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2024-12-31-accounts

RAYLEIGH BAPTIST CHURCH UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2024

Charity Number : 1128501

Edmund Carr LLP Chartered Accountants 146 New London Road Chelmsford Essex CM2 0AW

RAYLEIGH BAPTIST CHURCH

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

----- Start of picture text -----
CONTENTS PAGE
Trustees' annual report 1
Independent Examiner's report to the Trustees 7
Statement of financial activities 8
Balance sheet 9
Statement of cash flows 10
Notes to the financial statements 11
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RAYLEIGH BAPTIST CHURCH

TRUSTEES' ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2024

Trustees Rev. Ricky Rew (Chair of Trustees)
Rev. Michelle Dorrington (started 31 March 2025)
Linda Harrison
Paul Wheeler (resigned 31 July 2024)
Lynn Dobson
Carol Jones
Viki James (resigned 21 March 2024)
Belinda Dolan
Darren Stainer
Isaac Acquah (resigned 20 February 2024)
Louise Hodson (Appointed 9 July 2024)
Kevin Brown (Appointed 9 July 2024)
Ian Douglas (Appointed 9 July 2024)
Charity number 1128501
Principal address High Street
Rayleigh
SS6 7QA
Independent examiner Edmund Carr LLP
146 New London Road
Chelmsford
Essex
CM2 0AW

1

RAYLEIGH BAPTIST CHURCH

TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the financial statements of Rayleigh Baptist Church for the year ended 31 December 2024. The Trustees confirm that the Annual Report and financial document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.

Objectives and Activities

a) Policies and objectives

By relying on the Bible as our ultimate authority in all respects, Rayleigh Baptist Church exists:

b) Activities for achieving objectives

Our first objective is strongly linked to our community and our commitment here is reflected in our day-today ministries, both to the community of the church and, increasingly to the wider community of our town and the wider world.

For the Church and Local Community

2

RAYLEIGH BAPTIST CHURCH

TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2024

The Trustees are mindful of their duty in section 17 of the Charities Act 2011 to have due regard to the guidance on the advancement of religion for the public benefit, when considering the objects of Rayleigh Baptist Church. Following the effect of the coronavirus pandemic, the majority of members have returned to in person meetings and activities, but some still only attended online or watched prerecorded meetings. The Trustees still believe the church have provided public benefit to both members of the congregation and to a lesser extent the wider community.

3

RAYLEIGH BAPTIST CHURCH TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2024

Achievements and Performance

Ministers

Rev. Ricky Rew is the Lead Minister. He was assisted by Paul Wheeler, a Minister in Training, until the end of July, when he graduated as a Minister and moved away to take charge of his own church in has gone through the recruitment process to look for, and appoint, a new Team Minister with responsibility for Community engagement. It appointed Michelle Dorrington to that role in November with a start date of 31st March 2025. This appointment is key in helping the church to become more active in building relationships with, and serving, the local community and families both within and outside of the church. The salaries of the ministers are decided by the Trustees and agreed by the Church Members as part of the annual budget process.

Vision

We are still following our purpose and values statements which come out of working with Lead Academy, and although the 2020 Vision timeframe has come to an end, we are still following its principles.

Membership and Baptism

The church membership has decreased by 13 from 194 at the beginning of 2024 to 181 at the end. This was due to 9 resignations, 2 transfers, 5 deaths, 9 removals and 12 new members.

Hannah Lantaff left her role supporting the Children and Youth during the year as she completed her training.

Brigade and Girls Brigade. PlayAway also met regularly and has grown significantly.

Attendances on Sundays and Life Groups

The number of those regularly worshipping with us over the year has increased, whether in person or online. Life Groups continue with the aim of supporting the fellowship to grow in their discipleship and

Although in person meetings were the norm, the services were still made available online and available on YouTube, which allowed people from outside of the fellowship to join us, as well as those who are unable to attend in person. Life groups are now meeting in person, with one still via zoom, for those that this was a more practical option.

evenings.

A Church Weekend was held in February led by Rev. Ricky Rew which concentrated on how individuals could fulfil their role in the life of the church and utilise their giftings.

4

RAYLEIGH BAPTIST CHURCH

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2024

Premises Development

Following the start of the Building work in 2022, further funding came in throughout the year from one off gifts, fund raising and regular monthly giving. Problems were encountered with the appointed -house Project Management team picked up the reins and completed the work so the building could start to be used early in 2025. There are currently still a few issues to be completed before final sign off.

General Governance

During the year the new safeguarding policy was reviewed along with our internal financial controls. The membership list was also reviewed.

Financial Review

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

b. Reserves policy

The trustees aim to hold General Fund free reserves of approximately 3 months of committed expenditure. The reserves held for premises development and repairs, have been used for the Base Refurbishment Project. Given the pressures on church members to give to the Base Refurbishment Project, the General giving has continued remarkably well, and we have been blessed compared to some other churches locally and Baptist Churches nationwide.

At the year-end, the church had total funds of £173,300.

c. Principal funding

The principal funding sources of the charity are primarily voluntary donations.

d. Material investments policy

There have been no significant changes to the assets held by Rayleigh Baptist Church in 2024. At the end of the year we had 100% of the value of 6 Hilary Crescent as our only manse, which had been revalued in 2021.

5

RAYLEIGH BAPTIST CHURCH

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2024

Structure, governance and management

a) Constitution

The Church is known as Rayleigh Baptist Church (RBC) and is affiliated to the Baptist Union of Great Britain. The Trustees operate within the terms of the constitution dated 27 January 2009. Charitable status was granted by the Charity Commission in March 2009: Registered Charity Number 1128501.

b) Method of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Constitution.

c) Organisational structure and decision making

The church is led and managed by the Trustees, which at the date of approval of this report, consists of one ordained full-time Lead Minister, one Team Minister (Community), two lay elders and six deacons, all having designated areas of responsibility. Additionally, there are many more Members who play important roles as leaders of small groups, church organisations and a wide variety of ministries to all ages, both within the church family and, increasingly, in the wider community. The contribution made by so many willing and reliable volunteers cannot be overstated.

Plans for future periods

Future developments

As the fellowship at Rayleigh Baptist Church, we intend to seek new opportunities to further develop the relationships within the local community in this coming year both through the refurbished building, The Hive, and the added resource of a Team Minister (Community) who will lead, encourage and equip us to serve as opportunities allow.

This report was approved by the Trustees on 25 September 2025 and signed on their behalf by:

R Rew

Rev. Ricky Rew Chair of Trustees

6

RAYLEIGH BAPTIST CHURCH

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

YEAR ENDED 31 DECEMBER 2024

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 8 to 24.

Responsibilities and basis of report

and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, 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 charity 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

  4. 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.

A Stone

A Stone FCCA

146 New London Road Chelmsford CM2 0AW

25 September 2025

7

RAYLEIGH BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024

Note
INCOME FROM:
Donations and legacies
2
Charitable activities
3
Investments
4
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
5
TOTAL EXPENDITURE
NET INCOME / (EXPENDITURE)
Transfers between funds
NET MOVEMENT IN FUNDS
Reconciliation of funds:
Total Funds brought forward
Total Funds carried forward
14/15		 Unrestricted
Funds
£
201,380
25,394
6,343
233,117
224,445
224,445
8,672
(16,048)
(7,376)
197,762
190,386		 Restricted
Funds
£
141,477
19,700
-
161,177
429,718
429,718
(268,541)
16,048
(252,493)
235,407
(17,086)		 Total Funds
2024
£
342,857
45,094
6,343
394,294
654,163
654,163
(259,869)
-
(259,869)
433,169
173,300		 Total Funds
2023
£
520,282
26,082
7,511
553,875
964,376
964,376
(410,501)
-
(410,501)
843,670
433,169

The charity has no recognised gains or losses other than the results for the period as set out above.

The notes on pages 11 to 24 form part of these financial statements.

8

RAYLEIGH BAPTIST CHURCH

BALANCE SHEET

AS AT 31 DECEMBER 2024

AS AT 31 DECEMBER 2024
2024 2023
Note £ £ £ £
FIXED ASSETS
Tangible assets 10 398,285 396,927
CURRENT ASSETS
Debtors 11 35,052 33,838
Cash at bank 243,502 540,965
278,554 574,803
CREDITORS: Amounts falling
due within one year 12 (25,539) (54,561)
NET CURRENT ASSETS 253,015 520,242
TOTAL ASSETS LESS CURRENT LIABILITIES 651,300 917,169
CREDITORS: Amounts falling
due in more than one year 13 (478,000) (484,000)
NET ASSETS 173,300 433,169
FUNDS OF THE CHARITY
Restricted funds 14 (17,086) 235,407
Unrestricted funds
Designated Funds 16,425 17,096
General unrestricted funds 173,961 180,666
Total unrestricted funds 15 190,386 197,762
TOTAL CHARITY FUNDS 173,300 433,169

These financial statements were approved by the Trustees on 25 September 2025 and are signed on their behalf by:

R Rew

Rev. Ricky Rew

Chair of Trustees

The notes on pages 11 to 24 form part of these financial statements.

9

RAYLEIGH BAPTIST CHURCH

STATEMENT OF CASH FLOWS

YEAR ENDED 31 DECEMBER 2024

Notes
Cash flows from operating activities:
Net movement in funds for the reporting period
Adjustments to cash flows from non-cash items
Depreciation
10
Gain on diposal of fixed assets
Interest receivable
Working capital adjustments
(Increase) / decrease in debtors
11
(Decrease) / increase in creditors
12
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Interest received
Acquisitions of tangible fixed assets
10
Proceeds from sale of fixed assets
Net cash provided by / (used in) investing activities
Cash flows from financing activities:
Proceeds from loans
Repayment of loans
Net cash (used in) / provided by financing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward		 Total
2024
£
(259,869)
3,421
(3,800)
(6,343)
(266,591)
(1,214)
(25,023)
(292,828)
6,343
(4,778)
3,800
5,365
-
(10,000)
(10,000)
(297,463)
540,965
243,502		 Total
2023
£
(410,501)
3,674
-
(7,511)
(414,338)
(14,592)
(7,874)
(436,804)
7,511
(1,800)
-
5,711
494,000
-
494,000
62,907
478,058
540,965

The notes on pages 11 to 24 form part of these financial statements.

10

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Statement of compliance

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice.

This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Basis of preparation

Rayleigh Baptist Church constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate.

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

11

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities, Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

Tax status

Rayleigh Baptist Church is a registered charity and is not subject to corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Tangible fixed assets are carried at cost or valuation , net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property - no depreciation charged Motor vehicles - 5 years straight line Equipment - 5 to 20 years straight line

The charity has adopted the revaluation model to revalue items of property, plant and equipment whose fair value can be measured reliably. The revaluations shall be made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.

The fair value of land and buildings is usually determined from market-based evidence by appraisal that is normally undertaken by professionally qualified valuers. The fair value of items of plant and machinery is usually their market value determined by appraisal.

12

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

Debtors

Trade and other debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash at Bank and in hand

Cash and cash equivalents comprise cash on hand and deposits.

Creditors

Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Defined contribution pension plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

Government grants

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Fund accounting

Unrestricted general funds these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Designated funds these are funds set aside by the trustees out of unrestricted funds for specific future purposes or projects.

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.

13

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

----- Start of picture text -----
2. DONATIONS AND LEGACIES
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
£ £ £ £
Donations 201,380 141,477 342,857 520,282
Total 2023 201,500 318,782 520,282
3. INCOME FROM CHARITABLE ACTIVITIES
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
£ £ £ £
Church activities 25,394 19,700 45,094 26,082
25,394 19,700 45,094 26,082
Total 2023 23,734 2,348 26,082
4. INVESTMENT INCOME
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
£ £ £ £
Bank interest receivable 6,343 - 6,343 7,511
Total 2023 7,411 100 7,511
----- End of picture text -----

14

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

5. EXPENDITURE ON CHARITABLE ACTIVITIES

Church activities
Total 2023		 Activities
undertaken
directly
£
148,461
148,461
126,942		 Grant
funding of
activities
(Note 8)
£
36,774
36,774
36,560		 Support &
governance
costs
(Note 6)
£
468,928
468,928
800,874		 Total Funds
2024
£
654,163
654,163
964,376		 Total Funds
2023
£
964,376
964,376

6. ANALYSIS OF SUPPORT COSTS

Light, heat and rates
Repairs and maintenance
Premises development
Insurance
Minibus expenses
Printing, postage and stationery
Telephone
General administration
Advertising
Interest payable
Depreciation
Gain on disposal of fixed assets
Governance costs
(Note 7)		 Total Funds
2024
£
21,684
31,519
385,196
9,859
900
3,210
560
8,026
286
4,061
3,421
(3,800)
4,006
468,928		 Total Funds
2023
£
9,897
25,785
733,868
7,266
750
3,270
690
7,330
402
4,000
3,674
-
3,942
800,874

7. GOVERNANCE COSTS

Independent examination
Accounts preparation
Fees payable to Independent Examiner		 Unrestricted
Funds
£
2,164
1,842
4,006		 Restricted
Funds
£
-
-
-		 Total Funds
2024
£
2,164
1,842
4,006		 Total Funds
2023
£
2,100
1,842
3,942

15

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

----- Start of picture text -----
8. ANALYSIS OF GRANTS
Grants to Grants to Total Funds Total Funds
institutions individuals 2024 2023
£ £ £ £
Church activities 31,604 5,170 36,774 36,560
Total 2023 30,580 5,980 36,560
Grants to institutions
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
£ £ £ £
B U Home Missions 5,000 - 5,000 9,500
Cry In The Dark 3,375 1,583 4,958 4,062
-
Havens Hospices 1,650 1,650 1,650
To Kenya With Love 3,375 219 3,594 3,685
Peru 1,500 3,238 4,738 3,625
Nehemiah project 3,375 709 4,084 3,000
Open Doors 3,375 250 3,625 3,000
Other Missions and Charities - 1,909 1,909 558
Bar 'n' Bus Trust 1,500 546 2,046 1,500
23,150 8,454 31,604 30,580
Total 2023 27,650 2,930 30,580
Grants to individuals
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
£ £ £ £
-
RBC Fellowship Fund 2,530 2,530 3,340
Other Missions and Charities 2,640 - 2,640 2,640
2,640 2,530 5,170 5,980
Total 2023 2,640 3,340 5,980
----- End of picture text -----

16

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

9. ANALYSIS OF STAFF COSTS

ANALYSIS OF STAFF COSTS
Wages and salaries
Social security costs
Pension costs		 2024
£
84,503
2,143
7,616
94,262		 2023
£
88,406
2,140
7,310
97,856

None of the employees' emoluments exceeded £60,000.

The average number of employees during the year, by head count, was as follows:

Ministers and pastoral staff
Administrative, caretaking and cleaning staff		 2024
No.
2
2
4		 2023
No.
2
3
5

Two trustees been remunerated or have received other benefits from employment with the charity.

The trustees only receive remuneration in respect of services they provide under their contracts of employment, and not in respect of their role as trustees. The value of trustees' remuneration is as follows:

follows:
2024 2023
£ £
R Rew (Minister)
Remuneration 34,526 32,882
Employer's pension contributions 5,583 5,002
P Wheeler (Minister)
Remuneration 15,027 21,750
Employer's pension contributions 751 1,088

Expenses totalling £1,944 (2023: £2,451) were reimbursed to or paid on behalf of 2 (2023: 2) trustees during the year for reasonable travel and accommodation costs.

The remuneration benefits of key management personnel totalled £60,738 (2023: £62,229).

17

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

10. TANGIBLE FIXED ASSETS

Cost or valuation
At 1 January 2024
Additions
At 31 December 2024
Depreciation
At 1 January 2024
Charge for year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Freehold
property
£
375,000
-
375,000
-
-
-
375,000
375,000		 Equipment
£
32,863
4,778
37,641
10,935
3,421
14,356
23,285
21,927		 Total
£
407,863
4,778
412,641
10,935
3,421
14,356
398,285
396,927

The freehold property was last revalued on 11 October 2021 by Lewis Valuation. Its historical cost is £150,000.

Charity Heritage Assets

The church building, which is central to the objectives and activities of the charity, meets the definition of a heritage asset and as such is not included on the balance sheet due to the age of the building and the impracticalities of ascertaining the original cost or donated valuation. Given the age of the building, the original cost of the building would be immaterial to the accounts and given the restrictions on its use and disposal, a current valuation would not be practical or relevant.

18

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

11. DEBTORS
Prepayments and accrued income
Tax recoverable
12. CREDITORS: Amounts falling due within one year
Bank overdrafts
Loans
Accruals and deferred income
Taxation and social security
13. CREDITORS: Amounts falling due in more than one year
Loans
Accruals		 2024
£
24,285
10,767
35,052
2024
£
4,856
10,000
9,532
1,151
25,539
2024
£
470,000
8,000
478,000		 2023
£
22,119
11,719
33,838
2023
£
31,665
10,000
11,119
1,777
54,561
2023
£
480,000
4,000
484,000

Within loans is a loan of £390,000 from Baptist Building CIO which is secured on the church building. The church building is a heritage asset and so is not disclosed in these financial statements. See note 10. £10,000 of this loan is repayable within one year, and the remaining £380,000 is repayable in more than one year.

19

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2024

14. RESTRICTED FUNDS
Balance at
01/01/2024
£
a)
9 Paignton Close Fund
-
b)
6 Hilary Crescent Fund
375,000
c)
BMS World Missions
3,189
d)
Boys Brigade
3,076
e)
Cry in the Dark
112
f)
Fellowship Funds Gifts
744
g)
Girls Brigade
536
h)
Minibus replacement
15,883
i)
Student / Mission Fund
61
j)
To Kenya with Love
45
k)
Carers Cafe
2,564
l)
Premises Development
(169,157)
Church Holiday
-
Bar n Bus
405
Open Doors
-
Nehemiah Project
-
Donations to other organisations
2,949
235,407		 Gains &
Income
Expenditure
Transfers
£
£
£
-
-
-
-
-
-
638
(3,238)
-
1,592
(1,717)
-
1,527
(1,583)
-
7,513
(2,530)
(444)
287
(510)
-
-
-
-
-
-
(61)
196
(219)
-
709
(823)
-
129,741
(389,196)
7,593
17,112
(26,488)
8,960
151
(546)
-
250
(250)
-
709
(709)
-
752
(1,909)
-
161,177
(429,718)
16,048
Movement in funds		 Balance at
31/12/2024
£
-
375,000
589
2,951
56
5,283
313
15,883
-
22
2,450
(421,019)
(416)
10
-
-
1,792
(17,086)
Prior year restricted funds movement:
Balance at
01/01/2023
£
a)
9 Paignton Close Fund
157,805
b)
6 Hilary Crescent Fund
375,000
c)
BMS World Missions
3,064
d)
Boys Brigade
3,276
e)
Cry in the Dark
874
f)
Fellowship Funds Gifts
(302)
g)
Girls Brigade
605
h)
Minibus replacement
15,883
i)
Student / Mission Fund
61
j)
To Kenya with Love
605
k)
Carers Cafe
3,264
l)
Premises Development
91,582
Bar n Bus
-
Donations to other organisations
2,801
654,518		 Gains &
Income
Expenditure
Transfers
£
£
£
100
(157,905)
-
-
-
-
750
(625)
-
2,027
(2,227)
-
300
(1,062)
-
4,386
(3,340)
-
321
(390)
-
-
-
-
-
-
-
125
(685)
-
-
(700)
-
312,110
(579,963)
7,114
405
-
-
706
(558)
-
321,230
(747,455)
7,114
Movement in funds		 Balance at
31/12/2023
£
-
375,000
3,189
3,076
112
744
536
15,883
61
45
2,564
(169,157)
405
2,949
235,407

20

RAYLEIGH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2024

14. RESTRICTED FUNDS (continued)

Manse for Minister - owned 100% by the church.

Donations received from various individuals and later paid to the Mission.

Operated by and exclusively for the activities of the Boys' Brigade.

Funds received (e.g. from Carol Services Offerings and personal gifts) later paid to the charity.

Funds raised to enable the church to make charitable gifts to those within or linked to the fellowship.

Operated by and exclusively for the activities of the Girls' Brigade.

Funds donated to support students/Members in short-term Christian missions.

Providing a better future for children in Kisumu, Kenya.

Monthly support for those who care for others.

l) Premises Development

Funds raised for the continued work to make the premises more fit for purpose to contribute more to the local community. An additional £40,500 was transferred to this fund from general unrestricted funds during the year for the initial phase of the Base Refusbishment Project.

21

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

15. UNRESTRICTED FUNDS

**15. ** UNRESTRICTED FUNDS
i)
ii)
iii)
iv)
i)
ii)
iii)
iv)		 Balance at
01/01/2024
£
Designated funds
New Minibus Fund
7,745
Playaway
2,263
Womens Hour
519
Ministry Training Fund
5,941
Community Café
628
17,096
General funds
General Fund
125,666
General Legacies
-
Main Fund Reserve
55,000
180,666
197,762
Prior year unrestricted funds movement:
Balance at
01/01/2023
£
Designated funds
New Minibus Fund
7,745
Playaway
1,756
Womens Hour
519
Ministry Training Fund
7,739
Community Café
706
18,465
General funds
General Fund
115,687
General Legacies
-
Main Fund Reserve
55,000
170,687
189,152		 Gains, losses
Income
Expenditure
& transfers
£
£
£
-
-
-
1,446
(877)
-
-
-
(519)
-
(721)
-
-
-
-
1,446
(1,598)
(519)
231,671
(222,847)
(15,529)
-
-
-
-
-
-
231,671
(222,847)
(15,529)
233,117
(224,445)
(16,048)
Gains, losses
Income
Expenditure
& transfers
£
£
£
-
-
-
1,881
(574)
(800)
-
-
-
-
(1,798)
-
-
-
(78)
1,881
(2,372)
(878)
230,764
(214,549)
(6,236)
-
-
-
-
-
-
230,764
(214,549)
(6,236)
232,645
(216,921)
(7,114)
Movement in funds
Movement in funds		 Balance at
31/12/2024
£
7,745
2,832
-
5,220
628
16,425
118,961
-
55,000
173,961
190,386
Balance at
31/12/2023
£
7,745
2,263
519
5,941
628
17,096
125,666
-
55,000
180,666
197,762

Designated funds
New Minibus Fund
Playaway
Womens Hour
Ministry Training Fund
Community Café
General funds
General Fund
General Legacies
Main Fund Reserve

22

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

15. UNRESTRICTED FUNDS (continued)

Funds used for the weekly parent and toddler groups.

To help build women's friendships, give support and reach out.

In 2019, £30,000 has been transferred from the general legacies fund to fund ministers in training.

23

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

16. ANALYSIS OF NET ASSETS (between restricted and unrestricted funds)

Current year:

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year		 Unrestricted
funds
£
23,285
166,215
(15,539)
-
173,961		 Designated
funds
£
-
16,425
-
-
16,425		 Restricted
funds
£
375,000
95,914
(10,000)
(478,000)
(17,086)		 Total
2024
£
398,285
278,554
(25,539)
(478,000)
173,300

Prior year:

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year		 Unrestricted
funds
£
21,927
203,300
(44,561)
-
180,666		 Designated
funds
£
-
17,096
-
-
17,096		 Restricted
funds
£
375,000
354,407
(10,000)
(484,000)
235,407		 Total
2023
£
396,927
574,803
(54,561)
(484,000)
433,169

17. RELATED PARTY TRANSACTIONS

During the year, the charity received donations of £43,855 (2023: £58,481) from Trustees and their related parties. For remuneration paid to trustees, see note 9.

18. OPERATING LEASES

The total future minimum lease payments under non cancellable operating leases are as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2024
£
972
-
972		 2023
£
972
972
1,944

24