## **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
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**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
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## **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
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**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
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## **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)**| |---|---| |You**may choose**to 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
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**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.-6 Analysis of Income and Expenditure (report) - 7.Tangible Fixed Assets 8. Debtors 9. Bank and cash Balances 10. Creditors 11. Analysis of Net Assets 12. Fund Movement Summary 13. Pensions 14. Related Charities 15. Reserves Policy 16. 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: - examine the accounts under section 145 of the 2011 Act - to follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act, and - to state whether particular matters have come to my attention ## **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: - 1) which gives me reasonable cause to believe that in any material respect the requirements: - keep accounting records in accordance with section 130 of the 2011 Act, and - prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act - have not been met or - 2) to which, in my opinion, attention should be drawn in order to enable understanding of the accounts to be reached. 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: - Furniture and fittings 10% per year - Audio Visual Equipment 20% per year - Computers and equipment 33% per year ## **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 examln*s 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 und*andlng of the accounts to be reached. Mark Graves MEng FCA 17 Millbrook Dnve Broughton Astley Leicestershl LE9 6UX Charity No: 1127930 )2*1&25 :5of15