## **Trustees’ Annual Report for the period**
## **From: January 2024 Period start date To: December 2024 Period end date**
## **Charity name: Edmonton Baptist Church**
**Charity registration number: 1128147** _(formally registered in February 2010)_
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|In accordance with the church constitution,
the principal purpose of Edmonton Baptist
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.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The main activities of the church are wide
and varied including, public Corporate
Worship which includes preaching and
teaching; Communion (Lords Supper);
Evangelism
and
outreach
mission;
discipleship;
education
and
training;
pastoral care; social action; encouraging
relationship building and supporting Baptist
ministry and other Christians.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18||
**Additional information (optional)** You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment
Contribution made by Para 1.38 volunteers Other
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**Church Life**
Edmonton Baptist Church is a vibrant, urban
multi-ethnic evangelical congregation with a
membership of around 266. On a wider front
the church is a member of the London
Baptist Association, the Baptist Union of
Great Britain and the Evangelical Alliance.
Our membership divides into three equal
groups; the Caribbean, African (mainly
Ghanaian & Nigerian) with the remainder
including people from a vast number of
nationalities and ethnicities.
**Leadership**
In keeping with Baptist tradition and
practice,
the
ultimate
congregational
leadership is vested in the Church Meeting.
The Church membership continue to meet
regularly to discern the will of the Lord for the
congregation. Members Meetings are held
six times per year. Members Meetings are
well attended and focus on matters
pertaining to the running of the church,
where reports are received and programs
approved. The day to day running of the
church
is
vested
in
the
deaconate
(constitutionally deemed the leadership of
the church) and the staff.
The Church Executive has given due regard
to the Charity Commissions’ guidance on
public benefit. During this year the church
has continued to carry out the following
activities in order to promote the gospel in
the local neighbourhood and beyond.
**Worship**
The church has two services every Sunday
at 9am and 11am. The 11am service is adult
and child friendly; alongside the main
worship we cater for a Sunday School which
caters for approximately 25 children and
young people divided into age groups
ranging from 5-18. The children are served
by a team of dedicated leaders and|
|volunteers who provide Bible teaching in|
|---|
|exciting ways.|
|The service at 1.30pm is a small one|
|catering to French speaking people. The|
|majority of visitors to this service are from|
|the Democratic Republic of Congo.|
|The evening service at 7.30pm is for a large|
|local Turkish/Bulgarian community. This|
|service is for Turkish speaking Christians|
|and is led as part of our outreach work by a|
|partnership with London City Mission on a|
|rental/lease arrangement. The service is|
|evangelical in style and well attended by|
|extended family groups.|
|All services at Edmonton Baptist Church are|
|centred
on
Bible
teaching.
We
are|
|committed to explaining the Bible in ways|
|that enable people to see its plain meaning|
|so that they may be empowered to follow|
|Jesus and to walk in the ways of the Lord|
|faithfully, in meaningful discipleship.|
|Additionally special worship events take|
|place in keeping with the Christian calendar|
|with examples such as;|
|•
Watch night service (to re-commit|
|our lives to Christs service at the|
|start of the new year)|
|•
Christmas, Easter, Pentecost and|
|Thanksgiving services|
|•
Weddings, Baptism (full immersion)|
|and Funeral services for members,|
|their
families
and
the
wider|
|community.|
|**Ecumenica**l|
|From time to time the church joins with|
|members of other churches in borough wide|
|evangelistic activities. We have a strong|
|partnership with the local Methodist church|
|and Anglican Church, taking part in|
|fundraising and community outreach events.|
|**Evangelism and Mission**|
|Edmonton Baptist Church is committed to|
|mission both local and global. At the local|
|level the church holds regular worship|
|services through which the church carries|
|out evangelism and pastoral outreach to the|
|community. The ‘Step by Step’ club for the|
|homeless delivers practical help relating to|
|people’s needs.|
|On the global front the church supports|
|BUGB, BMS World Mission as well as other|
|local and global ministries. Other outreach|
|activities include a highly successful Pre-|
|School (run by a separate registered charity)|
|with two sessions of children every day from|
|Monday to Friday. The Brownies and Guides|
|are approaching their 95thyear at the|are approaching their 95thyear at the|
|---|---|
|church. We also run a Gospel Book Table||
|outside|the church to reach out to the people|
|of Edmonton who want to know more about||
|our faith. Additional activities include;||
|•|Seasonal outreach events like our|
||‘Gospel Outreach Day’ that included|
||live music ministry, preaching and a|
||fun day of activities for children.|
|•|A weekly lunch club for our members|
||and local community, serving a hot|
||meal and various craft and social|
||activity for vulnerable adults|
|•|The Women of Faith Ministry which|
||meets
monthly
and
organises|
||support
activities
for
Christian|
||women of faith (and none). The|
||group
plans
and
carries
out|
||charitable activities such as lunches|
||and social events for the church.|
||They also raise funds via cake &|
||craft sales for example.|
|•|English classes for members of the|
||community who do not speak|
||English as their first language. This|
||group
are
taught
English
by|
||volunteers in the church. Activities|
||include crafts, reading and learning|
||to be citizens through cultural|
||enrichment in Edmonton.|
|•|There are weekly prayer meetings|
||for those wanting prayer on Monday|
||evenings. These meetings are|
||smaller
and
more
dynamic
in|
||worship style. A team of volunteer|
||members
and
our
Evangelism|
||Outreach Minister manages this on a|
||weekly basis.|
|•|The church continues its partnership|
||with Mill Gove and gives away all|
||produce from our harvest Service to|
||this charity in Chingford, East|
||London.|
|•|We continue to maintain an online|
||Service at 11am on Sundays for|
||members who cannot come into the|
||building due to ill health or disability.|
**Additional information (optional)** You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set
|Performance of fundraising
activities against objectives
set|Para 1.41||
|---|---|---|
|Investment performance
against objectives|Para 1.41||
|Other||Our Lead Minister Reverend Stephen
Peake retired in August 2024. The church
will be engaging in finding a new Lead
Minister in the coming year.|
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|Although the charity did not engage in any
fundraising activities, we received
donations in the year January 2024 -
December 2024 resulted in incoming
resources of £282184.27 plus restricted
fund of £286,348.52. Total expended for
the period were £286345.05.
The charity can report a deficit of
£4,160.78.
Roughly the same is expected for the
coming year dependent on membership
giving plus there are no major future plans
on new developments.|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The charity keeps an operational reserve
as unrestricted funds set aside to cover at
least six months operational cost including
redundancy package in case the
organisation is dissolved.|
|Amount of reserves held|Para 1.22|The amount £286,348.52 in fixed deposit
account and £42,457.65 in general account
reserve.|
|Reasons for holding zero
reserves|Para 1.22|**N/A**|
|Details of fund materially in
deficit|Para 1.24|**None**|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**None**|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
||||
|---|---|---|
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47||
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
|A description of the principal
risks facing the charity|Para 1.46||
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:||CONSTITUTION|
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25||
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|ELECTED BY MEMBERS|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25||
## **Additional information (optional)**
## You may choose to include further statements where relevant about:
||||
|---|---|---|
|Policies and procedures
adopted for the induction
and training of trustees|Para 1.51||
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any related
parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
|Charity name|Edmonton Baptist Church|
|---|---|
|Other name the charity uses|N/A|
|Registered charity number|1128147|
|Charity’s principal address|The Green, Monmouth Road, Edmonton, N9 0LS
www.edmontonbaptist.org.uk|
|||
**Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**|
|---|---|---|---|---|
||Rev. Stephen
Peake|Senior
Minister/Trustee|Retired from office post
August 2024||
||William Clark|Evangelism
Outreach
Minister/Trustee|Full year||
||Isaac Ameyaw|Youth Worker|Retired April 2024||
||George Blake|Deacon/Trustee|# Retired November
2024||
||Joycelyn Dehaney|Deacon/Trustee|# Retired November
2024||
||Nadine Campbell-
Simms|Deacon/Trustee|# Retired November
2024||
||Neil Amaning-
Ampong|Deacon/Trustee|Appointed November
2024||
||Margaret Ampofo-
Anti|Deacon/Trustee|Appointed November
2024||
||Sheila Barker|Deacon/Trustee|Appointed November
2024||
||Sabrina Dalzine|Deacon/Trustee|Resigned 19thMay2025||
||Lynn Dunkley|Deacon/Trustee|Appointed November
2024||
||Adetutu De-Draco|Deacon/Trustee|Resigned 3rdJuly2025||
||Christine
Geohagen|Deacon/Trustee|Appointed November
2024||
||Elizabeth Hamlin|Deacon/Trustee|Appointed November
2024||
||Helen Kiafuca|Deacon/Trustee|Resigned 3rdJuly2025||
||Ruth Watson|Deacon/Trustee|Appointed November
2024||
||||||
||||||
||||||
# = retired from deaconate after serving a full term
– Corporate trustees names of the directors at the date the report was approved
|**Director name**|||
|---|---|---|
|William Clark|Evangelism Pastor||
|Neil Ammaning-Ampong|Trustee||
|Margaret Ampofo-Anti|Trustee||
|Sheila Barker|Trustee||
|Lynn Dunkley|Trustee||
|Adetutu De-Draco|Trustee||
|Christine Geohagen|Trustee||
|Elizabeth Hamlin|Trustee||
|Helen Kiafuca|Trustee||
|Ruth Watson|Trustee||
||||
||||
Name of trustees holding title to property belonging to the charity
|**Trustee name**|**Dates acted if not for whole year**||
|---|---|---|
|**London Baptist Property**
**Board**|**Holding Trustees**||
||||
||||
||||
||||
||||
## **Funds held as custodian trustees on behalf of others**
|Description of the assets
held in this capacity|Tangible fixed assets are as follows
•
The church land and buildings
•
The church manse properties (3)
_74 Stanley Road, N9 9AB_
_19 Cyprus Road, N9 9PG_
_78 King Edwards Road, N9 7R_P
•
Furniture, fittings, resources and equipment in said
properties|
|---|---|
|Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects||
|Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets||
**Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
|**Type of**|**Name**|**Address**|
|---|---|---|
|**adviser**|||
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
## **Trustees’ Annual Report for the period**
## **From: January 2024 Period start date To: December 2024 Period end date**
## **Charity name: Edmonton Baptist Church**
**Charity registration number: 1128147** _(formally registered in February 2010)_
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|In accordance with the church constitution,
the principal purpose of Edmonton Baptist
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.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The main activities of the church are wide
and varied including, public Corporate
Worship which includes preaching and
teaching; Communion (Lords Supper);
Evangelism
and
outreach
mission;
discipleship;
education
and
training;
pastoral care; social action; encouraging
relationship building and supporting Baptist
ministry and other Christians.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18||
**Additional information (optional)** You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment
Contribution made by Para 1.38 volunteers Other
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**Church Life**
Edmonton Baptist Church is a vibrant, urban
multi-ethnic evangelical congregation with a
membership of around 266. On a wider front
the church is a member of the London
Baptist Association, the Baptist Union of
Great Britain and the Evangelical Alliance.
Our membership divides into three equal
groups; the Caribbean, African (mainly
Ghanaian & Nigerian) with the remainder
including people from a vast number of
nationalities and ethnicities.
**Leadership**
In keeping with Baptist tradition and
practice,
the
ultimate
congregational
leadership is vested in the Church Meeting.
The Church membership continue to meet
regularly to discern the will of the Lord for the
congregation. Members Meetings are held
six times per year. Members Meetings are
well attended and focus on matters
pertaining to the running of the church,
where reports are received and programs
approved. The day to day running of the
church
is
vested
in
the
deaconate
(constitutionally deemed the leadership of
the church) and the staff.
The Church Executive has given due regard
to the Charity Commissions’ guidance on
public benefit. During this year the church
has continued to carry out the following
activities in order to promote the gospel in
the local neighbourhood and beyond.
**Worship**
The church has two services every Sunday
at 9am and 11am. The 11am service is adult
and child friendly; alongside the main
worship we cater for a Sunday School which
caters for approximately 25 children and
young people divided into age groups
ranging from 5-18. The children are served
by a team of dedicated leaders and|
|volunteers who provide Bible teaching in|
|---|
|exciting ways.|
|The service at 1.30pm is a small one|
|catering to French speaking people. The|
|majority of visitors to this service are from|
|the Democratic Republic of Congo.|
|The evening service at 7.30pm is for a large|
|local Turkish/Bulgarian community. This|
|service is for Turkish speaking Christians|
|and is led as part of our outreach work by a|
|partnership with London City Mission on a|
|rental/lease arrangement. The service is|
|evangelical in style and well attended by|
|extended family groups.|
|All services at Edmonton Baptist Church are|
|centred
on
Bible
teaching.
We
are|
|committed to explaining the Bible in ways|
|that enable people to see its plain meaning|
|so that they may be empowered to follow|
|Jesus and to walk in the ways of the Lord|
|faithfully, in meaningful discipleship.|
|Additionally special worship events take|
|place in keeping with the Christian calendar|
|with examples such as;|
|•
Watch night service (to re-commit|
|our lives to Christs service at the|
|start of the new year)|
|•
Christmas, Easter, Pentecost and|
|Thanksgiving services|
|•
Weddings, Baptism (full immersion)|
|and Funeral services for members,|
|their
families
and
the
wider|
|community.|
|**Ecumenica**l|
|From time to time the church joins with|
|members of other churches in borough wide|
|evangelistic activities. We have a strong|
|partnership with the local Methodist church|
|and Anglican Church, taking part in|
|fundraising and community outreach events.|
|**Evangelism and Mission**|
|Edmonton Baptist Church is committed to|
|mission both local and global. At the local|
|level the church holds regular worship|
|services through which the church carries|
|out evangelism and pastoral outreach to the|
|community. The ‘Step by Step’ club for the|
|homeless delivers practical help relating to|
|people’s needs.|
|On the global front the church supports|
|BUGB, BMS World Mission as well as other|
|local and global ministries. Other outreach|
|activities include a highly successful Pre-|
|School (run by a separate registered charity)|
|with two sessions of children every day from|
|Monday to Friday. The Brownies and Guides|
|are approaching their 95thyear at the|are approaching their 95thyear at the|
|---|---|
|church. We also run a Gospel Book Table||
|outside|the church to reach out to the people|
|of Edmonton who want to know more about||
|our faith. Additional activities include;||
|•|Seasonal outreach events like our|
||‘Gospel Outreach Day’ that included|
||live music ministry, preaching and a|
||fun day of activities for children.|
|•|A weekly lunch club for our members|
||and local community, serving a hot|
||meal and various craft and social|
||activity for vulnerable adults|
|•|The Women of Faith Ministry which|
||meets
monthly
and
organises|
||support
activities
for
Christian|
||women of faith (and none). The|
||group
plans
and
carries
out|
||charitable activities such as lunches|
||and social events for the church.|
||They also raise funds via cake &|
||craft sales for example.|
|•|English classes for members of the|
||community who do not speak|
||English as their first language. This|
||group
are
taught
English
by|
||volunteers in the church. Activities|
||include crafts, reading and learning|
||to be citizens through cultural|
||enrichment in Edmonton.|
|•|There are weekly prayer meetings|
||for those wanting prayer on Monday|
||evenings. These meetings are|
||smaller
and
more
dynamic
in|
||worship style. A team of volunteer|
||members
and
our
Evangelism|
||Outreach Minister manages this on a|
||weekly basis.|
|•|The church continues its partnership|
||with Mill Gove and gives away all|
||produce from our harvest Service to|
||this charity in Chingford, East|
||London.|
|•|We continue to maintain an online|
||Service at 11am on Sundays for|
||members who cannot come into the|
||building due to ill health or disability.|
**Additional information (optional)** You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set
|Performance of fundraising
activities against objectives
set|Para 1.41||
|---|---|---|
|Investment performance
against objectives|Para 1.41||
|Other||Our Lead Minister Reverend Stephen
Peake retired in August 2024. The church
will be engaging in finding a new Lead
Minister in the coming year.|
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|Although the charity did not engage in any
fundraising activities, we received
donations in the year January 2024 -
December 2024 resulted in incoming
resources of £282184.27 plus restricted
fund of £286,348.52. Total expended for
the period were £286345.05.
The charity can report a deficit of
£4,160.78.
Roughly the same is expected for the
coming year dependent on membership
giving plus there are no major future plans
on new developments.|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The charity keeps an operational reserve
as unrestricted funds set aside to cover at
least six months operational cost including
redundancy package in case the
organisation is dissolved.|
|Amount of reserves held|Para 1.22|The amount £286,348.52 in fixed deposit
account and £42,457.65 in general account
reserve.|
|Reasons for holding zero
reserves|Para 1.22|**N/A**|
|Details of fund materially in
deficit|Para 1.24|**None**|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**None**|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
||||
|---|---|---|
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47||
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
|A description of the principal
risks facing the charity|Para 1.46||
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:||CONSTITUTION|
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25||
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|ELECTED BY MEMBERS|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25||
## **Additional information (optional)**
## You may choose to include further statements where relevant about:
||||
|---|---|---|
|Policies and procedures
adopted for the induction
and training of trustees|Para 1.51||
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any related
parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
|Charity name|Edmonton Baptist Church|
|---|---|
|Other name the charity uses|N/A|
|Registered charity number|1128147|
|Charity’s principal address|The Green, Monmouth Road, Edmonton, N9 0LS
www.edmontonbaptist.org.uk|
|||
**Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**|
|---|---|---|---|---|
||Rev. Stephen
Peake|Senior
Minister/Trustee|Retired from office post
August 2024||
||William Clark|Evangelism
Outreach
Minister/Trustee|Full year||
||Isaac Ameyaw|Youth Worker|Retired April 2024||
||George Blake|Deacon/Trustee|# Retired November
2024||
||Joycelyn Dehaney|Deacon/Trustee|# Retired November
2024||
||Nadine Campbell-
Simms|Deacon/Trustee|# Retired November
2024||
||Neil Amaning-
Ampong|Deacon/Trustee|Appointed November
2024||
||Margaret Ampofo-
Anti|Deacon/Trustee|Appointed November
2024||
||Sheila Barker|Deacon/Trustee|Appointed November
2024||
||Sabrina Dalzine|Deacon/Trustee|Resigned 19thMay2025||
||Lynn Dunkley|Deacon/Trustee|Appointed November
2024||
||Adetutu De-Draco|Deacon/Trustee|Resigned 3rdJuly2025||
||Christine
Geohagen|Deacon/Trustee|Appointed November
2024||
||Elizabeth Hamlin|Deacon/Trustee|Appointed November
2024||
||Helen Kiafuca|Deacon/Trustee|Resigned 3rdJuly2025||
||Ruth Watson|Deacon/Trustee|Appointed November
2024||
||||||
||||||
||||||
# = retired from deaconate after serving a full term
– Corporate trustees names of the directors at the date the report was approved
|**Director name**|||
|---|---|---|
|William Clark|Evangelism Pastor||
|Neil Ammaning-Ampong|Trustee||
|Margaret Ampofo-Anti|Trustee||
|Sheila Barker|Trustee||
|Lynn Dunkley|Trustee||
|Adetutu De-Draco|Trustee||
|Christine Geohagen|Trustee||
|Elizabeth Hamlin|Trustee||
|Helen Kiafuca|Trustee||
|Ruth Watson|Trustee||
||||
||||
Name of trustees holding title to property belonging to the charity
|**Trustee name**|**Dates acted if not for whole year**||
|---|---|---|
|**London Baptist Property**
**Board**|**Holding Trustees**||
||||
||||
||||
||||
||||
## **Funds held as custodian trustees on behalf of others**
|Description of the assets
held in this capacity|Tangible fixed assets are as follows
•
The church land and buildings
•
The church manse properties (3)
_74 Stanley Road, N9 9AB_
_19 Cyprus Road, N9 9PG_
_78 King Edwards Road, N9 7R_P
•
Furniture, fittings, resources and equipment in said
properties|
|---|---|
|Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects||
|Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets||
**Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
|**Type of**|**Name**|**Address**|
|---|---|---|
|**adviser**|||
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
## **Annual Report and Financial Statements 31 December 2024**
## **Charity Registration Number: 1128147**
## **www.edmontonbaptist.org.uk**
Tandem Accounting Limited Chartered Accountants 17 Heathville Road London N19 3AL
|**EDMONTON BAPTIST CHURCH**||
|---|---|
|**Annual Report and Financial Statements 2024**||
|**Contents**||
||**Page**|
|**Legal and administrative information**|**2**|
|**Annual Report of the Church Executive**|**4**|
|**Independent Examiner's report to the Church Executive**|**10**|
|**Statement of financial activities**|**11**|
|**Balance sheet**|**12**|
|**Notes to the financial statements**|**13**|
_1_
## **EDMONTON BAPTIST CHURCH**
## **Legal & Administrative Information For the year ended 31 December 2024**
**Charity Name** Edmonton Baptist Church. The Church was established 1859. **Charity number** 1128147. The church was formally registered with the Charity Commission on 19 February 2010.
**Affiliations** The church is a member of the Baptist Union of Great Britain, the London Baptist Association and the Evangelical Alliance. **Principal Address** Edmonton Baptist Church, The Green, Monmouth Road, Edmonton, London N9 0LS. **Governing** The Church’s governing documents are as follows: **Documents** • The Church Constitution adopted 11 January 2009 • The Church Trust Deed, dated 31 January 1862, governing the Church’s constitution and property at the Green, Monmouth Road, Edmonton N9 0LS • The Manse Trust Deeds dated: `o` 19 August 1985 (74 Stanley Road, Edmonton N9 9AB), `o` 18 September 1995 (19 Cyprus Road, Edmonton N9 9PG) `o` 14 May 2004 (78 King Edwards Road, Edmonton, London N9 7RP)
**Objective** In accordance with the church constitution, 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.
The main activities of the church are wide and varied including, public Corporate Worship which includes preaching and teaching; Communion (Lords Supper); Evangelism and outreach mission; discipleship; education and training; pastoral care; social action; encouraging relationship building and supporting Baptist ministry and other Christians.
||**Trustees**
The Trustees who served during the year or who were serving at the date of this report were:
Holding Trustee:
London Baptist Property Board Limited
Managing Trustees:
Senior Minister
Rev. Stephen Peake (Retired August 2024)|**Trustees**
The Trustees who served during the year or who were serving at the date of this report were:
Holding Trustee:
London Baptist Property Board Limited
Managing Trustees:
Senior Minister
Rev. Stephen Peake (Retired August 2024)|
|---|---|---|
||
Evangelism & Outreach Minister
William Clark||
||Youth Worker
Isaac Ameyaw
(Retired April 2024)||
||||
||Deacons
Neil Amaning-Ampong
(Appointed November 2024)||
||Lynn Dunkley
(Appointed November 2024)||
||Ruth Watkins
(Appointed November 2024)||
||Elizabeth Hamlin
(Appointed November 2024)||
||Sabrina Dalzine
(Retired May 2025)||
||Joycelyn Dehaney
(Retired November 2024)||
||George Blake
(Retired November 2024)||
||Nadine Campbell-Simms
(Retired November 2024)||
||Christine Geohagen
(Appointed November 2024)||
||Helena Kiafuca
(Retired July 2025)
Keisha Barnett
Sheila Barker
Adetutu De-Dravo
(Retired July 2025)
Margaret Ampofo-Anti||
||||
||||
||||
||||
||||
_2_
## **EDMONTON BAPTIST CHURCH**
**Legal & Administrative Information For the year ended 31 December 2024**
**Key Management** Those in charge of planning, directing, controlling, running and operating the Charity, including **Personnel** those members of staff who are the senior management personnel to whom the trustees have delegated significant authority or responsibility in the day-to-day running of the charity, are the Managing Trustees and the Church Administrator. **Bankers** Barclays Bank Lower Edmonton Branch Northeast London Group PO Box 2403, London, N18 2BY **Independent** John Helm ACA **Examiner** Tandem Accounting Limited 17 Heathville Road London N19 3AL **Solicitor** Carter Lemon Camerons 11 Breams Buildings London EC4A 1DW
_3_
## **EDMONTON BAPTIST CHURCH**
## **Annual Report of the Church Executive For the year ended 31 December 2024**
The Church Executive submits its annual report and the financial statements of Edmonton Baptist Church (“the Church”) for the year ended 31 December 2024. The financial statements have been prepared in the format prescribed by the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP2019 (FRS102)) and the Financial Reporting Standard 102. The legal and administrative information set out earlier in this document forms part of this report.
## **1. Structure, Governance & Management**
## **1.1 Trustees**
The Church has two classes of trustees as follows:
## **1.1.1 Managing Trustees**
The Managing Trustees of the Church are responsible for the day-to-day management of the Church’s business in accordance with the Church’s objects. The Managing Trustees are the members of the Church Executive elected by the Church members’ meeting. The Church Executive consists of all the deacons, the church administrator, the church treasurer, with ministers as ex officio members.
- Deacons will normally serve a term of office of four years. Deacons will not normally be eligible for nomination for one year after the completion of two terms. The maximum number of deacons is 12.
- Ministers are appointed at Special Church Meetings and serve without fixed term. They can only be removed at Special Church Meetings.
The Church Executive meets approximately 11 times per annum to discuss a full range of matters relating to finance, fabric, general administration, the implementation of the church constitution and responsibility for the keeping of the church membership roll.
None of the Church’s officers, with the exception of the Ministers, receive remuneration. The Church maintains trustee indemnity insurance on behalf of the Managing Trustees.
The induction process for any church member newly appointed to the Church Executive comprises an initial meeting with the Minister(s) and receipt of copies of:
- the Church Constitution
- the most recent financial statements
- the Charity Commission’s guidance ‘The Essential Trustee’.
## **1.1.2 Holding Trustee**
The Holding Trustee is responsible for holding the Church’s land and buildings on trust for the benefit of the Church and ensuring that the use of the land and buildings is as envisaged by the governing documents. The Holding Trustee is appointed by the Members without fixed term and can be removed by the Members.
## **1.2 Church Members**
Church Membership is open to those who:
- accept the Beliefs of the Church;
- commit themselves to serving Christ within the Church and beyond;
- abide by the decisions of the Church Members’ Meeting;
- acknowledge their responsibilities as Church Members;
- have their membership application accepted by the Church Members’ Meeting.
Church Members share in the responsibility for the finances, administration, maintenance and activities of the church and elect the Church Executive. Church Members meet regularly each year for business meetings and receive reports from the Church Executive.
_4_
**EDMONTON BAPTIST CHURCH**
## **Annual Report of the Church Executive For the year ended 31 December 2024**
## **1.3 Personnel**
The Ministers (including, when appointed: lead and associate) are full time officers of the church who each receive a stipend and are provided with rent free accommodation in the manse properties. Our Lead Minister Reverend Stephen Peake retired in August 2024. The church will be engaging in finding a new Lead Minister in the coming year.
The following personnel are salaried:
Church Administrator Sheila Hamshaw Church Finance Administrator Gladys Mwaungulu Youth Worker Isaac Ameyaw (From March 2024) Administration Assistant Scott Billet
## **1.4 Risk Management**
The Church’s primary concern and objective is the glory of God. Whilst it is the Church’s policy to trust wholly in the Lord that He will work out His purpose to this end, the Church also acknowledges that it has a responsibility, both as individual members and as a body of members, for the identification and proper management of risks faced by the church in achieving its primary aim. The Church Executive has therefore assessed the major risks to which the church is exposed, in particular those relating to the specific operational areas of the charity, its investments and its finances. The Church Executive believes that, by monitoring reserve levels, by ensuring that controls exist over key financial systems, and by examining the operational risks faced by the church, it has established effective systems and procedures to mitigate those risks.
## **2. Activities & Strategies**
Edmonton Baptist Church is a vibrant urban multi-ethnic evangelical congregation with a membership of around 266 **.** On a wider front the Church is in membership with the London Baptist Association, the Baptist Union of Great Britain and the Evangelical Alliance. The membership easily divides into three equal groups: the Caribbean, African (especially Ghanaian and Nigerian) and the remainder include people from a vast number of nationalities and ethnicities.
## • **Leadership**
In keeping with Baptist tradition and practice the ultimate congregational leadership is vested in the Church meeting. The Church meets regularly to discern the will of the Lord for the congregation. These meetings are held six times per year. At the Church meetings members discuss matters pertaining to the running of the Church, receive reports and approve programmes. The day to day running of the Church is vested in the deaconate (constitutionally deemed the leadership of the church) and the staff.
The Church Executive has given due regard to the Charity Commissions’ guidance on public benefit. During the year the Church continued to carry out the following activities in order to promote the Gospel in the local neighbourhood and beyond.
## • **Worship**
The Church has two services every Sunday at 9.00am and 11am. The 11am service is adult and child friendly; alongside the main worship the service caters for a Sunday school of about 25 children and young people divided into age groups ranging from 5-18. The children and young people are served by a dedicated team of leaders and helpers who provide significant Bible teaching in exciting ways. The 1.30pm service is a small one catering for French speaking people. The dominant group currently is made up of people from the Democratic Republic of Congo.
The evening service at 7.30pm is for a large local Turkish/Bulgarian community. This service is for Turkish speaking Christians and is led as part of our outreach work by a partnership with London City Mission on a rental/lease arrangement. The service is evangelical in style and well attended by extended family groups
The services are centred on Bible teaching. The Church is committed to explaining the text of the Bible in ways that enable people to see its plain meaning so that they may be empowered to follow Jesus and to walk in the ways of the Lord faithfully in meaningful discipleship.
_5_
**EDMONTON BAPTIST CHURCH**
## **Annual Report of the Church Executive For the year ended 31 December 2024**
Additionally special worship events take place in keeping with the Christian calendar with examples such as:
- Watch night service (to re-commit our lives to Christs service at the start of the new year);
- Christmas, Easter, Pentecost and Thanksgiving services; and
- Weddings, Baptism (full immersion) and Funeral services for members, their families and the wider community.
- **Mission**
The Church is committed to mission both local and global. At the local level the Church holds regular worship services through which the Church carries out evangelism and pastoral outreach to the community. The ‘Step by Step’ club for the homeless deliver practical help relating to people’s needs.
On the global front the church supports BUGB, BMS World Mission as well as other local and global ministries.
Other outreach activities include a highly successful Pre-School (run by a separate registered charity) with two sessions of children every day from Monday to Friday. The Brownies and Guides are approaching their **95th** year at the church. We also run a Gospel Book Table outside the church to reach out to the people of Edmonton who want to know more about our faith. Additional activities include;
- Seasonal outreach events like our ‘Gospel Outreach Day’ that included live music ministry, preaching and a fun day of activities for children.
- A weekly lunch club for our members and local community, serving a hot meal and various craft and social activity for vulnerable adults.
- The Women of Faith Ministry which meets monthly and organises support activities for Christian women of faith (and none). The group plans and carries out charitable activities such as lunches and social events for the church. They also raise funds via cake & craft sales for example.
- English classes for members of the community who do not speak English as their first language. This group are taught English by volunteers in the church. Activities include crafts, reading and learning to be citizens through cultural enrichment in Edmonton.
- There are weekly prayer meetings for those wanting prayer on Monday evenings. These meetings are smaller and more dynamic in worship style. A team of volunteer members and our Evangelism Outreach Minister manages this on a weekly basis.
- The church continues its partnership with Mill Gove and gives away all produce from our harvest Service to this charity in Chingford, East London.
- We continue to maintain an online Service at 11am on Sundays for members who cannot come into the building due to ill health or disability.
## **3. Achievements and Performance**
Originally launched as the _Step By Step Club_ in October 2010, this initiative has grown significantly and now operates as the Wednesday Food Collection. It supports an average of 40 individuals weekly, offering essential food assistance to members of the local community.
Formerly known as the _Tuesday Luncheon Club_ , this group has been active for many years and is now held on Thursdays. It includes a time of craft activities, followed by shared fellowship and lunch. On average, 15 individuals attend each week, enjoying both creativity and companionship.
Around seven years ago, the church initiated the establishment of a Preschool run as a separate charity to serve the needs of local families. It continues to provide quality early years education in a nurturing environment for the wider community
## **4. Financial Review**
The church’s main sources of funding are the free will offerings of church members and others in attendance at church meetings, and income from hiring out the church’s premises and facilities.
_6_
## **EDMONTON BAPTIST CHURCH**
## **Annual Report of the Church Executive For the year ended 31 December 2024**
## **4.1 Financial Activity and Financial Position**
The Statement of Financial Activities and Balance Sheet can be found on pages 11 and 12 respectively. The Church’s reserves increased by £18,741 during the year (2023 – decreased by £5,715). The balance sheet shows total net assets of £1,813,803 (2023: £1,795,062).
Included in total funds are amounts totalling £45,198 (2023: £43,734) which are restricted. These monies have either been raised for, and their use restricted to, specific purposes, or they comprise donations subject to donor-imposed conditions. Full details of these restricted funds can be found in note 11 to the accounts together with an analysis of movements in the year.
## **4.2 Reserves Policy**
The Church Executive has examined the requirements for free reserves, i.e. those unrestricted funds not invested in tangible fixed assets and programme related investments. The Church Executive considers that, given the nature of the church’s work, free reserves should be equivalent to approximately 6 months’ routine general fund expenditure, plus committed future expenditure on other projects, where funds permit. The Church Executive is of the opinion that this provides sufficient flexibility to cover temporary shortfalls in incoming resources and will allow the church to cope and respond to unforeseen emergencies whilst specific action plans are implemented. At 31 December 2024 the church had net free reserves of £312,491 (2023: £293,564) as follows:
|**Total reserves**
Less: restricted funds
Less: unrestricted fixed assets used for the continuing work of the church
**Free reserves**
**Free reserves requirement:**
6 month’s budgeted routine expenditure|**2024**|**2023**
**£**
**1,795,062**
(43,734)
(1,457,764)
**293,564**
**150,000**|
|---|---|---|
||**£**||
||||
||**1,814,697**||
||(45,198)||
||(1,457,008)||
||||
||**312,491**||
||||
||||
||**150,000**||
||||
||||
The Trustees are aware that free reserves are in excess of the free reserves requirement and are actively looking at ways in which the gap can be legitimately reduced in accordance with the charitable objectives.
## **4.3 Investment Policy**
Funds not required immediately for operational purposes are placed on interest bearing deposits.
## **4.4 Grants Policy**
The Church makes grants, equivalent to approximately 10% of its incoming resources annually, to support missionary endeavours both in the UK and abroad. The policy of the church is to give grants on the basis that they are subject to annual review and only renewed on the basis of meeting set criteria. The missionary societies regularly supported include BMS World Mission (www.bmsworldmission.org), BUGB Home Mission (www.baptist.org.uk/homemission), and Jews for Jesus (www.jewsforjesus.org). In addition, the Church makes anonymous love gifts, at the discretion of the ministers and deacons, to those in need within the Church fellowship. For details of grants made, see note 3b.
## **5. Plans for Future Periods**
We are committed to developing a mature Christ-centred congregation that is biblically literate, engaging in dynamic worship and prayer, deepening fellowship and reaching out in word and in deed to a world hungry for the Gospel.
The following are the five big ideas which will be reflected in everything we do in the Church over these succeeding years **: Christ centeredness, Bible teaching, dynamic worship and prayer, supportive fellowship, and mission outreach both local and global.**
_7_
**Annual Report of the Church Executive For the year ended 31 December 2024**
## **EDMONTON BAPTIST CHURCH**
## **Christ centredness**
Christianity is a reality because our Lord Jesus Christ died on the cross for us and on our behalf. **We want to see the life of** every individual as well as that of the whole congregation centred on Christ. We are committed to ensuring that everyone grows deeper into maturity in Christ likeness that becomes the basis of attractive and fruitful lifestyles. Evangelism, nurture and outreach will therefore be at the heart of all our operations (Colossians 1:28-29).
## **Bible teaching**
The Christian faith is unashamedly book (Bible) based. **We want to see** every man and woman, boy and girl mature in their knowledge of the Bible and growing in obedience to God’s Word (Psalm 119:1-5, Proverbs 3:1-4).
## **Worship and prayer**
Worship, incorporating prayer, is our calling and our lifeline. In worship we express our gratitude to God for all the things he has done for us; we ascribe worth to him. Our calling deals in spiritual matters and therefore we ought to depend entirely upon God for his enabling. This we do in prayer. **We want to see** Edmonton Baptist Church known as a ‘worshipping and praying Church’ (John 4:23-24; 1 Thessalonians 5:17).
## **Fellowship**
**We want to see** the development of structures and relationships that encourage all members of the Church to engage in meaningful and supportive fellowship (John 13:34-35). To this end we will encourage the development of Bible study groups both on Church premises as well as in homes scattered throughout our neighbourhoods.
## **Mission – Church outreach**
Mission exists because worship does not! The callings of Abraham and Israel were intended to reach out to the whole world so that the Gentile nations may also enter into the blessings of God (see Genesis 12:1-3; Exodus 19:3-6). This is also true of the coming of Jesus (Matthew 1:21) and his calling and commissioning of the apostles (Mark 1:16-17; Matthew 28:1820). The Lord commanded his Church to be active in mission until he returns (Acts 1:6-9). **We want to see** the Church actively engaging in mission outreach locally, nationally and internationally. We will feed the hungry, clothe the naked, show compassion to those suffering ill health, emotional and psychological trauma, imprisonment and other types of deprivation.
## **6. Responsibilities of Trustees for the Financial Statements**
The Church Executive is responsible for preparing the report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law in England and Wales requires the Church Executive to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period.
In preparing those financial statements, the Church Executive is required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles of the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the activities of the charity will continue.
The Church Executive is responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the governing document. The Church Executive is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Church Executive is responsible for the maintenance and integrity of the charity and financial information included in the charity’s website.
_8_
## **EDMONTON BAPTIST CHURCH**
**Annual Report of the Church Executive For the year ended 31 December 2024**
## **7. Approval**
The report of the Church Executive was approved by the Church Executive on 24[th] July 2025 and signed on its behalf by:
_9_
## **EDMONTON BAPTIST CHURCH**
**Report of the Independent Examiner to the Church Executive of Edmonton Baptist Church**
I report on the financial statements of Edmonton Baptist Church for the year ended 31 December 2024, set out on pages 10 to 23.
This report is made solely to the Church Executive in accordance with section 145 of the Charities Act 2011 (the Act). My independent examination has been undertaken so that I might state to the Church Executive those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by the law, I do not accept responsibility to anyone other than the Trust and the Church Executive for my independent examination, for this report, or the opinions I have formed.
## **RESPECTIVE RESPONSIBILITIES OF CHURCH EXECUTIVE AND EXAMINER**
The Church Executive considers that an audit is not required for this year (under section 144(2) of the Act) and that an independent examination is needed.
It is my responsibility to:
- Examine the accounts (under section 145 of the Act);
- To follow the procedures laid down in the General Direction given by the Charity Commission (under section 145(5)(b) of the Act); and
- To state whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER’S STATEMENT**
My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity 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 explanations from the Church Executive concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
## **INDEPENDENT EXAMINER’S STATEMENT**
Since the charity’s gross income exceeds £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the church as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
**John Helm ACA Xx xxx 2025**
_10_
## **EDMONTON BAPTIST CHURCH**
## **Statement of Financial Activities For the year ended 31 December 2024**
|**Note**
**Income from:**
2
Donations and legacies
Charitable activities
Other trading activities
Investments
**Total Income**
**Expenditure on:**
3
Raising funds
Charitable activities
**Total Expenditure**
Net gains/(losses) on
investments
**Net income/(expenditure)**
**4**
Transfers between funds
**Net movement in funds**
**Total funds brought**
**forward**
**Total funds carried**
**forward**
|**Unrestricted**
**Funds**
**2024**
**£**
263,326
378
19,019
11,803||**Restricted**
**Funds**
**2024**
**£**
10,628
-
-
-
**10,628**
-
9,164
**9,164**
-
**1,464**
-
**1,464**
**43,734**
**45,198**||**Unrestricted**
**Funds**
**2023**
**£**
229,494
1,850
20,486
10,917|
|**Restricted**
**Funds**
**2023**
**£**
7,969
-
-
-
**7,969**
-
4,752
**4,752**
-
**3,217**
-
**3,217**
**40,517**
**43,734**|**Total**
**2023**
**£**
237,463
1,850
20,486
10,917
**270,716**
72
276,359
**276,431**
-
**(5,715)**
-
**(5,715)**
**1,800,777**
**1,795,062**|
|---|---|---|---|---|---|---|---|---|
|||||**Total**|||||
|||||**2024**|||||
|||||**£**|||||
||||||||||
|||||273,954|||||
|||||378|||||
|||||19,019|||||
|||||11,803|||||
||||||||||
||**294,526**||||**262,747**||||
|||||**305,154**|||||
||||||||||
||7
277,242
**277,249**
-
**17,277**
-
**17,277**
**1,751,328**
**1,768,605**||||72
271,607||||
||||||||||
|||||7|||||
|||||286,406|||||
||||||||||
||||||**271,679**||||
|||||**286,413**|||||
||||||||||
||||||-||||
||||||||||
|||||-|||||
||||||||||
||||||**(8,932)**||||
|||||**18,741**|||||
||||||||||
||||||-||||
|||||-|||||
||||||||||
||||||**(8,932)**
**1,760,260**||||
|||||**18,741**|||||
||||||||||
||||||||||
|||||**1,795,062**|||||
||||||||||
||||||**1,751,328**||||
||||||||||
||||||||||
|||||**1,813,803**|||||
||||||||||
||||||||||
_11_
## **EDMONTON BAPTIST CHURCH**
## **Balance Sheet As at 31 December 2024**
|**Note**
**Fixed Assets**
Tangible Assets
5
**Current Assets**
Debtors
6
Cash At Bank And In Hand
**Creditors - Amounts Falling Due**
**Within One Year**
7
**Net Current Assets**
**Provisions**
8
**Net Assets**
Represented by:
**Unrestricted Income Funds**
9
**Restricted Income Funds**
10
**Total Funds**|**Unrestricted**
**Funds**
**2024**
**£**
1,457,008
1,457,008
30,525
286,165
316,690
5,093
311,597
-
**1,768,605**
1,768,605
-
**1,768,605**||**Restricted**
**Funds**
**2024**
**£**
-
0
-
45,198
45,198
-
45,198
-
**45,198**
-
45,198
**45,198**|||**Total**
**2023**
**£**
1,457,764|
|---|---|---|---|---|---|---|
|||||**Total**|||
|||||**2024**|||
|||||**£**|||
||||||||
|||||1,457,008|||
||||||||
|||||||1,457,764
10,441
330,649|
|||||1,457,008|||
||||||||
|||||30,525|||
|||||331,363|||
||||||||
|||||||341,090
3,792|
|||||361,888|||
||||||||
|||||5,093|||
||||||||
|||||||337,298|
|||||356,795|||
||||||||
|||||||-|
|||||-|||
||||||||
|||||||**1,795,062**|
|||||**1,813,803**|||
||||||||
|||||||1,751,328
43,734|
||||||||
||||||||
|||||1,768,605|||
|||||45,198|||
||||||||
|||||||**1,795,062**|
|||||**1,813,803**|||
||||||||
||||||||
The financial statements were approved by the Church Executive on 24[th] July 2025 and signed on its behalf by:
_12_
**EDMONTON BAPTIST CHURCH**
**Notes to the Financial Statements For the year ended 31 December 2024**
## **1. Accounting Policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **Basis of accounting**
The financial statements have been prepared under the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102). The financial statements are drawn up on the historical cost basis of accounting except for the revaluation of residential freehold land and buildings which are shown at market value.
The financial statements include all transactions, assets and liabilities for which the Church is responsible in law. They do not include the accounts of church groups that owe an affiliation to another body or those that are informal gatherings of church members.
The Church meets the definition of a public benefit entity under FRS 102.
## **Going Concern**
There are no material uncertainties about the charity’s ability to continue as a going concern and accordingly the accounts have been drawn up on a going concern basis.
## **Income recognition**
Voluntary income and donations (including legacies) are accounted for once the Church has entitlement to the income, it is probable the income will be received, and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for in the period to which the relevant donation is received. Grant income is recognised on a receivable basis.
The income from trading activities includes rental income from the letting of church premises and freehold land and buildings which is accounted for when earned.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Church; this is normally upon notification of the interest paid or payable by the bank.
## **Expenditure recognition**
Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. Longer term liabilities are discounted to present value. The Church is not registered for VAT and accordingly expenditure includes VAT where appropriate.
Charitable expenditure includes those costs in fulfilling the Church’s principal objects, as outlined in the Report of the Church Executive. These include grants payable and governance costs:
- Grants payable are payments made to third parties in furtherance of the Church’s objects. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the Church.
- Governance costs comprise all costs involving the public accountability of the Church and its compliance with regulation and good practice. These costs include costs related to the independent examination and legal fees.
The church pays pension contributions into the Baptist Pension Scheme, a final salary defined benefit scheme for contributions until 31 December 2011 and a defined contribution scheme for contributions made thereafter. The scheme is a multi-employer scheme, and it is not possible to identify the assets and liabilities of the scheme which are attributable to the church. The scheme is therefore accounted for as a defined contribution scheme, with contributions payable to the scheme being accounted for on an accruals basis. In addition, the church currently pays contributions towards a deficit on the defined benefit scheme. The deficit, discounted to present value, is fully provided in these accounts and the charge to the income and expenditure account, which is included in the total pension cost, is the employer contributions payable as adjusted by the movement in the discounted provision.
_13_
**EDMONTON BAPTIST CHURCH**
**Notes to the Financial Statements For the year ended 31 December 2024**
## **1. Accounting Policies**
Rentals under operating leases are charged as incurred over the term of the lease.
## **Tangible Fixed Assets**
Tangible fixed assets are accounted for as follows:
- The church land and buildings are stated at cost. Depreciation is not provided as the estimated residual value is considered to be the same or higher than the carrying value of the property in the accounts.
- The church manses are stated at valuation, with the most recent valuation taking place as at 31 December 2015 and the next valuation is expected to take place for the year ended 31 December 2024. Depreciation is not provided as the estimated residual value is considered to be the same or higher than the carrying value of the property in the accounts.
- The cost of furniture, fittings and equipment, less any expected residual value, is depreciated on a straight line basis over the effective useful life of the asset, which has been estimated as three years.
## **Investments**
Programme related investments, are shown at market value. Realised and unrealised gains and losses on investments are reflected through the Statement of Financial Activities. Programme related investments are investments made directly in pursuit of the church’s charitable purpose.
## **Debtors**
Debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.
## **Cash at bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.
## **Fund accounting**
The funds held by the charity are either:
- Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
- Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
- Endowment funds - these are funds whose capital must be maintained.
_14_
## **EDMONTON BAPTIST CHURCH**
## **Notes to the Financial Statements**
**For the year ended 31 December 2024**
## **2. Income**
|**Unrestricted**
**Funds**
**2024**
**£**
Donations & legacies
Offerings and donations
201,996
Income tax reclaimed
60,330
Legacies
1,000
263,326
Charitable activities
Funerals
378
Other trading activities
Lettings income
19,019
Investment income
Interest
11,803
**294,526**|**Restricted**
**Funds**
**2024**
**£**
10,027
601
-
10,628
-
-
-
**10,628**||||**Total**
**2023**
**£**
203,980
32,545
938|
|---|---|---|---|---|---|
||||**Total**|||
||||**2024**|||
||||**£**|||
|||||||
|||||||
||||212,023|||
||||60,931|||
||||1,000|||
|||||||
||||||237,463
1,850
20,486
10,917|
||||273,954|||
|||||||
||||378|||
|||||||
|||||||
||||19,019|||
|||||||
|||||||
||||11,803|||
|||||||
||||||**270,716**|
||||**305,154**|||
|||||||
|||||||
## **3. Expenditure**
## **3a. Expenditure on Raising Funds**
|**3a. Expenditure on Raising Funds**|||||||
|---|---|---|---|---|---|---|
|Collecting agent fee|**Unrestricted**
**Funds**
**2024**
**£**
7
**7**|**Restricted**
**Funds**
**2024**
**£**
-
**0**||||**Total**
**2023**
**£**
72|
|||||**Total**|||
|||||**2024**|||
|||||**£**|||
||||||||
|||||7|||
||||||||
|||||||**72**|
|||||**7**|||
||||||||
||||||||
## **3b. Expenditure on Charitable Activities**
|Provision of Ministers
Provision of salaried staff
Church life & outreach
Gifts & grants (see note 3d)
Office costs
Provision of Church building and facilities
Governance|**Unrestricted**
**Funds**
**2024**
**£**
111,643
70,940
19,805
27,364
12,296
32,598
2,596
**277,242**|**Restricted**
**Funds**
**2024**
**£**
891
56
3,989
4,228
-
-
-
**9,164**||||**Total**
**2023**
**£**
117,141
68,489
20,035
25,973
4,986
37,695
2,040|
|---|---|---|---|---|---|---|
|||||**Total**|||
|||||**2024**|||
|||||**£**|||
||||||||
|||||112,534|||
|||||70,996|||
|||||23,794|||
|||||31,592|||
|||||12,296|||
|||||32,598|||
|||||2,596|||
||||||||
|||||||**276,359**|
|||||**286,406**|||
||||||||
||||||||
_15_
## **EDMONTON BAPTIST CHURCH**
## **Notes to the Financial Statements For the year ended 31 December 2024**
## **3c. Staff Costs**
|**3c. Staff Costs**|||||
|---|---|---|---|---|
|Included within Expenditure on Charitable Activities are the following staff costs:
Gross salaries
Employer’s National Insurance
Employer’s Annual Allowance
Pension contributions (including movement on deficit pension provision)
Of which the following salaries and pension contributions were in relation to Key
Management Personnel:
Gross salaries
Pension contributions (excluding movements on deficit pension provision)||**2024**||**2023**|
|||**£**||**£**|
||||||
|||140,187||140,923|
|||12,232||11,916|
|||(5,000)||(5,000)|
|||8,994||16,199|
||||||
|||**156,413**||**164,038**|
||||||
||||||
||||||
|||81,528||86,125|
|||5,482||10,765|
||||||
No employee received emoluments in excess of £60,000 during the year. The three Ministers (two from March 2024) (2023: 3) lived in manse properties provided by the church.
|The average number of employees during the year:
Full time workers
Part time workers||**2024**||**2023**|
|---|---|---|---|---|
|||**Number**||**Number**|
||||||
|||4||4|
|||2||2|
||||||
|||**6**||**6**|
||||||
_16_
## **EDMONTON BAPTIST CHURCH**
## **Notes to the Financial Statements**
**For the year ended 31 December 2024**
## **3. Expenditure (continued)**
## **3d. Gifts to organisations and individuals**
Included within Expenditure on Charitable Activities are the following gifts to organisations and individuals:
|**Unrestricted**
**Funds**
**2024**
**£**
**Restricted**
**Funds**
**2024**
**£**
Gifts to organisations
Alzheimer’s Society
-
-
BMS World Mission
6,789
874
BUGB Home Mission
-
-
Cancer Research UK
-
-
Christian Aid
-
353
Disasters Emergency Committee
-
-
EBC Pre-School
-
1,679
Grace Organisation – Haringey Irish Centre
-
-
Home Mission UK
20,000
-
Jews for Jesus
-
-
Lupus UK
-
171
London City Mission
-
-
Mill Grove Christian Charitable Trust
-
327
Miniways Car Service
-
-
North Middlesex Hospital Trust
-
-
Operation Agri
25
346
Prostate Cancer UK
-
398
Royal British legion (Poppy Appeal)
-
65
Samaritan Purse
-
15
The Leprosy Mission
-
-
United Christian Broadcasters
500
-
**27,314**
**4,228**
Gifts to individuals
50
-
**27,364**
**4,228**
**4. Net Income/(Expenditure)**
This is stated after charging:
**Unrestricted**
**Funds**
**2024**
**£**
**Restricted**
**Funds**
**2024**
**£**
Independent examiner’s remuneration
2,596
-
Depreciation – owned assets
756
-
Hire of plant and machinery under operating leases
-
-|||
|---|---|---|
|||**Total**|
|||**2024**|
|||**£**|
||||
|||-|
|||7,663|
|||-|
|||-|
|||353|
|||-|
|||1,679|
|||-|
|||20,000|
|||-|
|||171|
|||-|
|||327|
|||-|
|||-|
|||371|
|||398|
|||65|
|||15|
|||-|
|||500|
||||
|||**31,542**|
||||
|||50|
||||
|||**31,592**|
||||
||||
||||
|||**Total**|
|||**2024**|
|||**£**|
||||
|||2,596|
|||756|
|||-|
||||
_17_
## **EDMONTON BAPTIST CHURCH**
## **Notes to the Financial Statements**
**For the year ended 31 December 2024**
## **5. Tangible Fixed Assets**
|**. Tangible Fixed Assets**|||||
|---|---|---|---|---|
|**Cost/valuation**
At 1 January 2024
Additions
Disposals
At 31 December 2024
**Depreciation**
At 1 January 2024
Charge For Year
Disposals
At 31 December 2024
**Net Book Value**
At 31 December 2024
At 31 December 2023|**Freehold**
**land &**
**buildings:**
**Church**
**£**
286,725
-
-
286,725
-
-
-
0
286,725
286,725|**Freehold**
**land &**
**buildings:**
**Manses**
**£**
**Fixtures,**
**fittings &**
**equipment**
**£**
1,170,000
47,555
-
-
-
-
1,170,000
47,555
-
46,516
-
756
-
-
0
47,272
1,170,000
283
1,170,000
1,039|||
||||||
||||||
|||||**Total**|
|||||**£**|
||||||
|||||1,504,280|
|||||-|
|||||-|
||||||
|||||1,504,280|
||||||
||||||
|||||46,516|
|||||756|
|||||-|
||||||
|||||47,272|
||||||
||||||
|||||1,457,008|
||||||
|||||1,457,764|
||||||
All of the fixed assets are used for charitable purposes. The church’s residential (manse) properties and their valuations are:
||**31 December 2015**
**valuation**|
|---|---|
|The Manse,74 StanleyRoad,Edmonton,London N9 9AB|395,000|
|The Manse,19 Cyprus Road,Edmonton,London N9 9PG|400,000|
|The Manse,78 KingEdwards Road,Edmonton,London N9 7RP|375,000|
||**1,170,000**|
The valuation of the residential properties was undertaken by the Church Executive with reference to local market values and recent sold prices.
## **6. Debtors**
|Prepayments
Gift Aid Receivable
Other debtors||**2024**||**2023**
**£**
8,012
1,439
990|
|---|---|---|---|---|
|||**£**|||
||||||
|||7,676|||
|||22,605|||
|||244|||
||||||
|||||**10,441**|
|||**30,525**|||
||||||
||||||
_18_
## **EDMONTON BAPTIST CHURCH**
## **Notes to the Financial Statements For the year ended 31 December 2024**
## **7. Creditors - Amounts Falling Due Within One Year**
|Accruals
Trade creditors
Other creditors including tax and social security||**2024**||**2023**
**£**
4,347
(1,186)
631
**3,792**|
|---|---|---|---|---|
|||**£**|||
||||||
|||3,903|||
|||600|||
|||590|||
||||||
|||**5,093**|||
||||||
## **8. Provisions**
The provision was in respect of deficit pension contributions due to the Baptist Pension Scheme. There is no longer a deficit under the plan. See note 12 for further explanation of the church’s pension commitment.
## **9. Unrestricted Funds**
|**9a. Current Year**
General fund
Designated Funds:
Maintenance Roof, Boiler, etc.
Weymouth Church Trip
Food for Special Celebration
Gift Day Donations
**9b. Prior Year**
General fund
Designated Funds:
Maintenance Roof, Boiler, etc.||**At 1**
**January**
**2024**
**£**
1,746,328
5,000
0
0
0
5,000
**1,751,328**|**Income**
**£**
**Expenditure**
**£**
281,747
(275,324)
-
-
1,912
(1,905)
20
(20)
10,847
-
12,779
(1,925)
**294,526**
**(277,249)**|**Income**
**£**
**Expenditure**
**£**
281,747
(275,324)
-
-
1,912
(1,905)
20
(20)
10,847
-
12,779
(1,925)
**294,526**
**(277,249)**|**Transfers**
**£**
(5,000)
5,000
-
-
-
5,000
**0**|**Gains/**
**(losses)**
**£**
-
-
-
-
-
0
**0**|**At 31**|**At 31**|
|---|---|---|---|---|---|---|---|---|
||||||||**December**||
|||||||||**2024**|
|||||||||**£**|
||||||||||
|||||||||1,747,751|
||||||||||
||||||||||
|||||||||10,000|
|||||||||7|
|||||||||0|
|||||||||10,847|
||||||||||
|||||||||20,854|
||||||||||
|||||||||**1,768,605**|
||||||||||
||||**Income**
**£**
**Expenditure**
**£**
262,747
(271,679)
-
-
**262,747**
**(271,679)**||**Transfers**
**£**
(5,000)
5,000
**0**|**Gains/**
**(losses)**
**£**
-
-
**0**|||
|||**At 1**
**January**
**2023**
**£**
1,760,260
0
**1,760,260**||||||**At 31**|
||||||||**December**||
|||||||||**2023**|
|||||||||**£**|
||||||||||
|||||||||1,746,328|
||||||||||
||||||||||
|||||||||5,000|
||||||||||
|||||||||**1,746,328**|
||||||||||
The transfer of £5,000 from unrestricted General fund to the designated Maintenance fund was in line with trustees’ decision to annually set aside this money to cover long-term maintenance issues like the roof, boilers etc.
Descriptions of the designated funds are as follows: **Maintenance Roof, Boiler etc:** This fund is used for maintenance for the roof and boilers etc. **Weymouth Church Trip:** This fund is used to fund the annual church trip.
_19_
**EDMONTON BAPTIST CHURCH**
## **Notes to the Financial Statements**
**For the year ended 31 December 2024**
## **9. Unrestricted Funds (continued)**
**Food for Special Celebration:** This fund is used towards food for special celebrations. **Gift Day Donations:** This fund is used to raise funds for the church reserves.
## **10. Restricted Funds**
|**10a Current year**
Baptist Mission Society
Bob Fagan Fund
Christian Aid
Church Directory
Communion Fund
EBC Preschool
EB Women of Faith
Enfield Lupus Support
Evangelism
Flowers
Foodbank
Front door replacement
Harvest Meal
Holiday Club
Homeless Project
Live streaming equipment
Living Waters
Memorial bench
Mill Grove Charitable Trust
Minister’s discretionary fund
MUMMs
New Building Fund
Operation Agri
Poppy Appeal
Prostate Cancer UK
Samaritan’s Purse
Special Leaving Donations
Sunday School
Sunday School Friday Club
Tuesday Luncheon Club
YAM
Youth budget
Youth Holiday Club
Youth Studio Fees||**At 1**
**January**
**2024**
**£**
416
1,775
100
161
10
0
150
171
0
82
763
11,090
58
190
254
5,116
200
12
327
399
75
12,213
30
65
398
15
0
5,757
871
395
358
1,202
1,016
65
**43,734**||**Income**
**£**
**Expenditure**
**£**
**Transfers**
**£**
868
(874)
-
350
-
-
253
(353)
-
-
-
-
-
-
-
3,253
(1,679)
-
796
(592)
(138)
-
(171)
-
20
(20)
-
26
-
-
90
-
20
-
-
-
-
-
1,337
(570)
138
298
(50)
-
-
-
-
-
-
-
-
-
-
450
(327)
-
125
(398)
-
-
-
-
-
-
-
356
(346)
-
8
(65)
-
-
(398)
-
-
(15)
-
1,199
(1,199)
-
261
-
-
-
(451)
-
655
(454)
-
-
-
-
263
(1,202)
-
-
-
-
-
-
-
**10,628**
**(9,164)**
**0**|**Income**
**£**
**Expenditure**
**£**
**Transfers**
**£**
868
(874)
-
350
-
-
253
(353)
-
-
-
-
-
-
-
3,253
(1,679)
-
796
(592)
(138)
-
(171)
-
20
(20)
-
26
-
-
90
-
20
-
-
-
-
-
1,337
(570)
138
298
(50)
-
-
-
-
-
-
-
-
-
-
450
(327)
-
125
(398)
-
-
-
-
-
-
-
356
(346)
-
8
(65)
-
-
(398)
-
-
(15)
-
1,199
(1,199)
-
261
-
-
-
(451)
-
655
(454)
-
-
-
-
263
(1,202)
-
-
-
-
-
-
-
**10,628**
**(9,164)**
**0**|**Income**
**£**
**Expenditure**
**£**
**Transfers**
**£**
868
(874)
-
350
-
-
253
(353)
-
-
-
-
-
-
-
3,253
(1,679)
-
796
(592)
(138)
-
(171)
-
20
(20)
-
26
-
-
90
-
20
-
-
-
-
-
1,337
(570)
138
298
(50)
-
-
-
-
-
-
-
-
-
-
450
(327)
-
125
(398)
-
-
-
-
-
-
-
356
(346)
-
8
(65)
-
-
(398)
-
-
(15)
-
1,199
(1,199)
-
261
-
-
-
(451)
-
655
(454)
-
-
-
-
263
(1,202)
-
-
-
-
-
-
-
**10,628**
**(9,164)**
**0**|**Gains/**
**(losses)**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**0**|**At 31**|**At 31**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||**December**||
||||||||||**2024**|
||||||||||**£**|
|||||||||||
||||||||||410|
||||||||||2,125|
||||||||||0|
||||||||||161|
||||||||||10|
||||||||||1,574|
||||||||||216|
||||||||||0|
||||||||||0|
||||||||||108|
||||||||||853|
||||||||||11,110|
||||||||||58|
||||||||||1,095|
||||||||||502|
||||||||||5,116|
||||||||||200|
||||||||||12|
||||||||||450|
||||||||||126|
||||||||||75|
||||||||||12,213|
||||||||||40|
||||||||||8|
||||||||||0|
||||||||||0|
||||||||||0|
||||||||||6,018|
||||||||||420|
||||||||||596|
||||||||||358|
||||||||||263|
||||||||||1,016|
||||||||||65|
|||||||||||
|||||||||||
||||||||||**45,198**|
|||||||||||
The transfer of £138 from EB Women of Faith fund to the Holiday Club fund is in line with the decision of the leadership of this group to support the Holiday Club.
_20_
## **EDMONTON BAPTIST CHURCH**
## **Notes to the Financial Statements**
**For the year ended 31 December 2024**
## **10. Restricted Funds (continued)**
|**10. Restricted Funds (continued)**||||||||||
|---|---|---|---|---|---|---|---|---|---|
|**10b Prior year**
Alzheimer’s Society
Baptist Mission Society
Bob Fagan Fund
Cancer Research Support
Christian Aid
Church Directory
Communion Fund
EB Women of Faith
Enfield Lupus Support
Evangelism
Flowers
Foodbank
Front door replacement
Grace Organisation
Harvest Meal
Holiday Club
Homeless Project
Late Mavis Geohagen-Carribbean Funeral
Live streaming equipment
Living Waters
Memorial bench
Mill Grove Charitable Trust
Minister’s discretionary fund
MUMMs
New Building Fund
North Middlesex University Hospital NHS
Operation Agri
Poppy Appeal
Prostate Cancer UK
Samaritan’s Purse
Sunday School
Sunday School Friday Club
The Leprosy Mission
Tuesday Luncheon Club
Turkish Appeal
YAM
Youth budget
Youth Holiday Club
Youth Studio Fees||**At 1**
**January**
**2023**
**£**
0
60
1,650
0
0
161
10
355
0
0
82
308
11,090
0
0
0
619
0
5,116
0
12
292
220
75
12,213
0
0
0
0
0
5,422
456
0
395
0
358
542
1,016
65
**40,517**||**Income**
**£**
**Expenditure**
**£**
**Transfers**
**£**
449
(449)
-
749
(393)
-
125
-
-
218
(218)
-
375
(275)
-
-
-
-
-
-
-
55
(260)
-
171
-
-
729
(729)
-
-
-
-
500
(45)
-
-
-
-
303
(303)
-
109
(51)
-
248
(58)
-
23
(388)
-
239
(239)
-
-
-
-
200
-
-
-
-
-
327
(292)
-
500
(321)
-
-
-
-
-
-
-
268
(268)
-
417
(387)
-
65
-
-
398
-
-
15
-
-
335
-
-
415
-
-
26
(26)
-
-
-
-
50
(50)
-
-
-
-
660
-
-
-
-
-
-
-
-
**7,969**
**(4,752)**
**0**|||**Gains/**
**(losses)**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**0**|**At 31**||
|||||||||**December**||
||||||||||**2023**|
||||||||||**£**|
|||||||||||
||||||||||0|
||||||||||416|
||||||||||1,775|
||||||||||0|
||||||||||100|
||||||||||161|
||||||||||10|
||||||||||150|
||||||||||171|
||||||||||0|
||||||||||82|
||||||||||763|
||||||||||11,090|
||||||||||0|
||||||||||58|
||||||||||190|
||||||||||254|
||||||||||0|
||||||||||5,116|
||||||||||200|
||||||||||12|
||||||||||327|
||||||||||399|
||||||||||75|
||||||||||12,213|
||||||||||0|
||||||||||30|
||||||||||65|
||||||||||398|
||||||||||15|
||||||||||5,757|
||||||||||871|
||||||||||0|
||||||||||395|
||||||||||0|
||||||||||358|
||||||||||1,202|
||||||||||1,016|
||||||||||65|
|||||||||||
|||||||||||
||||||||||**43,734**|
|||||||||||
Descriptions of the main restricted funds are as follows:
**Bob Fagan Fund.** Bursary for youth trips.
**Front Door Replacement Fund.** Funds received for the replacement of the church front door. **Live streaming equipment Fund.** Funds received for the media live streaming for the Youth.
_21_
**EDMONTON BAPTIST CHURCH**
**Notes to the Financial Statements For the year ended 31 December 2024**
## **10. Restricted Funds (continued)**
**Mill Grove Christian Charitable Trust** . Mill Grove is a Christian Charity supporting families including respite and residential care in London.
**Sunday School Fund:** Funds received for Sunday school activities.
**New Building Fund.** The capital represents the residue of monies raised by appeal for the erection of the present church building in 1976 and can be used for capital expenditure on the church building. The income can be used for maintenance and upkeep and has been included within unrestricted income.
## **11. Operating Lease Commitments**
The total future minimum lease payments under non-cancellable operating leases are payable:
|Not later than one year
Later than one year and not later than five years||**2024**||**2023**
**£**
754
-
**754**|
|---|---|---|---|---|
|||**£**|||
||||||
|||-|||
|||-|||
||||||
|||**0**|||
||||||
## **12. Pensions**
The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme (“the Scheme”). The Scheme is a separate legal entity which is administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers. The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Scheme’s assets and liabilities to specific employers and means that the scheme is accounted for as if the Scheme were a defined contribution scheme.
The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the **Defined Benefit (DB) Plan** was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income.
From January 2012, pension provision is being made through the **Defined Contribution (DC) Plan** within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Legal and General Life Assurance Society Limited. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members in the event that they are unable to work due to long term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Unum Limited. Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%.
The Ministers and some members of the church staff are eligible to join the Scheme, which is not contracted out of the State Second Pension.
A formal valuation of the DB Plan as at 31 December 2019 was undertaken by a professionally qualified actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £298 million, whilst the level of assets needed to pay benefits was £316m, giving a deficit of £18m (equivalent to a past service funding level of 94%). The Church and the other participating employers in the DB Plan are collectively responsible for funding this deficit.
_22_
## **EDMONTON BAPTIST CHURCH**
## **Notes to the Financial Statements For the year ended 31 December 2024**
## **12. Pensions (continued)**
The key financial assumptions underlying the valuation were as follows
|**Type of assumption**|**% p.a.**|
|---|---|
|RPI price inflation assumption|3.20|
|CPI price inflation assumption|2.70|
|Minimum Pensionable Income increase Adjustment (above CPI)|0.50|
|Assumed investment returns||
|•
Pre-retirement (gilt yield plus 1.75% pa)|2.95|
|•
Post retirement (gilt yields plus 0.5%)|1.70|
|**Type of assumption**||
||**% p.a.**|
|•
Pre April 2009|3.20|
|•
Post April 2009|2.50|
|Pension increases||
|•
Based on CPI with an annual floor of 0% and annual cap of 5%|2.70|
Mortality is assumed in accordance with 80% of the S3NA standard mortality table. Future improvements projected from 2013 in line with the “CMI 2019” projection with a long-term rate of improvement of 1.75% p.a. for males and 1.5% p.a. for females with the core smoothing parameter and with additional initial mortality improvement factor A=0.5%. The next actuarial valuation of the DB Plan within the Scheme is due as at 31 December 2024.
## **Recovery Plan**
In addition to the contributions to the DC Plan set out above, where a valuation of the DB Plan reveals a deficit the Trustee and the Council agree to a rate of deficiency contributions from churches and other employers involved in the DB Plan. Following the 2019 valuation a Recovery Plan was signed in September 2020 under which deficiency contributions are payable until June 2026. These contributions were broadly based on each employer's membership at 31 December 2014 and increase annually in line with increases to Minimum Pensionable Income as defined in the Rules. On 30 June 2023 the Baptist Pension Scheme signed an agreement with the insurance company Just Group (“Just”) to secure DB Plan members’ pension benefits. Just are now providing financial backing for all pensions provided through the Scheme’s DB Plan and following this transaction, the Scheme no longer has a shortfall. An updated recovery plan was then signed in August 2024 under which recovery contributions from each participating employer in the DB Plan reduced to £1 per month from August 2023.
## **13. Related Party Transactions**
Rev Stephen Peake, a Managing Trustee and member of the Church Executive until August 2024, received gross remuneration of £24,328 (2023: £33,125) and pension contributions of £2,899 (2023: £4,038) during the year in his employed capacity of Minister. Stephen Peake also occupied a Church manse, rent free, as part of his contract of employment for the better performance of his duties.
Isaac Ameyaw, a Managing Trustee and member of the Church Executive until March 2024, received gross remuneration of £28,599 (2023: £26,500) and pension contributions of £3,114 (2023: £3,363) during the year in his employed capacity of Youth Worker. Isaac Ameyaw also occupied a Church manse, rent free, as part of his contract of employment for the better performance of his duties.
William Clark, a Managing Trustee and member of the Church Executive, received gross remuneration of £28,600 (2023: £26,500) and pension contributions of £3,118 (2023: £3,363) during the year in his employed capacity of Evangelism and Outreach Minister. William Clark also occupied a Church manse, rent free, as part of his contract of employment for the better performance of his duties.
The members of the Church Executive gave a total of £15,145 (2023: £22,816) in unrestricted offerings and donations during the year.
_23_