**KAY STREET BAPTIST CHURCH** ## **Deacons’ and Trustees' report for the year ended 31 December 2024** The deacons and trustees have pleasure in presenting their report and the audited financial statements of the church for the year ended 31 December 2024. ## **REFERENCE AND ADMINISTRATIVE DETAILS** are set out on page 1. ## **PURPOSE** The church is governed by an Approved Governing Document (Church Constitution) which states that 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 church occupies premises which are held by the North-Western Baptist Association, on Trusts which are entirely compatible with the above object. ## **ORGANISATIONAL STRUCTURE AND DECISION MAKING PROCESSES** Members of the Church are accepted in accordance with the Constitution which requires them to be or to have been publicly baptised by full immersion, or on the profession of faith in Jesus Christ. The Members’ Meeting normally takes place six times per year and has responsibility for the overall policy of the church. In accordance with the Constitution, the members appoint up to ten Trustees (either including or in addition to the Treasurer and Secretary), who together with the Minister(s), and collectively known as the Diaconate, are responsible for the day to day running of the church’s work and witness, and the financial and legal aspects of the charity. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective. Relevant matters may be submitted to the Church Meeting by the Trustees (who meet monthly) for guidance, or may be raised by members in the Church Meeting for further consideration by the Trustees and members. Although the Constitution permits decisions to be made at Church Meetings by appropriate majorities, the Church seeks to work by consensus wherever possible. ## **OBJECTIVES AND ACTIVITES** In order to achieve the principal objective which is set out above, the Church provides a variety of activities both to its membership and to the community generally. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord. The Approved Governing Document provides a list of such activities which may include, but not be restricted to: 1. Regular public worship, prayer, Bible study, preaching and teaching. 2. Baptism, as defined in the Union’s Declaration of Principle. 3. The Communion of the Lord’s Supper which shall normally be observed at least once a month. 4. Evangelism and mission, locally, regionally, nationally and internationally. 5. The teaching, encouragement, welcome and inclusion of young people. 6. Nurture and growth of Christian disciples. 7. Education and training for Christian and community service. 8. Giving and encouraging pastoral care. 9. Supporting and encouraging charitable social action in the United Kingdom and abroad. 10. Encouraging relationships with and supporting Baptists and other Christians. ## **ACHIEVEMENTS AND PERFORMANCE** The Church does not measure the success of its programmes only in numbers, including financial performance, but also in less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to measure. _**1. Regular public worship**_ : Central to the work and witness of the Church is the provision of regular public services of Christian worship. Services normally take place on Sundays at 10:30am. We record and stream live the morning services for those who do not feel able to gather together. There are also occasional services at other times which are advertised on the Church website at kaystreet.co.uk. All these services are open to all members of the public. The usual regular provision for prayer for the church and the community it serves occurs weekly via Zoom and/or meeting in the church premises. _**2. Membership:**_ There were no baptisms during 2024. Seven people resigned from membership during this year (five no longer lived in the area, the other two were attending other churches). There were two new members such that our actual membership was 91, at the end of 2024. _**3. Communion**_ : The Lord’s Supper is normally observed once a month and on other special occasions (e.g. Good Friday) and is open to all who love the Lord Jesus Christ as Saviour. _**4.**_ ## _**Evangelism and mission:**_ - The church continues to provide meals for those who were struggling financially every Monday teatime (named ‘Shine’). Activities and food were also provided for school children who normally receive free school meals at special events during school holidays. Similarly, our Tuesday morning café (Hope café) continues to provide company, sustenance and spiritual support for members of the local community. The church also partners with other local churches in supporting a CAP debt centre manager. Regular activities:- monthly walks, table tennis and two football teams. As can be seen from the accounts, the church is very active in supporting missionaries and overseas workers from a number of societies. _**5. Children and young people:**_ We continue to employ a Family and Children’s Worker. There are about 50 - 60 children under school-age attending once per week. There are also other activities for parents and children, catering for all ages from creche to late teenagers. The church also employs an Associate Minister, one of whose roles is young people’s work. _**6. Nurture and growth of Christian disciples**_ : The Church runs a series of house groups, which are open to all, for the growth of faith and discipleship, in the homes of some members and on the church premises. _**7. Community service:**_ The church has played an active part in the community both directly and via allowing its premises to be used. The church runs a weekly ‘Shine’ meal and ‘Hope’ café (see under no. 4). There are also two KSBC football teams which practise and play weekly during the football season. A local table tennis league uses the premises on two/three evenings per week. There are also monthly organised walks and the premises are used weekly for those suffering from dementia. A weekly breast feeding support group occurs and our premises facilitate a Christian bookshop, open twice a week. A support group for Ukrainian refugees is held every Tuesday. _**8. Pastoral care:**_ We currently have no lead minster, but do employ an Associate Minister. During this year he was released from ministry to take a sabbatical for 3 months. Upon his return, at his request, his role was reduced to 0.5 fte. This time is focused is on work with teenagers and young adults. As well as the Associate Minister, the church employed a Pastoral Worker for one day per week to visit those who are ill or house bound. In May of this year he decided that it was time for him to retire. The pastoral team he worked with continues to provide oversight and responses to pastoral situations. During our period without a lead minister we employed a Transitional Minister for one day a week to support ministries within the church. He also came to the time for retirement in May of this year. _**9.**_ **New minister** : Our search for a new minister continued this year via the Baptist Settlement Programme. Towards the end of the year members decided that we should also advertise for a new minister via the National Christian press. The church was called together on a number of occasions to pray specifically for a new minister, and we had faith that the right person would come to our attention at the right time. _**10. Supporting and encouraging charitable social action:**_ The church gives regularly to overseas aid via Farms Lanka, Africa Inland Mission, Bible Society, Release International, Baptist Missionary Society, Interserve and WEC. Closer to home the church gives regularly to the work of Christians Against Poverty, Rossendale Debt Centre. _**11. Encouraging relationships with and supporting Baptists and other Christians:**_ The church is in membership with the Baptist Union of Great Britain and supports its work both financially and practically, via the North-Western Baptist Association and is a member of the Evangelical Alliance. ## **FINANCIAL REVIEW** The Church continues to raise the funds needed to carry on its activities from within its own membership and congregation plus a small amount from other registered charities. No wider public appeal was made for funds during the year. A large percentage of the church’s income is via member’s giving. The most significant expenses incurred during the year related to: - The employment of our Associate Minister with specific responsibility for young people and those aged in their 20s and 30s. - The employment of our Family and Children’s Worker to encourage and support Church families and arrange various outreach and social activities aimed at families. - The employment of our Pastoral Worker. - The employment of our Transitional Minister. The Church expressed its part in the life of the wider Church by making grants to national and international Christian organisations and societies with Christian objectives compatible with the Church’s own charitable purpose. The Church is heavily dependent on its membership working as volunteers in all aspects of the Church’s activities, many of which run with little or no impact on the Church’s expenditure, but never the less contribute substantially to the achievement of the Church’s objectives. The results for the year, and the church's financial position at the end of the year, together with a summary of the accounting policies, are shown in the financial statements. ## _**Reserves**_ It is the policy of the Church to maintain unrestricted funds, which are the free reserves of the Church, at a level which equates to approximately three months unrestricted expenditure. This would provide sufficient funds to enable the current activities of the Church to be continued in the event of a reduction in the level of giving. ## **Statement of deacons and trustees' responsibilities** Charity legislation requires the Deacons and Custodian Trustee to prepare accounts for each financial year, which give a true and fair view of the state of affairs of the Charity as at the end of the financial year and of the surplus or deficit for that period. In preparing the accounts suitable accounting policies have been adapted and consistently applied to the best of their knowledge and belief, by reference to reasonable and prudent judgements and estimates. The Deacons and Trustees are responsible for maintaining adequate accounting records, for safeguarding the assets of the Charity and for preventing and detecting fraud and other irregularities. The Trustees are also required to indicate where the Financial Statements are prepared other than on the basis that the charity is a going concern. ## _**Risk Management**_ The Deacons continue to manage the major strategic, business and operational risks which the Charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. **Deacons’ and Trustees' report for the year ended 31/12/2024 Signed on behalf of the Deacons** **P. Reeves – Secretary & Deacon during the year under review Date: 15th October 2025** KAY STREET BAPTIST CHURCH FINANCIAL STATEM ENTS TWELVE MONTHS ENDED 31 December 2024 Charity Number 1129330 KAY STREET BAPTIST CHURCH Independent examiner's report to the Deacons and Trustee5 for the year ended 31 December 2024 I report on the unaudited accounts of the Church for the year ended 31 December 2024 set out on pa8es 2 to 11. Respective responsibilities of the Deacons, Trustees and Independent Examiner. The deacons and trustees are responsible for the preparation of the accounts. The chartty's trustees consider that an audit is not required for the year under Section 144121 of the Charitles Act 2011 (the Act), and that an independent examination 15 needed. It is my responsibility to: examine the accountsunder section 145 Of the 2011 A(t,' to follow the procedures lald down in the General Directior15 given by the Charity Commission Ivnder Section 14515llbl of the 2011 Act,. and to state whether particular matters have come to my attention. Basss of Independent Examiner's Statement My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination incSudes a review of the accounting rècords kept by the Charity and a comparison of the accounts represented with those records. It also includes corbsideration of any unusual items or disclosures in the accounts, and seeking explanations from you as the deacons and trustees 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 whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent Examiner's Statement In connection with my examination, no matter has come to my attention.. lal which gives me reasonable cause to believe that in any material respect the requirements.. lil to keep accounting records in accord3nce with Section 130 of the 2011 Act; and lill to prepare accounts which accord with the accounting records have not been met. and Ibl to which, in my opinion, attention should be drawn in order to enable a proper understandlng of the unts to be reached. Peter Terry FCA Independent Examiner 8th July 2025 The Croft Cowpe Road Rossendale BB4 7DQ Kay Street Baptlst Statement of Financlal Activltles Forthe Year Ended 31 Decernber 2024 Unrestricted Funds Restrlcted Funds Total Funds 2024 2023 Not* INCOME & ENDOWMENTS FROM Donatlons & Legacles Charitable activitie5 Investments other 2a 2b 2c 2d 137,298 28.997 4,256 51,177 188,475 28,997 4,256 185,499 28.367 4,338 TOTAL 170,551 51,177 221,728 218,204 EXPENDITURE ON Raising funds Charitable activities 3a 3b 176,265 44,808 221,073 244,134 TOTAL 176.265 44.808 221,073 244,134 INCOMIMG IIEXPENDITURÈ Transfers between funds 15.7141 20,263 6,369 120,2631 655 125.9301 Gain5111osse51 on investment assets On revaluation MOVEMENTIN FUNDS 14,549 113,8941 655 125,9301 TOTAL FUNDS BIFWD ATI JANUARY 2,260,612 49,801 2,310,413 2,336,343 TOTAL FUNDS C/FWDAT31 DECEMBER 2,275,161 35,907 2,311,068 2,310,413 The notes form part of these accounts Kay Street Baptist Balance sheet at 31 December 2024 Unrestricted Funds Restrirted Funds 2024 2023 Noté FIXED ASSETS Tangible Investments 5a 5b 2,243,016 2,243.016 2,243,285 2.243,016 2,243,016 2,243,28S CURRENT ASSETS Debttrrs Investments Cash at bank and in hand 9,981 5,159 15,141 5,912 89.881 99,862 30,747 35.907 120,628 135,769 136,482 142,394 LIA81LITIES Creditors- amount5 falling due in one year 12,960 12,960 12,960 NET CURRENT ASSETS/ILIABILITIE51 86,902 35.907 122.809 129,434 Creditor5- amounts fallln8 due after one year 54,757 54,757 62,306 TOTAL NET ASSErs 2,275,161 35,907 2,311,068 2,310.413 FUNDS Unrestrirted Restricted Designated 2,275,161 2.275,161 2,260,612 16,917 30,811 18,990 18,990 2,311,068 2,310,413 io 16,917 18,990 35,907 2,275,161 These financial statements were approved by the deacons on 8th July 2025 and signè there behalf bv KAY STREET BAPTIST CHURCH Notes to the financlal statement for the year ended 31 Deeember Z024 l Accounting policies Bosls oApreporrtion The accounts are prepared in accordance wlth the, Charltks Statement of Recommended Practke ICh2rltles SORP 20211, FRS102 and wlth the Charitles Act 2011. Kay Street Baptist church 5s a reglstered charity, no 1129330 and meets the deflnltson of È public benefit Èntlty under FRS102. Assets and Ilabllltles are inEtlally recognlsed at h15torlcal cost ortransaction Val￿ unless otherwise stated In the relevani accountin8 policy notes. Fund5 Unrestrtcted funds are available for use, at the discretion of the Deacons, In furtherance of the 8eneral object(ves of the Charfty. Unrestrlcted funds Include a ￿ValuatIOn reserve representln8 the restatetnent of tangible a55ets at insurance value. Designated funds are unrestricted funds earmarked by the Deacons for particukr purposes. RestrKted funds are subjected to restrictions on their expenditure imp05•d by thp donor. These fund5 do not include the income and expenditure of the various organisatlons affiliated to the Church dve to presentation of separate accounts and the amounts belng immaterial. Intomlng resources Planned givirTr& tollettions and donations 8re recoenized when received. Tax refunds are recognized when the incoming resource to whlch they relate is receDiÈd. Grants and leg3cies are accounted for when the PCC is legally entitled to the amounts due. Dividends ère accounted for when recewable, interest 15 accrued. All other Income is reco8nized when it 15 receivable. All incoming resources are accounted for 8ros5. FixedA$sers Properties comprislnethe church and the manse are all Included aE the Deacons estlmate ba5eLI on previous insurance valuatlon. Flxtures, flttlngs and eqUIpr￿nt are c3pitali5ed if they can be used for mofte than one year and costs at least £1,000 Depreclotlon Propertie5 held bythe Church afft stated at the Deacons valuation. Properries are malntsined In a state of rep3lrsuch that their estlmpted resldual value is not less than theSr Carrylng value. The annual charge for depreciation is therefore nil. Thls represents 3 departurt from the statutory rules requirfng all assets with a flnlte l&e to be depreciated overtheir economic life, Depreciation is calculated 50 as to write off the cost of 3n asset, le55the estimated rsldual value, over the useful economlc Ilfe of the asset a5 follow5.. FixturÈs, Fittings & Equipmeni- 10% Straight line per annum. Pensltsn Costs The charity contributes to a defined contribution pension scheme forthe minister and famllyl chlldrefis worker. The assets of the scheme a￿ held outside the charity. The annual contribution5 to the scheme are charged within the statement of financial activities as they become payable in 3ccordance wlth the rules of the Scheme. Chtsnges topre¥louso¢ttiunts The 2022 accounts were prepa￿d forthe flrst time on an acruals b85is.The 2021 cornparatives we restated on the new basis. As a result of the Change reserves have been adjusted as folltrws.. lfrKretsse reserves ot 15tJunu17ry 2021 Fijrtherodlustmentin 2031 2,643 115,910) Intreuse In reseNes #tlstJt7nut7ry 2022 {13.267) INCOME & ENDOWMENTS Urtrestri¢ted Funds Restricted Funds Total Tolal 2024 2023 2a Donatlons & Legacies Planned giving-. Weekly offerings Tax recoverable other 86.795 13,117 44.480 6,697 131,275 19,814 140,940 15.696 Legacie5 Donations Contributions to other tauses 1,608 35,779 137,298 1,608 35,779 188,475 3,038 25,825 185.499 51,177 2b Charltable actlvltles 28,997 28,997 28,367 2c Income from Investments Annuity and interest receivable 4,256 4,256 4,338 4,256 4,256 4.338 2d other TOTAL INCOMING RESOURCES 170,551 51,177 221,728 218,204 EXPENDITURE 3a Ralslng funds 3b Church actSvltles Contribution5 to other causès CAP Debt Centre Shine Harvest Lent Other Missionary Support 14,943 10.623 5,523 4,145 3,371 14,943 10,623 5,523 4.145 3,371 44,808 83,414 14,343 7.759 2,968 1.390 63,184 89,644 44,808 44,808 38.606 Misslon Minister and related cost5 Minister Visa Pastoral Worker Family WorkeT Other 54,223 54,223 52,391 2,474 20,263 11,548 88,507 2,474 20,263 11,548 88,507 5,503 17,492 14,391 89,777 Church Premises Utilitles, cleaning insurance Repairs and property expenses Equipment Depreciation Interest On Manse mortgage 28,901 5,322 1,472 269 5,411 41,374 28.901 5,322 1,472 269 5,411 41,374 28,323 5,723 15,529 269 5,704 55,549 Governan￿ and administration Professlonal fees Other 2,388 5,389 7,777 2,388 5,389 7,777 266 8.898 9,164 TOTAL RESOURCES EXPENDED 176,265 44,808 221,073 244,134 STAFF COSTS AND TRUSTEE EXPENSES 2024 60,536 8.452 15,516 84,503 2023 61.833 8,215 13,819 83.867 Salaries Pensign Costs Other Costs Total The average number of employes during the year was No employeè recèived rèmuneration in excess of £60,000 during the year Norte of the trustees received any expen5e5. The Church pays pension contributions for its Minister to the BaptlSt Ministers Pension Trust Limited, which is a final salary defined benefit scheme, which is not contrarted out of the State second pension. The scheme is a mulli-employer scheme and it is not possible to identify the assets and liabilities of the scheme which are attributable to the church. Therefore, in accordance with FRS102 Section 28. the scheme is accounted for as a defined contribution scheme. Tangible Fixèd Assets Churth Premises and Manse Flxtures and FiltlnKs Total Valuatlon At I january 2024 2,239,854 100.494 2340348 Additions 2.239.854 100,494 2,340,348 Depyeclation At l January 2024 Char8e for year 97,063 269 97063 269 97,332 97,332 Net book value At 31 Derember 2024 2,239.854 3,162 2,243,016 At 31 December 2023 2,239,854 3.431 2243285 During 2021 the church pur¢hase