raynerslane baptistchurch ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 A Chan"ty Registered in England and Wales Number 1129399 cs Camscanner
RAYNERS LANE BAPTIST CHVRCH ANNUAL ACCOUNTS AND UNAUDITEO FINANCIAL STATEPAENTS FOR THE YEAR ENDEO 31 DECEMBER 2024 Contents Page Charity Information Report ofthe Trustees Report ofthe Independent Examiner Statement of Financial Actrvi Balance Sheet Notes to the Financial Statements 9-10 11 12-24 cs Camscanner
RAYNERS LANE BAPTIST CHURCH REPOR T OF THE TRUSTEES FOR THE YEAR ENDED 31 OECEM8ER 21ll4 Legal and Admlnl•trallv• Inforniallon Twstees MTS S Bather Miss G Connof (appointed 7 Juty 2024) Mr A Dunn Mrs P Enderby Mr J Francis MT A Joseph (appointed 7 July 2024) Mrs PS Mangayarkarasi Mr l McNulty (ie5igned 7 Juty 2024) Mrs L Ogundere Mr R Ogundere (appointed 7 July 2024) Mrs B Phillips Charity number 1129399 Principal address Rayners Lane Baptist Church 139 Imperial Drive Harrow Middlesex HA2 7HW Independent examiner Brighl Grahame Murray Emperorfs Gate 114a Cromwell Road Kensington London SVV7 4AG cs Camscanner
IIA YNF Ill I ANf PAPTl81 rthiTrr.H I(YI TIIF f Nl)f f) 11 rc[PaPER 124 Irnntfflill Ihe fin•nci•l yl•l•merts •rMI t. chCh.9 rDnJtrt4rtK Chvrtie9 Aci 201 l "Ar.rxJunling and Rep(rfiry by Ch•rlq Sl•lement ol R•c(mmerKled app1tI•. lo chwrtes Ih•r acc1¥ In •cc4Yd•nee tffjlh Ihe FCtO1 Repytiry Sl•FNJwd Ihe IM R•pJblic of Ireland IFRS 102}" leffectfft l Jwwy 2019) The prmcwl ol lh• CPNNch. a• P•f rt$ Cl111LrtN)n Igo¥•fniry thKemenl ol th• Chrisii•n l•ith •cctythry to IIK• nCS ol Iho Bapt1 dencAnin•twi Th• Chwch m•y •0 advance educatvi arhj c•ry (XA ither chwrt•tkn the Unrfed dIOr rAher parts ol Ihe worhy The Church ffj Ev•rgelical ar#J •cceF8 the Hdy ScnFrtUfe$ 8$ rf• sole •Aty WKI •xi•l• lor ol Almyhty Goj tt ¢¥)er•tss ¥yan1y m Ihe London Btyough ol HwTfM. CW'S mtssrf)n •1at•fnert is Al Rayrws Lane we seek lo be a family ol cornmed loll¢yers ol Jesus Chnst. of aH wes •r#J from &1 nations. as we share the good ol Jesus tr8 we INe aThJ arKI re9uU7r wblic worshw. wayer, &ble stth. Fyeaching and leactMrwJ: evangelism and mission, localty. regionally. nationally arvj inlemalionaty. Ihe teachiw. encouragement. welcome and indusion of young people,. nurture and gro%*th ol Christian disup4es: education arKI trainiry for Christian arKI community see. grvirwJ aThJ encwraging pastoral care.. supports'ng and encowaging charilable social actim in the United Kingdom arKI a. encouragir¥J relalionships with and supwting Baptist and other chr1. Public Benofft l are welcome to atterKI the sefvices and activit$ al the church arKI our memb8rnhip comFYises peopk frLwn wide rar¥Je of ethnic and soci(Feconomic backgrounds. Thè thurth undertakes a number of aclivities which are open to the community. and Ihis indLMles a weekty Pat arKI tldIerS group, a Saturday moming ¢afé and an annual Holiday Bible Club. The church also wishes to reach oul to the communty of RayneTS Lane and supports the local council by allowng the use of the church emises as a polling $tstion. The 2r4 Rayners Lane Scout Group, a Pilates gold group. a Knit and Sthch Group and Craft Card Club all use the wemises. We continue to act as a collection p)int for HarrN Food- bank ar#J operate a weekjy foodbankfrom the church premises. The churth also operates a CAP Debt Centre frtyn ow wemises and the CAP Debt Centre Manager is a member of the staff. Our 0tr4'edNes actrrfities fulty reflect the purposes Ihat the charrty was set up to further. We have referred to the guidance rA>ntained in the Charity Commission's general guidance on public benefrt when reviewing our objectives and activrties and vthen planning for future activities. The Trusteés have given due consideration to the Charrty Commission pU1$hed guidance ¢)n the Public Benefrt requirement underthe Chanlies Act 2011. Review of activities Rayners Lane Baptist Church is an EvarvJelical Chrislian communty located in the L(yMlon Borough of Harrow. Its current Membership reflects the increasing mulli•cullural diversty of North West LorKlon and every Surmlay each continent is represented in the congwation. cs Camscanner
RAYIIERS LANE BAPTIST CHURCH REPOA T OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER XI24 IcontTh4Jl Members of t Churth mel r•gul•ty, n pern( WKI by leleconl•rK4ry. teach •rKJ •tth fv Hoty ScnptU$. lo pr8y. to ¥we•d Ihe Gospl. to ixjthl up Chri#lian• in Iheir l•rfh. •nd to Il love ol CPwi•t lo Ihe IaTr commufl During 2024 the Church h8s had three membern of stall., the Senior Pastor •ThJ Associate Pagtix having moved on al the er)d of 2023 The Chilthen and F8milwJ Lead, Church Adminigtrator CAP DetA Centre Manager continued In posl Steps TAwe18ken lo begin Ihe prodre lo appoint 8 new Seniof Pastor Tmth I Support of a Mtsjeralc At the erKI of the year trre wern 152 of lh• chLYch and 75 AffAiale•. Achlevements and Perfomiance RLBC contin1 many of rts program$ to imwove the wayer aThJ evangelistsc èfforts which are at tho cor• of our belts. The maionty of groups and events now meet in person on the church wemises (K at membwj. homes. Th Sunday moming seNice continued lo be slreamed on Facebcrfjk whiEst some meets.ngs ntinued to be hekl on zoom for those unable lo attend in person. Karen Salers, our Children and Families Lead. continued lo oversee the work wtth children and famil*s in the church and communrty. She successfulty completed her studies in Chihdren and Youth Mission at Clrff Colkge. Derbyshire gaining an MA Mission (Children and Youth) in Odober 2024. Ourir¥J 2024 Karen oversaw various ministries such as: Lighthouse. Sunday Club, Play and Pray. Toddlers club and The Holiday Bible Club. The Sunday Club continues to give financial support to a child from Indonesia. A lce yeaty forum for parents, grandparents and others was held to look al how we can encourage our church children in their walk of faith. Training for Children, youth leaders and parents was offered in conjunction with Growing Young Oisciples. She continued to reach out lo our local primary schools and the weekty assembty for years 2 and 3 VRS reestablished in January. She conlinued her outreath lo Schoo in conjunction with the charity re'.gen. Karen also arranged for herself and four volunteers to support a week long residents'al &"ble study evert for children with one of the children from the chwch tsking pwt. Sharon Jacques. the CAP Debt Centre Manager continued to support clients who were experiencang money and debt problems. Many of the clients ofG4P took advantage of the RLBC Foodbank and Refresh Cafe arKI some attend the seNbces on a Sunday as well as other activities at the church. During 2024 there were various ministries such as Prayer Gatherings, the monthty Youth Gathering, a fortnightly Bibk Study group for men and Thirst on Thursday. an online bible study group for women. On month there were social gatherings for lunch. for ladies and for men at separate venues. Home groups met fortnightly to discuss questions on the rrent series being preathd. the questions being supplied by a member of church. A celeallOn fol1¢yd the service marknng the 90-year anniversary ofthe church. Soul Sisters was laUnched and wt on outreath events forwomen in the k)cal community induding aftemoon tea, a film and a Christmas event. One of the home groups organised a quiz night b3rd games nights for all to atterKI as part of our fellowship e another. A pancake event was held and T•AS open to the whole communty. The Tarnil Fellowship held their annual Christmas event wthich was enjoyed by everyone vtho attended. A group of singers were able lo sing carols outside Rayners Lane Station and a Christmas outreach event took place in November focusing on crafts related to the time of year. The Carols by Candlelight seprfice took place as did the Night watch service which welcomes in Ihe new year. The chibjren of the Sunday Club put on a Nativtly in church vknich was very wdl received. There were training sessions on the importance ol Safeguarding. Level one involved the whole congregation. whilst Levels fyvo and three were aimed at the appropriale members of the church who were invoNted wrth children and adults al nsk. cs Camscanner
14AY14ERS LAME 8APTIST CHUIICH RF.P()A T (X TIIF. TRUqTF.F 8 FOR M_ YEAR FNI)Ff) 31 nF.C.FMAEA X)24 RLBC tOnlinue4 lo d•vplry) Juslfft •n w•ieg1 local #rMIVykl Mi•srfJn Ihfw the •nr.IXlfag•m•nl •rKJ sutwt •rxl frmI4 lor rntry •r#J the oryoww Juppyt •Trl p•slofal c4r• ol trr¥3 •rwJ rfffed mts8pon• i ft1gn)nwy Au•tr•th• ol • •twkni V¥ $up¥Thied <ther Wiyl CINKC9 ttYwJh 9Nry lo th• H(wne FuThJ Ihe BMS Worhj M1851CrfI l Lorthn •s ol Lorthi Crty Mi88ion 8er¥ant hearted ser¥Ke ¥+ thank Ihe churcii members and ielrywthp lor thew frnic4.al tpft xl ttKi Iovty try h•ve to ••Thices ol RLBC lty gkny ol God. Ystee8 ser¥ed the rnwtiivj pefl'od and who are Trustees th• d ol ts •p0val of the Financlal r•vl•w Income for the year was £265.643 {2023.' £257.646). The main reas(m for the wveage was Irom iOrne ar hyh interesl levels GNing to the General Fund deueased $lighUy in the year a1 total Gen8ral FuThJ rKomti £199,013 12023. £2IA.819). ExperKlrfÉure for the yearwas £254,664 {2023". £313.8141. The main reason forthe dease is due to hawng two staff vacan$ ¥thIn the general fund and also 2023 noted a significant spend in the HND FurKI. whth was a one off. Grants lotaling £3,173 (2023: £13.674) We paid from the Mission Support Furhj in 2024. There was also a transfer of £12,753 from the Mission Support Fund to support the CAP DeL Centre, offset by the transfer of £408 from the communty kitchen fund. General fund expenditure was £139.038 (2023". £183.932). The main reason tr the decrease noted is d to having two staff vacaTries th[0hoUl 2024 arKI the associated staff costs such as housing. At the end of the year the reserves balance on the General Fund was £163.425 (2023: £90,184). The reserves balance will comfortably cover over four months of 2025 budgeted expenditure, and therefore meets the fwr months of bjdgeted expeTraiture as set out in the reserves Folicy. The Mission Support Fund has a balance at the of the year of £52,813 (2023". £68.330). and grants are made at least annually lo UK andlor overseas mission projects. The churth general fund continued to support UK and overseas mission through regular donalions to Home Mission and BMS Worfd Mission Ihrough the Thank Offering. In addition other organisations serving in the UK have been supp)rted and specifically the church has commitied lo support one family in overseas mission. The annual Thank Offering raised £16,575 (2023.. £15,690) and enabled grants lo be made to missionaries and mission organisations. Grant making pollcy The Church seeks to 91 God in supwting CFwistian missionary adivty in this county and overseas by prayer, practical help aThJ financial giving. We aim to be a local churth with a global vision. The Chur(* supports a number of Organisati( and the extent of this support can be seen in Note 5 to th8 accounts. cs Camscanner
RAYNERS LANE BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2(r24 Iconlinued) Reserves pollcy 11 is policy to maintain unre5trided fvnd8. which arn free resee9 ol the Church, 81 a level which lakes into account variable general giving, future repair needs of the Church buildings I manses and the need to Support a team ol staff. The Churth seeks to maintain gener re$erve$ equivalenl lo four months budgeted expenditure. In regards to de5Trated funds, fv poltcy is lo maintain a balance of £10.10 for th? HND I&E Fund fof fixed asset imwovemenlswhich are not unable be met by that Fund's tncixne. The FalMc Fund maintains a balance of £20,CD) to support any unexFe¢ted mainlenance costs vthich is unable to be met by the General Fund's Income. The Legacy Fund has been sel askle for a onethoff project and the Mission Support FuThJ 1$ teing acthty deployed each year, subjed to the grant applicalions rNed and apwoved. Wthn restricted furKls. Ihe SFeofic Furhd. Thank Offering FuTrJ aThJ Surrflry Missiowies Fund do not have reSeeS. This is on the basis thal vthen the fuThts a re(XNed. they are passed on in a timely manner for their SFeufic intended purFose. In regards to the Fellowship Fund. this is spent as arKI when reqirired. The Sundry Club Collections Fund maintains a m(MJesl balan in orderto commit to its monthly ¢ontritMJtions. The CAP Centre aims to maintain a level of resee$ equlvant lo three months budgeted expenditu. Currentty this is not the case. therefo the Trustee5 aR actNely Ing at ways to crease donations and funding to increase the Selve level of the CAP Centre speCrfKa1. Investsnent pollcy The Diaconate has powers to invest surplus funds at its absolute discretion and annualty reviews its finance and investment policies. Structures govemance and management The Church was created by a trust deed dated 27th February 1937 aThl is an unincorporated charity registered in England and Wales, registration number 1129399. The Church is a Public Benefit Entity. The principal address of the reporting entity is 139 Imperial Drive. Rayners Lane, HaTrow HA2 7HW. The Cuslodian Trustee for its land and buildings are The London Baptist Property Board. Unil C2, 15 Dock Street, London, England. E18JN. The appointment of Charity Trustees is a pr¢xess Ihat is wblic, dear and open so Ihat all Churth mernbe are enabled to consider wayerfully who shoukj te appinled as Chanty TrSlee5. The PrCesS ertsU that noti is given of any forthcoming eleclion so that Church Memters may freety nominate wospe(aNe Charity Trustees whose names shall te submitted (after have indicated a llingneSS lo be apwintedl for deusion to the Church Meeting with the intention of enyjring that those appointed have a sufficient Ve1 of supp)rt from them. Charity Trustees mt atready be membw5 of Rayrtrs Lane Baptist Church. Church organisatlon The Church Meeting is scheduled to lake place five times per year and has responsibil.ty for the overall policy of the Church. The day to day running of the Church's work and wilness, and the financial and legal aspects of ihe Charity, are the Tesponsibility of the Diaconate. Under the Conslitution this body consists of up to Iwelve Deacons. Ic4Jether with the Minister, and Iwo Officers.. Church Secfetsry and Treasurer. all of whom are appointed by the Member5. The election of Officers and Deacons lakes pla at the AGM. and any vaCaneS may be filled at any Church Meeting where appropriate notice has been gNen for nomination and election. Officers and Deacons are appointed from the membership. Nominations for each posl a made in writing with the supporting Signatu of Iwo other Church Members and the consent ofthe candidate. Deacons are appointed for a tem of three years and then must seek reekdion. Officers are appointed for one year and may be re-appointed in subsequent years. The Church seeks to appoint a Diaconate with a variety of glfts and skills so thal individual Deacons may have responsibilty for a specific aa of ministy. The Church seeks to appoint a Diaconate that represents the age aThJ cultural dNersty of the church. cs Camscanner
RAYNERS LANE BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2f24 Iconts'nuedl All Members are encouraged lo lake an appropriate part in the spiritual and praclicol tasks involved in the furtheran of the charitable objective. Relevant matters may te submitted lo the Church Meeting by the Diacon*e for guidance and approval, or may be raised by Members in Ihe Church Meeting for further consideration by the Diaconate. Though the Conslrtution pemiils deasions to be made at Chuth Meetings by appropriate majoriiies. the Church seeks to work by consensus wherever possib]e. Risk assessment The Diaconate continues lo rewew the m4or strategic. financial and operational risks faeed by the Churth and considers Ihat systems have been estabtished to monitor them so that the necessary steps can be taken to mitigate them. cs Camscanner
RAYNERS LANE BAPTIST CHURCH REPOR T OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2Q4 l¢(Nrtwwd) Ststsm•rf try•lw•' Tr•poTr•lblllll•• The Irustoes are responsth lof wep8Mg th• Tru8leeJ' Repfmt 8TrJ the ffinanual ¥ementS n acrJ)rdance WTrth applicable law and Urthd ACCO.3 SlaThJ•rd• Iuited G1•1 Aceept Aceountsr#J Pr8dKel. law aliCoble to chgritm in ErylwJ and Wales requim trustoes to finarKial $lalem•rts for each financial year %thich give a true and fair view of the slate of affairs oflhe Church ond of inCMira re$(xKces aThl of 50ceS of the Church for that year. In prepariTrJ Ihese fnanci•l statemenli Ihe In1805 wo requir8d lo.. . selert suitaljle •¢country policies and then apFfy them ¢Thl$lenty: - observe the methots arvj in the Charilies SORP: - make Iagements and estimates that are reasonable and pnhjeit - state whether applicable accounling standards have been folh)wed, subject to any merial departures dcloSed and ewained in the financial statements., and - prepare the financial stalemenls on the going concem basis unless it ts inappropriate to wesume that the chanty will conts.nue in operakn"on. The trustees are responsible for keeping sufficient accounling records that disclose with reasonable accuracy at any time the financial Fosition of the Church and enable them to ensure that the financial statements comply wilh the Charities Act 2011. the Charity IAcc4)unts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees, rep was appyoved by the Board 0fTn. Mr J Francis Sxretary cs Camscanner
REPORT OF THE INDEPENDENT EKAMINER TO THE DIACONATE OF RAYNERS LANE BAPTIST CHURCH I report to the Iruslees on my examination ol the financial 5ts1ements of Rayners La Baptisl Churth (the Church) for the year ended 31 December 2024. Rosponslbllitlés and ba81s of report As the eharily Iruslees of the Church you are responsible for the preparation of the finawal statements in ac¢ordance with the requirements of the Chariiies Act 2011 Ilhe 2011 Acti. I report in respect of my examinali¢Jn of the ChLKch's financial statements carried OLrt under se¢tion 145 of the 2011 Act. In earrying OLrt my examination I have followed all the applicable Directions given by the Chafty Commi$sion under section 14515)Ib) of the 2011 Act. Independent examinerfs statement Your attenlion is drawn lo the fact that the charity has wepared financial slalemerrts in a¢cordan¢e wih Accounting and Reporting by Charities preparing their accounts in accordance wrth the Finanual Reporting Standard applicable in the UK arKI Republic of Ireland IFRS 102) in preference to the Accounting and Reporting by Charities.. Stslement of Recommended Practice issued on 1 April 2005 which is referred to in the extant gUlationS bLrt has now been withdrawn. l understand that this has beert done in order for financial statements to PTOVKle a true and fair view in accordan wlh Generally Accepted Accounting Practice effectNe for rewAting periods beginning on or after 1 January 2015. I have ¢ompleled my examination. I confimi that no malters have come to my attention in connection with the examination giving me cause to bdieve that in any material resF*rt'. 1. accounting records were nol kept in respect of the Churth as required by section 130 of the 2011 Ad.. or 2. the finanual slalements do not acc(Yd with those rec(Yds'. 3. the financial slalements do not comply wtth the applicable requirements ¢onceming the fomi ar)d ¢ontent of accounts set OLrt in the Charities (Accounts and Reports) Regulations 2008 other than any quiremenl that the accounts give a true and fair view which 15 not a matter considered as part of an independent examination. I have no concerns and have Come arxoss no other mattets in ¢onne¢tion with the examination to which attention should be drawn in thi5 Teport in (Jrder to enaile a proper undelanding of the financial statements to be rea¢hed. Since the charity's gross income eXded £250.000, l am required lo slate whether l am qualified lo undertake the examination. I confimi thal l am qualified to undertake the examination by being a member of the Institute of Chartered Accountants in England and Wales. which is one of the listed bodies under section 145(3) of the Act. Robert Moore FCA Ilndependent Examiner) Bright Grahame Murray Emperorfs Gale 114a Cromwell Road Kensinwon London SWI 4AG Dated.. 1110812025 cs Camscanner
RAYNERS LANE BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUOING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 224 Income and Expenditurg Unrestrktedfun¢ts Restrlcted Genernl Designated funits rotal fvnds 2023 Not8$ Income and endowments from: Donations and legaaes Investment income Other income 185,138 8,155 5.720 2.201 28.6(Kl 35.829 223,168 36,755 5,720 234,483 21.203 Total Income 199013 Expendlturo on: Chantable aGtivibes.' Ministry Costs Mission Costs Establishment costs 7421 24.016 38.601 2,818 2.515 59.361 28.341 21.842 749 107.580 48.373 98.711 163.609 48,098 102.107 Total ¢haritsble expenditure 313814 Net incomellexpendltyre) before transfers 59.975 (33.8931 (15.1031 10.979 156.1681 Gross transfers between funds 13,266 123.6441 10.378 13114 Net movement In funds 10979 168 Reconclllatlon of funds.. Total funds brought foNard Al 1 January 2024 9),184 1.627.325 11.189 1,728.698 1,784,866 Total funds ¢arrled foT¥Yard At 31 December 2024 The statement of financial activities indudes all gain5 aThl bsses recognised in the year. All income and expenditure delive from ctJntinuiThJ adiv11. cs Camscanner
STATEMENT OF FINANCIAL ACTMTIES FOR YEAR ENDED 31 DECEMBER 2023 Incom• and Expendltuv• Lknrnslnlct•d funds R•*trl¢l•d G•nw¥l O•slgnal•d Tot•1 Incom• and •ndowThents from: Donations and legaLx# Inveslment Income Other inc(xne Total Expendlturn on: Chan"r8ble 8dNtt.' Ministry costs Mission costs Establishmert (Thts Total 199.031 5.228 234.483 21.203 15.97S 19 257 135.220 15.331 33.381 183932 24.524 19.267 163.609 13,5(MJ 68,673 102,107 313 814 N•t in¢omel(expenditure) 22.887 (66.117) (12.938) (56.168) Transfers between funds (4.386) (7.641} 12.027 Net movement In funds 911 Reconciliation of funds: Total funds brought forward At 1 January 2023 Total funds carried forward At 31 December 2023 71.683 1.701.083 12.1fX) 1.784.8&8 Movements on re$eNes arKI all recognised gains and losses are shown ab(Ne. 1C cs Camscanner
RAYNERS LANE BAPTIST CHURCH BALANCE SHEET ASAT 31 DECEMBER 2024 31.12.2024 31.12.2023 Not•s Flxod assets Tangible fixed assets 1457 241 1457 241 1492 577 1492 S77 10 Toiw redaSSets Current assets Debtors Cash al bank and in harKI 28.C66 262 402 29) 468 21,316 228 965 250 281 11 Tolal cuent assels Llabilities.. Creditors: Amounts falling due within one year (8.032) (14,160) 12 Net current 8ssels 236 121 Totsl assets less current liabilities 1,739,677 1,728,698 Income funds: Restricted fvnd$ Unrestricted funds- General Unrestricted funds- Designated 11.189 90.184 1.627,325 14 13 13 163,425 1.569.788 Total charlty funds 1.739.677 1,728,698 07-07- The financial statements were approved by the Trustees on....................... Mr J Francls Secrotary cs Camscanner
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (conlinuedl I ACCOUNTING POUCIES Charity Inforniatlon Rayners Lane Baptist Church Is an unincorporaled registered charity (No. 1129399) established by a trust deed in England and Wales. The primary address is 139 Imperial Drive. Harrow. Middlesex, HA2 7HW. The Chtsrch is a Public Beneffil Entity. 1.2 Accountlng conventlon The financial statements have been prepared in accordance wilh the Church's constilution. the Charities Ad 2011. FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" {'FRS 102.1 and the Charities SORP 'Accounting and Reporting by Charities: Statemeni of Recommended Practice appli¢able lo charities preparing their accounts in a¢Idance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective l January 2019). The Church is a Public Benefit Entity as defined by FRS 102. The Church has taken advantage oflhe provisions in the SORP for charities not to pyepare a Slalement of Cash Flows. The financial slatements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required lo provide a true and fair view. This departure has invofved following Ihe Statement of Recommended Pra¢tice for ¢hartties apptying FRS 102 rather than the version of the Slatemenl of Recommended Practice which is referred to in the Regulations, but which has since been wrthdrawn. The finanual statements are prepad in sterling. vthi¢h is the fijnctional currency of the Church. Monetary amounts in these finanaal statements are rounded to the nearest £. The financial statements have been yepared under the historical cost convention. modffied to include the revaluation of investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set oui below. 1.2 Going concern At the time of approving the financial statements. the ttuslees have a reasonable expectation thal the Church has adequate resources to conts'nue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in pparing Ihe financial statements. 1.3 Charltablofunds Unrestricted funds are available for use at the distxelion of the trustees in furtherance of their charitable objectives. General unrestricted funds rekyesenl donations and other income received or generated for the objects of the Church without further specified purpose and are available as general funds. Designated unstrided funds are those vthich have been allocated by the Diaconate for identifiable future expenditure. Restricted hjnds a to be used for specified purposes as laKI down by the donor. ExperKliture vthich meets appropriate criteria is identified to the levant fund. 1.4 Income Voluntary income received by way of donations and gtfts is wKluded in full in the Statement of Financial Activities when CeIved. including gifts in ki1 that are capable of valuation. Rental income is recognised when tre charity is entiued to the irK(rfne. 12 cs Camscanner
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 310ECEMBER 2024 Iconlinvedl 1 ACCOUNTING POLICIES {conllnuod) Donations under Gift Ard, togelher with the la¥ re¢overabb Ihereon. are accwnted for when received. Provision is made for unclaimed lax al the yeaTnd. Pecuniary legacies are recognised as they are received. Residuary legaaes are recognised at the earlier of reIpt or agreemenl of the estate accounts. 1.s Expenditure Expenditure is recognised once Ihere is a legal or constTUCtive obligation lo transfer economic benefft lo a third party, it is probable that a Iran$fer of economic benefits wll be required in settlement, a1 the amount of Ihe obligation ¢an be measured reliabty. ExFenditure is dassrfd by activty. The $tS of each adivty are made up of the tolal of direct costs and shared costs, including support costs involved in urmjertaking each 3ctNty. Direct costs attributable to a single activity are allocated directly to that activity. Shared cosls which contribute lo more Ihan one actNity and support costs which are not attriLKrtable to a single adivity are apw)rtioned betsveen those actNrÉies on a basis consi51enl wth the use of resour$. Central staff costs are allocated on the basis of time spenl, and depreciation charges are allocated on the portion of the asset's use. Resources expended a charged in the accounts in the period in which they are incurred. These are allocated to the following headings and indude attribulable VAT which cannot be recovered". fi) Ministry cosls are those relating to Ihe direct wrposes of the d)ur¢h', {iil Mission: Grants are made to missionaries aThJ other charitable organisations. These a recognised as a liabilty when the Church is under an obligation to make payments, or wfien the grant is paid over whichever arises first: liiil Establishment costs include all costs in support of the Church's main objectives., aThJ IN) Govemance costs represent expendrture on cLMnpliance wth ststuiory and legal requirements. Ministry, establishmenL govemance and other support costs are activities undertaken directly by the Church. Mission Costs are grant fvnded adNities of Church. Support costs are allocated by level of adivity, and as the Church's principal purpose is the advanment of the Christian farth. ministry is allocated 8W• of the supp)rt costs. and mission and establishment each being allocated 10% of support costs. The Church relie5 heawty on volunteers and it is imp)ssible to quantrfy the finanoal value of Iheir vrk. Volunteers help within childn. youlh. young aduts and okler people's groups as well as home groups. Other events organised by the Church are also run by supp)rted by volunteers. and thè largest event each year supported by volunteers is the Holiday Bible Club Volunteers also help in the Sunday services arKI this indudes music. sound and prcyector. stewarding and refreshments. Irrecoverable VAT is charged against the expenditure heading forvthith it was inujrred. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and suwuenty measured at cost or valuation. net of depreciation and any impaient losses. Depreciation is recognised so as to write off ts cost lx valuation of assets less their residual values ¢)ver their useful lives on the following bases.. Freehold Ik11n9$ straht line over 10- 50 years Fumiture and ffttings Straight line over 4 yeas 13 cs Camscanner
RAYNERS LANE BAPT18T CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 {contsnued) Slraighl line over 4 years Compute Freehold land is not detKecialed. The gain or loss arising on the disposal ol an asset FS deteir1ed as the tffierence between the sale proceeds and the carryitvj value of Ihe asset, and is recognised in the statement of financial a¢tivrties. 1.7 Cash and cash equlvalents Cash and cash equivalents indude cash in hand. deposits hekl al ¢all wlh banks. other short-temi liquNJ investments with original maturiiies of three monlh$ or le$5. and bank overdrafts. Bank overdrafts a shown wilhin borrowngs in current liakn'lities. 1.8 Financlal Instruments The Church has elected to apply the provisions of SectKn 11 'Basi¢ Financial Instruments, arKI Seclion 12 '0ther Financial Instruments Issues. of FRS 102 to all of ils finanrAal in51rumenls. Financial inslfuments a recognised in the Church's trAlance sheet when the Church becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset. hth the net amounts psente In the financial statements. when there is a legally enforable right to set off the regnised amounls and there is an intention lo settle on a net basis or to realise the asset and setue the liability simultaneously. Basic financialassets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction $1$ and a subsequently carried at amortised cost using the effective interest method unless the aangement constitutes a financing transaction, where the transaction is measured at the present value of the fuiure receipts discounted at a market rate of interest. Financial assets dassthed as receivatrAe within one year are not amortised. Basic financial liabilities Basic financial liabilrties. in¢ludirKJ (xeditors and bank loans are initialty recognised at transaction pri unless the arrangement constitutes a financing transaction, where the debt inslrument is measured al the present value of the future payments discounted at a market rate of interest. Finanaal liabilities classified as payable within one year are not amtytised. Debt instruments are subsequenty caffied at amortised cost. usiNJ the effective interest rate method. Trade creditors are oblvJalions to pay for goods or sertsices that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassffied as CUTnI liabilities rf paymenl is due within one year or less. If nol, they are presented as nonVcUrnt liabililies. Trade creditors are recognised inrtially at transaction wice atvj subsequently measured at amortised cost using the effective interest method. Derecognition of finan¢lal Ilabilities Financial liabilits.es are derecognised wln the Chwch's contractual ob1jaIl0ns expire or ara discharged or cancelled. 1.9 Employee beneffts The cost of any unused holiday entitlement is recognised in thè period in th8 employee's sepiices are receNed. Temiinalion benefits are recognised wnmediately as an expense when Church is demonstrably committed to leinate the employment of an employee or to temiination beneffts. 14 cs Camscanner
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 {conlinued) 2 CRITICAL ACCOUNTING ESTIMATES In the application of the Church's accounting policies. the trustees are required lo make judgements. estimates and assumplions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factorn Ihal are considered to be relevant. Actual results may differ Irom Ihese estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the eslimale is revised where the revision affects onty Ihat period. or in the period of the revision and future periods where the revi8ion affects both currenl and fuiure periods. 3 INVESTMENT INCOME Unrestncted General Deslgnatèd Restrided Total 2024 Total 2023 Renlal Income Interesl Receivable 28.) 15.975 4 MINISTRY COSTS Unresfyicted General Designated Restrfcted Total 2024 Total 2023 Activities undertaken directly Staff costs Wisiting preachers. fees Children and yOLrth work resources Evangelism Training Subscriptions & donations CAP Debt Centre Other 36.641 3.188 2,157 3.e69 2.674 19.880 56.521 3,188 2.157 3.669 2,674 119,100 611 1.454 3,388 1,481 3.916 7,566 7.734 500 7.734 144 021 Support cost5 (Note n Govemance costs {Note n 18,244 227 18.471 17.889 15 cs Camscanner
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 {conlinuedl 6 MISSION COSTS iknr•$tn*c¢•d G•n•rnl D•slgn•t•d Reslrfct•d Tot•1 2024 13.250 16,042 29,292 Grant funding of •cll¥ltl•• Total inslilution81 grants Grants to individuals 515 2,515 21. 21,842 45.865 Support costs (Note n Govemance costs (Note n 2.2 228 2.280 22 Grant fundlng of activllles Total 2024 Total 2023 AIM Intemational 8MS World Missi( ECM ICMDA 969 1.175 2,487 London Baptisl (Home Mission) London City Mission Potters Village Regeneration Schools Work SGM Lrfewords SIM Intemational Tearfund 7,650 8.1( 5.619 6.875 4.9JJ 4,063 2,225 937 825 1.669 3.281 1.608 Other institutional grants Total institutional grants Grants to indmduals Support costs (Note n Governance costs (Note 7) 2,280 228 2,119 21 16 cs Camscanner
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 37 DECEMBER 2024 Iconlinued) 6 ESTABLISHMENT COST8 Actlvltl•$ undertaken dlr•clly G•nernl Doslgn•ted Rostrlcted fot•l 2024 Totsl 2ff23 Lwht & Rent. council tax & w Insurance Letting fees Depreoati Repairs & maintenanr Cleaning expenses Gardening her 5,417 353 5.677 139 492 7,185 2,634 $3,123 12.233 11.203 4.656 2.634 53.123 1.873 50,329 20.743 9.730 10.360 11.203 458 36.093 749 749 59,381 96,203 99,776 Support costs (Note 7) Govemance costs (Note 7) 2,280 228 2.280 228 2,119 212 7 SUPPORT COSTS Support Govemance costs costs 2024 Total 2023 Support costs Staff costs Telephone & intemet Printing & stationery Bank charge5 Sundry Office expenses Independent Examinerfs Fee Total 15.358 1.024 4.109 167 2.172 201 15.358 1.024 4.109 167 2,172 201 13.646 2,724 4.380 148 227 17 cs Camscanner
RA YNERS LANE 8AP113T CHURCH NOTES TO THF. f INANC.IAL 8TA TEMF.NT3 FOR fHE YFAR F.NOF.n.11 DECEMBER 2024 {conITnd1 Support cwt •lloc•tton 0•d RMtrkt•d fot•l 1024 Supp)rt costs Govemanee costs 18.244 1,824 227 18,471 1,824 Allsslon (I Supp)rt costs Governance costs 2.2 228 2.2 228 Est•bli$hm•nl {1ry Admin aThJ managemert C4>9ts 2.21 228 2,280 Total 8 TRUSTEES Total aggregate remuneration paid to key management personnel during the year was £50,740 (2023.. £98,255) No Trustee expenses Ir[red duriThJ the year (2023: £Nil). No sums were reimbursed to the Trustees for treir M)rk as Trustees {2023: £Nil). 9 STAFF COSTS 2023 Gross vmges and salaries Social security costs Employer's pension contritrArtsons Employerfs deficit contribution to defined benefft pension S¢ Cessation cost from Pension Scheme 67,306 2.554 118,326 5,262 8.209 The average monthly number of employees during the year was 3 (2023". 5). No employees {2023: Nil} received ernoluments in excess of £60.000 during the year. 18 cs Camscanner
RAYNERS LANE BAPTIST CHURCH NOTES TO THF. FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10 TANGIBLE FIXED ASSET8 Frnehold bulldings Flxturns •nd Comput•rn fillinqs Tot•1 Equlpm•n( Cost or y4•110n Al l January 2024 Addrtn5 tlsposaL8 2,452,287 3.743 (3,744) 2,452.286 124.608 12.368 (3,012) 133,964 25.027 1.676 17681 25,935 2,601.W2 17,787 {7,5241 2,612,165 Ai 31 Dec•mb•r 2024 D•pr•¢l•tion and knp•lrnwnts Al 1 January 2024 Depreciab"on Charged in the DeptIon on disFosal At31 D•¢ember2024 971.301 48.658 (3.744) 1,016.215 117.065 2.799 (3.012) 116.852 20.959 1,109.325 53,123 (7,524) 1,154,924 21,857 Net book v•lu• at 31 December 2024 1,436,051 17.112 4.078 1,457,241 Net book value at 31 December 2023 1.480. 1.492,577 Freehold land and buildings comprises the Church premises. Manse al 1 Vicarage Way & Manse at 137 Imperial Drive. The gfOSS book value of Ihe Church wemises and Manse al I Vicarage Way is based on an estimate by the Diaconate on 1 January 1997. as increased by the cost of subsequent building work aThl refvrbishment. The Manse at 137 Imperial Drive is valued at cost. As at 31 Decembèr 2024 the cost and nel book value were as follows: NBV Church Premises: 1 Vicarage Way.. 137 Imperial Drive.. 1.780.899 259.227 412 140 2 452 266 892,522 196.045 In accordance wrth FRS 102 Section 16.7 and the Charities SORP IFRS 102}. the charity continues to account for certain properties that would otherwise meet the definition of investment property a5 property. plant and equipment (PPE). This treatment is applied because Ihe tsir value of these woperties cannot be measured liablY without undue cost or effort. The deslon to apply Ihe Cost model refiects the following considerations: Engaging extemal valuers to obtain fair values would involve diswoF#)rth?nate cost Telative to the benefit to users of the financial stalemenls. These properties are therefore measured using the $1 mThlel under SedM)n 17 of FRS 102, and are depreciated over their eslimaled useful lives. 19 cs Camscanner
RA YNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Iconlinuedl 11 DEBTORS Amounts falllng due withln one year. 2023 Other debtors Prepayments and accrued income 21.5 14,Y1 28,066 21,316 12 CREDrroRS Amounts lalling due within one year 2024 2023 Othertaxalion and social security Olher credtiors Ac¢ruals and deferred income 2.758 1,729 395 8,032 14,160 cs Camscanner
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) 13 UNRESTRICTED FUND Balance at I January 2024 In¢omlng Resou0$ Resour¢e8 Expanded Transfers Balance at 31 December 2024 General Fund 90,184 199.013 (139,038) 13,266 163,425 Designated funds.. Community Kitchen Fixed Asset FXI HND I&E Fabric FuThJ Legacy Fund Training Furnl Mission Support Furrfl Tamil Fellowship 1.492,577 (53.123) (5.088) 17,787 (23,457) 1,457.241 10.003 20,002 26.124 20.002 32.094 805 68.330 3.161 1,627.325 (1.19 (805) (3,172) 11.356) (64.694) 14,820) {12,346) {4C(I} (23.6441 52.812 3,608 1,569,788 2.201 30.801 Balance at I January 2023 Inwnlng Resouw Transfers Resources Expanded Balance at31 D•cember 2023 General Fund 71.683 206.819 {183.9321 (4.386) 90,184 Designated fund& Communily Kitchen Fixed Asset Fund HND I&E Equipment Furvj Fabric Fund Foodbank Legacy Fund (9011 (50,329) {16.954} (1,2471 408 1,492.577 9.948 1.510.482 29.797 5.582 10.165 32.424 (18,870) (4.335) 9,837 15.975 20,(NJ2 (3821 {12,0 32,094 Training Fund Mission Support FWKI Tamil Fellowship 2.435 94.757 1861 (13,674) (2.465} 86,038 (1,544) {12.753) {41YJI 7.641 68,330 3,161 1627,325 1.701,083 19.921 21 cs Camscanner
RA YNERS LANE 8APTISI CHVRCH NOTF.S TO TIIE fiNANCIAL STATEPIENTS FOR THE YEAR ENDEO 31 DECEMBER 2024 {continiJedl The income fijnds ol Ihe ch•rrty include Ihe above designated fijnds Twhtch h8Ye been yel ijmle out of unreslncted funds by Ihe Iruslees for specffic purpoyes. accofding lo Ihe furKI descripl The Fixed A$$el Fvnd rewesenls Iho net book v8hJe of all laryible fixed 8Jset8. The HNO I8E Fund rewe$enls ren181 income receNed from lottry 137 Imporial Drive arKI expeThlrture on lelting fees. buildings Insuran and repairs aj renewals. The Mission Support Fund is used lo support UK and overseas mission. A committee has been sel up to consider requesls for grants and granls aTe made al least once a year. There were transfers lotalling £12.753 frcm Ihe Missiry) Support Fund to the CAP Debt Centre. The main purpose ol the Legacy Fund is to be SFent on one off woiects, vthich overall support Rayners La Baptist Church 14 RESTRICTED FUNDS 8alan¢e at I Incoming Resources January 2024 Resour Expanded Trnnsfe Balance at 31 December2024 CAP Debt Centre Speafic Fund Fell¢)w5hip FWKI Sunday Club CO1 Thank OfferirKJ Sundry Missionar 5.739 11,095 3,125 (27,815) (749) 13,378 12.376) 2.397 3.587 3,650 417 297 16.575 4,737 35.829 {338) (15,888) (6,142) 150,932) (68n 11,189 10.378 6,464 Balance at I January 2023 Incoming Resources Resources Expanded Trnnsfe Balance at 31 December 2023 CAP Debt Centre Fellowship Fund Specific Donats'on Sunday Club Collect&Jns Thank Offering Sundry Missionaries 6.853 4.375 9.578 (23,608) (850) 154) {3511 (15.340) {3.6411 {43.844} 12.916 62 (W1) 5,739 3.587 217 592 15,690 (350) 12.100 30,9C6 12.027 11,189 The CAP Debt Centre FurKI is used lo pay the salary of the Debl Centre Manager and other expenditure incurred in the running of the Cenlre. From 1 Juty 2022 the church agreed to help fund the debt centre for tsvo years, al £17,000 per year. from the Mission Support Fund. At the 1 January 2024 there was £12.753 remaining, due lo a pause in 2023 wthen there was a rc* vacarw, whi¢h was then used during 2024. It's v•m reserves supported the Rmaining costs till the end of the year. cs Camscanner
RAYNERS LANE BAPT131 CHURCH NOFFq I(} Illl_ FINANCIAL STATfMENTS FOR IHE YEAR ENUED.11 DECEMBER 2024 {con1Nd) The Fellowship Fund r8 used fcrf making payrnertj to P•OFrfe f•ciw financial hardship P•ymenlg af• mad• Solely al the discretion of the minister The Thank Ollenng represents monies colleded on the Churth •nnivernwy Thi•19 ar¢81ed lo mission or Church aclwrties occording lo the donor's wish Tre Spufic Donation Fund waj used Ic a specrfrc donallon Ityward re4aceMent ol Church Red Cha Other resln¢Xed funds rewesenl amounts coNecled In the year for mrision8. ch¥ilabl8 woth or irKlIvv8l5 aTrJ pahj thereto. 15 ANALYSIS OF NET ASSETS BETWEEN FUNOS Balance at 31 tlecember 2024 Tanglble FixedAssets Net Current Asseeg(Liabililies) Total Restricted ftjr unsInGled[uth1s.. Designated fvnds General fuTrJ 6,464 1.457.241 112.547 163.425 282.436 1,9,788 163,425 1,739,677 1.457.241 Balance at 31 December 2023 Tangible Net Ctsffent FixèdAssots ASse(abl1ts1eSj Total Restricted funds Unrestricted lunds." Designated fvnds General fu1 11,189 11,189 1.492.577 134,748 ,184 236,121 1,627.325 9J.184 1.728,698 1.492.577 16 OPERATING LEASE COMMITMENTS At the reporting end date the Church had oulslanding commitments for future minimum lease paymenls under nOn-CanlIable oFerating leases. which full due as follows= Equipment 2024 2023 Leases which expire= Within one year Between two lo five yea 207 1,797 207 207 Lease payments tharged to expenditure in the year 23 cs Camscanner
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (contrnl) 17 OTHER COMMITMENTS Mi•slon Support The Church is commrtted lo supportirtrJ one mis8ionary family for the next yeaf ITr the 8um of £5.700 friyn the General Fund. CAP Debt C•nlro The Church is commilled to making a payment of £6(K) a rnonlh lo Christians Against Poverty in 8ra(fford. whilst running the CAP Debt Cenlre. 18 PENSIONS Rayners Lane Baptist Church participates in a defined contribution scheme run by The People's Pension. The pension costs charged lo the SOFA in the year are £2.554 (2023.. £4.109). 19 RELATED PARTY TRANSACTIONS The custodian Trustee of the Church is the Bapts'st Union Corporation Limited which is charty number 249635, and which is controlled by the Baptist Union Counc41. The church is also a member of the Baptt8t Union of Great Britain, and the London Baptist Association. The Church made a donation lo the Baptist Union Home Mission Scheme as set out in Note 5. The Church makes a monthly payment to Christians Against Poverty (CAP) charity registration number 1097217, for the supply of ser4i¢es for the running ofthe debt centre. There was an oulslanding balan owed by a Trustee of £150 due to an issue with an expense overpayment. The aggregale total of donations received frcffi Iwstees and related parties is £29.497 (2023.. £37,143) Mission Costs set oul in Note 5 indude grants totallirwj £12,538 made to Mr Matthew and Mrs Rachel McNulty lo assist their training and work. They are 50n and daughler-in4aw of Mr lan McNulty (Deacon until 7 July 2024). In addrtion. grants totalling £5,856 were made to London Cty Mission lo assist in funding the training and fLrture work of Mr Joseph Pandian. husband of Mrs PS Mangayafkarasi (Deacon) and parent of Mr A Joseph (Deacon from 7 July 2024). An honorarium of £255 was given to Mr Joseph Pandian for preaching at a servi$ during the year. 24 cs Camscanner