04
Thirst/Youth 80.74 - - - - 80.74
Legacy 43,648.48 - - - - 43,648.48
46,203.76 1,108.80 1,133.53 - - 46,179.03
Restricted -current assets
Charity Collections andDona - 50.00 - - - 50.00
Special Efforts 3,937.85 1,138.93 1,076.78 (4,000.00) - -
BMSWorldMission - 275.00 275.00 - - -
General BuildingFund - - - 4,000.00 4,000.00
Flower Fund - 100.00 90.00 - - 10.00
ChristmasMeal Fund 30.02 - - - - 30.02
Total 3,967.87 1,563.93 1,441.78 - - 4,090.02
Restricted- Tangible assets
Church Premises 400,000.00 - - - - 400,000.00
Endowment - - - - - -
Funds of the church 799,571.43 83,579.60 82,280.39 (2,500.00) - 799,073.85

Page: 14 of 15

Charity No: 1127930 2024-10-25

Kirby Muxloe Free Church

Notes to the Accounts

For the period 01 October 2023 to 30 September 2024

15. Pensions

The Old Defined Benefit Plan

The old Baptist Ministers’ Pension Scheme (“the Ministers’ Scheme”) was a multi-employer defined benefit scheme, which is funded and not contracted out of the state scheme. The Scheme started in 1925 and was closed on 31st December 2013. It has the Pension Scheme No 101395759. We paid contributions for several minister over this period.

To limit further liability to churches resulting from the defined benefit nature of the defined benefit scheme, it was decided to draw a line under the defined benefit scheme on the 31 December 2013.

The church has an on-going liability to contribute towards the old scheme. This liability to pay shortfall contributions represented 12% of pension contributions per year. We received notification from the Baptist Union that the performance of the scheme has been more successful than hoped and the deficit has been cleared much earlier than planned. As a result, the additional payment ceased in July-22 but the direct debit remained, charging a nominal amount of £1 per month to keep it live should the deficit widen again.

The Current Defined Contributions Scheme

The Church is an employer participating in a pension scheme known as the Baptist Pension scheme. The Minister is members of this scheme.

The church pays 10% of pensionable stipend towards benefits into the new plan for the minister .

Pension Contributions

Due to the nature of the scheme, the profit and loss charge for the period represents the employer contribution payable. The total pension cost for the Church was £3,996.00 (2023 £3,627.00).

16. Related charities

The custodian Trustee of the church is the Baptist Union Corporation Limited which is charity number 249635, and which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain, and the East Midlands Baptist Association. The church made a donation to the Baptist Union Home Mission Scheme and Baptist Missionary Society as set out in note 3.

17. Reserves Policy

The reserves of Kirby Muxloe Free Church are held in the BU deposit account. This supports the work of other Baptist Union Churches thus furthering our charitable objectives. In addition, the proceeds of a legacy remain in our main bank account pending use on charitable activities.

Our policy is, as far as possible, to retain a minimum of one months’ income as reserves for emergencies; such as repairs to the fabric of the building or other unforeseen events. In addition we need to maintain a cash float sufficient to cover the period between annual Gift Aid receipts.

Over the period 2024-2025 our reserves are adequate to cover these two requirements.

18. Going Concern

The church remains a going concern with a good level of cash balances in both the current account and reserves held in the BU savings account which provide a buffer should unforeseen expenditure arise. There is a general concern in falling membership which is having an impact on church income, this is still sufficient at present to cover church expenses and bills, but is starting to cause a drain on savings as numbers continue to decline.

Page: 15 of 15

Charity No: 1127930 2024-10-25

in I rer)ort on the accounts of ￿rbY mU￿0e Free Churd) of Main Stree¢ Mux1￿, Leicester, LE9 2AN ft)r the year endirKJ 30th Ser¢￿￿L￿ 2024. The trustees are responsble for the preparation of the accounts. The churth's tnjstees C(￿sIder that an audlt Is not required for this year under ￿bon 144(2) of the Charfties Att 2011 (the 2011 Att) and that an independent examinatlon is needed. It is my re5wns]bllty to: examlne the accounts under sectlon 145 of the 2011 Act to follow the procedures lald down In the General Dlredons given ty the ¢J)arity CoMmi￿10nets under secbon 145(5)(b) of the 2011 A¢ and to state whether particular matters have come to my attention My examination was carried OLtt in accordan￿ with the General [￿tiOnS given by the Charity Commissloners. An examlnatlon Indudes a of the accountlng records kept by the Church and a comparison of the accounts presented ¥￿th those recorts. It aLso indLKJes conslderaUon of any unusual items or dixlosures in the accounts, arKS seeknng explanation from you as trustees concerning any sudi matters. The procedures Un￿rtakeft do not provide all the evtdence that w￿jId be required in an aLKlIt, and consequenty rK) oplnlon is given as to whether the accounts present a and falr vie¥V and the rekwyt Is limited to those matters set out in the next statement. Independent examlns statam In connettlon wth my examlnètlon, no matter has come.to my attentlon: l) whlch gives me reasonat￿e cause to bellerfe that in any material rw the requlrements: keep accounting record5 In accordan￿ wlth section 130 of the 2011 A¢ and prepare accounts accord with the accounyng records afKI to compty wtth the accountrng requirements of the 2011 Act have not been met or 2) to whlch, In my oplnlon, attentlon should be drdwn In order to ￿able undandlng of the accounts to be reached. Mark Graves MEng FCA 17 Millbrook Dnve Broughton Astley Leicestershl LE9 6UX Charity No: 1127930 )21&25 :5of15