2024-10-31-accounts

COMPANY REGISTRATION NUMBER: 06716476 CHARITY REGISTRATION NUMBER: 1128422

Baptist Bible Fellowship GB Company Limited by Guarantee Unaudited Financial Statements 31 October 2024

POINTON YOUNG

Chartered Accountants 33 Ludgate Hill Birmingham B3 1EH

Baptist Bible Fellowship GB

Company Limited by Guarantee

Financial Statements

Year ended 31 October 2024

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	2
Statement of financial activities (including income and
expenditure account)	3
Statement of financial position	4
Notes to the financial statements	5

Baptist Bible Fellowship GB

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 October 2024

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 October 2024.

Reference and administrative details

Registered charity name Baptist Bible Fellowship GB Charity registration number 1128422 Company registration number 06716476 Principal office and registered 6a Oakwood office Colwyn Bay, Conwy LL29 7AE The trustees Rev J JAMES REV L CURTIS REV K MILLS Independent examiner S Brown BA FCA 33 Ludgate Hill Birmingham B3 1EH

Strategic report

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

The trustees' annual report and the strategic report were approved on 5 August 2025 and signed on behalf of the board of trustees by:

REV L CURTIS Trustee

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Baptist Bible Fellowship GB

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Baptist Bible Fellowship GB

Year ended 31 October 2024

I report to the trustees on my examination of the financial statements of Baptist Bible Fellowship GB ('the charity') for the year ended 31 October 2024.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

S Brown BA FCA Independent Examiner 33 Ludgate Hill Birmingham B3 1EH

5 August 2025

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Baptist Bible Fellowship GB

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 October 2024

			2024		2023
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	44,841	5,000	49,841	56,567
Investment income	6	142	–	142	55
Other income	7	2,502	–	2,502	9,399
		────────	───────	────────	────────
Total income		47,485	5,000	52,485	66,021
		════════	═══════	════════	════════
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies	8	8,103	–	8,103	7,262
Expenditure on charitable activities	9,10	3,377	–	3,377	3,614
Other expenditure	12	37,269	9,400	46,669	53,177
		────────	───────	────────	────────
Total expenditure		48,749	9,400	58,149	64,053
		════════	═══════	════════	════════
		────────	───────	────────	────────
Net income/(expenditure) and net
movement in funds		(1,264)	(4,400)	(5,664)	1,968
		════════	═══════	════════	════════
Reconciliation of funds
Total funds brought forward		13,402	4,400	17,802	15,834
		────────	───────	────────	────────
Total funds carried forward		12,138	-	12,138	17,802
		════════	═══════	════════	════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 5 to 12 form part of these financial statements.

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Baptist Bible Fellowship GB

Company Limited by Guarantee

Statement of Financial Position

31 October 2024

		2024	2023
	Note	£	£
Fixed assets
Tangible fixed assets	17	1,412	3,605
Current assets
Debtors	18	186	186
Cash at bank and in hand		12,322	14,893
		────────	────────
		12,508	15,079
Creditors: amounts falling due within one year	19	1,782	882
		────────	────────
Net current assets		10,726	14,197
		────────	────────
Total assets less current liabilities		12,138	17,802
		────────	────────
Net assets		12,138	17,802
		════════	════════
Funds of the charity
Restricted funds		-	4,400
Unrestricted funds		12,138	13,402
		────────	────────
Total charity funds	20	12,138 ════════	17,802 ════════

For the year ending 31 October 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 5 August 2025, and are signed on behalf of the board by:

REV L CURTIS Trustee

The notes on pages 5 to 12 form part of these financial statements.

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Baptist Bible Fellowship GB

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 October 2024

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 6a Oakwood, Colwyn Bay, Conwy, LL29 7AE.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

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Baptist Bible Fellowship GB

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2024

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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Baptist Bible Fellowship GB

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2024

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

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Baptist Bible Fellowship GB

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2024

3. Accounting policies (continued)

Financial instruments (continued)

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The company is a private company limited by guarantee and consequently does not have share capital.

5. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Donations
Donations and legacies	44,841	5,000	49,841
	════════	═══════	════════
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Donations
Donations and legacies	52,167	4,400	56,567
	════════	════	════════

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Baptist Bible Fellowship GB

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2024

6.	Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2024	Funds	2023
		£	£	£	£
	Bank interest receivable	142	142	55	55
		════	════	════	════
7.	Other income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2024	Funds	2023
		£	£	£	£
	Income from Student/classes	2,502	2,502	9,399	9,399
		═══════	═══════	═══════	═══════
8.	Costs of raising donations and legacies
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2024	Funds	2023
		£	£	£	£
	Costs of raising donations and legacies
	- Donations	8,103	8,103	7,262	7,262
		═══════	═══════	═══════	═══════
9.	Expenditure on charitable activities by fund type
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2024	Funds	2023
		£	£	£	£
	Support costs	3,377	3,377	3,614	3,614
		═══════	═══════	═══════	═══════
10.	Expenditure on charitable activities by activity type
				Total funds	Total fund
			Support costs	2024	2023
			£	£	£
	Depreciation		2,477	2,477	2,779
	Governance costs		900	900	835
			───────	───────	───────
			3,377	3,377	3,614
			═══════	═══════	═══════
11.	Analysis of support costs
			Analysis of
			support costs
			activity 1	Total 2024	Total 2023
			£	£	£
	Depreciation		2,477 ═══════	2,477 ═══════	2,779 ════

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Baptist Bible Fellowship GB

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2024

12. Other expenditure

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2024	Funds	2023
	£	£	£	£
Establishment Costs	44,574	44,574	50,592	50,592
General administrative costs	2,095	2,095	2,585	2585
	────────	────────	────────	────────
	46,669	46,669	53,177	53,177
	════════	════════	════════	════════

13. Net income/(expenditure)

Net income/(expenditure) is stated after charging/(crediting):

Net income/(expenditure) is stated after charging/(crediting):
	2024	2023
	£	£
Depreciation of tangible fixed assets	2,477	2,779
	═══════	═══════
Independent examination fees
	2024	2023
	£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements	900 ════	835 ════

14. Independent examination fees

15. Staff costs

The average head count of employees during the year was Nil (2023: Nil).

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

16. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

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Baptist Bible Fellowship GB

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2024

17. Tangible fixed assets

			Fixtures and
			fittings
			£
	Cost
	At 1 November 2023		11,661
	Additions		284
			────────
	At 31 October 2024		11,945
			════════
	Depreciation
	At 1 November 2023		8,056
	Charge for the year		2,477
	Disposals		-
			────────
	At 31 October 2024		10,533
			════════
	Carrying amount
	At 31 October 2024		1,412
			════════
	At 31 October 2023		3,605
			════════
18.	Debtors
		2024	2023
		£	£
	Prepayments and accrued income	186	186
		════	════
19.	Creditors: amounts falling due within one year
		2024	2023
		£	£
	Accruals and deferred income	1,782	882
	Other creditors	–	-
		────	───────
		1,782	882
		════	═══════

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Baptist Bible Fellowship GB

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2024

20. Analysis of charitable funds

	Unrestricted funds
		At				At
	1	November 2023	Income	Expenditure	31 October 2024
		£	£	£		£
	General funds	13,402	47,485	(48,749)		12,138
		════════	════════	════════		════════
		At				At
	1	November 2022	Income	Expenditure		31 October 2023
		£	£	£		£
	General funds	15,834	61,621	(64,053)		13,402
		════════	════════	════════		════════
	Restricted funds
		At				At
	1	November 2023	Income	Expenditure	31 October 2024
		£	£	£		£
	Restricted Fund	4,400	5,000	(9,400)		-
		════	═══════	════		═══════
		At				At
	1	November 2022	Income	Expenditure		31 October 2023
		£	£	£		£
	Restricted Fund	–	4,400	–		4,400
		════	════	════		════
21.	Analysis of net assets between funds
				Unrestricted		Total Funds
				Funds		2024
				£		£
	Tangible fixed assets			1,412		1,412
	Current assets			12,508		12,508
	Creditors less than 1 year			(1,782)		(1,782)
				────────		────────
	Net assets			12,138		12,138
				════════		════════
				Unrestricted		Total Funds
				Funds		2023
				£		£
	Tangible fixed assets			3,605		3,605
	Current assets			10,679		15,079
	Creditors less than 1 year			(882)		(882)
				────────		────────
	Net assets			13,402		17,802
				════════		════════

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