BOOKHAM BAPTIST CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charity Number. 1129903 BOOKHAM BAPTIST CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Contents Pag• Reference and Administrative Details Trustees, Annual Report Audrtors, Report statement of Financial Activities Balan¢è Sheet statement of Cash Flows Notrs to the Financial Stslements 10 11 12-21 BOOKHAPII BAPTIST CHURCH REFERENCE AND ADMINISTRATWE DETAILS Mlnlstry Tèam Rev'd Stephen Elmes (Resigned March 2024) Rev'd Caroline Oliveira Rev'd Gillian Hawkins Trustee8 Rev'd Stephen Elme5 (Resigned March 2024} Rev'd Caroline OINeira Rev'd Gillian Hawkins Mr Matthew Downey Dr Daniel Commandeur Mrs Frances ￿att Mr David Taggart Charfty number 1129903 Bank CAF Bank Kings Hill West Malling Kent ME19 4TA Metro Bank PIC 1 Southampton R¢)w London W1CB SHA Nakn'onwide Building Society Nakn'onwide House Pipers Way Swindon SN38 1NW Kingdom Bank Ruddington Fields Business Park Mere Way Ruddington Nottingham NG116JS Charity Bank Fosse House 182 Hyh Street Tonbridge TN9 18E . Tr￿te9 for Bookham Baptl$t The Baptist UnK*n Corporation Ltd . Chur¢h propertl PO Box 44. 129 Broathvay Didcot Oxon OX118RT Audltor Xeinadin Audit Limited 5 Robin Hood Lane Sutton SMI 2SW Maln addrtss Lower Road Great Bookham Leatherhead Surrey K[23 4DH Key Management Personnel All Trustees Ministy Team Page 1 BOOKHAM BAPTIST CHURCH TRUSTEES, ANNUAL REPORT 2024 Ov•rvi•w of th• year Oct 23- Sept 24 This has been a year of signfficant change as we said farewell to Lead Minister, Rev Steve Elmes in March after 20 years, closed our Rainbow Playgroup in Juty after 37 years and Rev Caroline Oliveira wer¢t on matemity leave in Juty. In addition, Rev Gill Hawkins has had some difficutt family issues to contend with. There has been a sense of being pruned. as the Biblical metsphor de5¢ribes, and yet through this we have come to see that it is i￿ortant for oui continued protection. longevity aTrJ ongoing fruitfulness. The January half-night of prayer identified four key themes.. Trust in God's leadership during this season of signiftant change A sense of calm, unity and anticipation from the church family A need to reslst rushing and to wait. remaining ffexible and open to receiving God's provision A time for all of those in our Ghurch community to be released into gifting and ministy To ￿dresS the impact of reduction of Ministerial hours, the folk)wing measures have been put in ￿ace the Leadership Team have stepped into a more aciive rde in leading church actNities church members and regulars have responded willingly to offer their lime and gifts in their volunteering roles Rev Mel Commandeur, a former minister at BBC, has providèd part-time m*emity Cover. The ministerial structure was also changed to a Ilatter, team-based ministry, in Yecognition Ihat there was less of a need for a'lead, minister going forward and to make room for a Children, Youth & Communty role, whKh is in the prO￿s3 of ing recruited. A sulFset of the Leadership Team has been working with Paul Kerley, SEBA Regional Minister, on n￿VIng this recrurtment forward, as well as advertising the position more widety. Due to a projected shortfall in finances for this financlal year, a 'gift day. was hekj in October. to which the thurch family responded with such generosty that the amunt needed was exceeded. However. some budgets needed lo be cul back and an over-reliance on a very small number of particularly generous regular givers remained. Nevertheless, the ChU￿h reserves remain well ahead of the 3 months, operatlng cost, which is the seM4mposed level that we have been working tOW8rds for the last few years. Our cre8ts.on care inltiative look 9￿8t steps In moving foThvard with an investment in solar panels on the church roof. which were installed over the summer. Baptlsm and Membevshlp We lost several members, through death, transfers and moves. some related to dr&agreem&nl wlth our Ethos Ststement. but encouragingly have also seen a Steady flow of new people coming into the chureh for various reasons, resulting in 8 baptisms and S new memberships or incoming transfers. Helping People Find Fallh Helping people find faith continues to be the focus for BBC this year, through tho following.. Confident Discipleship- prayer course was well received and attendance at Monday prayer evenings increased a5 we sought the mind of Christ over the shape of ministry and the proposed new ro￿. All the Gifts - growing an incluswe worshipping communty where all our gift5 are in play. One of our members successfvlly applied to SpLFrgeon's College to do a 2-year course leading Io 8 ¢ertificate in Theology. In the coming year, we have pLans to start a Preaching Academy and to offer training to lay members of BBC and Eas￿Ick Road Church {ERCI to conduct fvneral servi Children & Youth - continuing to invest in the discipleship of our children and youth. 85 families from the Icul community participated in our Easter events. The interim youth leader role was extended by 6-months to ensure cover until the new posl COU￿ be filled. 42 young peop￿ went with the youth team lo Satellites festival, of which 27 had no church backgroLTrnd. Confidence in Mi$sion resourcin9 and enabling our folk to tske part In the Chrisys mission, locally, internationally and on their frontlines. 80+ people now come regularly to the Community Space and the Children's Centre continues to bring famllies inio the building, with opp￿￿nitIeS in both areas lo build relationships and offer prayer. International mission ¢onb'nues lo be pursued through key. personal, long-lerm overseas relationships in Russia. Slovenia, Brazil and Lebanon. BBC continues lo Oufv￿rk local missp)n through ecumenical partnerships, including CAP, BYP, Golden Years and Anna Chaplaincy. Page 2 BOOKHAM BAPTIST CHURCH TRUSTEES, ANNUAL REPORT 2024 {continued) Tho IN$t••s' ￿ponsIbIlItI•8 The trustees are r8sponsible for preparing the Trustees, Annual Report and the financial statements in a¢Cordar￿¢ with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Attepted Accounting Practice). The18wapplicable to charities In England and Wales requires that the trustees must not approve the financial statements for each financial year unless they are satisfied that they give a true and fair view of the Stale of affair5 of the ¢harity and of the in¢om8 and expenditur& of the charity for that period. In preparing these financial statements, the trust88s are required to: Sel￿t suitable ￿￿oUntIng policies and then apkly Ihem consislentty. obseNe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed. subject to any material d•parturo$ diS¢k￿￿ and explained in the financial statements., and p￿pare the financial statements on Ihe going concern basis unless il is inappropriate to presume that the ¢harrty wlll continue In business. The trustees are responsible for keeplng proper accounting records that disclose with reasonable accur• at any lime the financial position of the charlty and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They a￿ also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularilies. strU￿￿ra, govèmanco and management The Church is curr8nlty an unincorporated asswiation and is a member of the Baptist Union of Great Britain (Baptist Union} and the South Eastem Baptist A550ciation (SEBAI. In line with BU advice. solicitors, Anthony Collins have been appointed to move the Church lo an Incorporated association which is expected lo complete in 2025. The Church occupies premise5 whith are held by the Baptist Union Corporation Limited. Governing document The trustees and church are govemed by the 'Constitulion" {May 2024) and "Leadership Team handbook. (Juty 20241 and by theTrust Deed dated 24th June 1960. The Leadership Team Handbook replaces thè Working Protocol to rwvide transparency of how thing5 work in pra¢li¢e at Bookham Baptist Church. The Constitution was updated to align to the latest ver5i0n produced by the Baptist Union, which now allows for church meeting participants to join and vote online as well as in person. This is a welcome move particularty for our okler members during the winter months. In accordance with Charity CcThmission guidelines. a sel of policies has been drawn up to cover the followng and are available on the Bookham Baptist Church website.. ata Protecti¢￿ Policy ookne Policy ire Evacuation asloral Care qualty & Diversity ious Incident Reporting onflicts of Interest ata Privacy Policy inancial Controls Policy ealth and Safety odern Slavery Act aking a CompFaint ff Ctxle of Conduct Trustee election and trdining Trustee$ comprise the Ministers (currerfy one and one malemity leave) and the r￿n-minIsterral Trusto8s. Nort- ministerial Trustees are elected in accordance with the Conslilution. The total number of non-ministerial Trustee5 Is set from lime lo time at the Church Members meeting and is currently seven. All Trustees are expected to familiarise themselves wrth the guidance offered by the Charity Commission. Each year all Trustees are required to pass the Charity Commission Trusteè tesL Page 3 BOOKHAM BAPTIST CHURCH TRUSTEES, ANNUAL REPORT 2024 (continued) Key Management Personnol The key management personnel of the charity as listed on page 1 are in charge of directing, controlling, running and operating the charity on a day-to4ay bA$ts. All non-ministefial Trustees give their time freety and none received any remuneration in the year. Details of Trustees, expenses and related party transactions are disckjsed in Note 13 to the financial ststements. The pay of the Minister$ ts reviewed from time to time based on increased responsibilities and ¢ommrtments. changes to the hours worked, changes to the Cost of Ibving and other r8Wantfaclors. Volunteern The great majority of the work of the church relies on Church Members and other volunteers. This extends from sorr preaching lo many areas of administration, from Small group work lo hospitality. from running our many ￿1VIlieS to spirftual leadership. Public beneflt The trustees have complied with their duty to have due regard to guKlance publtshed by the Charity Commisston in resFectof public benefit. The church provides a place ofworship and worship seNi¢es open to all together wrth marriages and funeral rituals. The church further provides premises for communty use, where this meets the purposes of the Charity e.g. a Children's Centre and Community Fridge. It makes charitable grants lo organisations for the disadvantaged and to advance education overseas. Fundralslng pollcy Other than publicly inviting an offering at every servi￿, we do not engage in persistent fvndraising or intNsive fvndraising practices with any of our donors, including vulnerable people. and we never have private or coercNe discussions with individuals about their giving. Our fvndraising practices are ethical and in accordance with Biblul PrI￿1p1es. No complaints were receNed about our fvndraising wactices. Risk managom•nt pollcy Risks related to the church's aclivities are carefully considered and acb'on is taken to mitigate the potential loss or injury. The trustees have developed a comprehensive Set of policies relab'ng io the following areas of the church's aGlivities, covering their risk.. Ministerial, Leadership and General Govemance OperatIc￿S Children. young people and vulneTrble adults Volunteers Finances Overseas Mission The TTUStees have reviewed these areas of risk using the Charity Commission's template for risk assessments wth ards to identifying key risk areas, raling each risk based on its likelihood and impact severity (ratings - minimum 2, maximum 301, oU￿1ning the mttigation and qualfying any residual risk. The Trustees have idents.fied 6 y1￿1PaI risks and uncertainties facing the church wth a gross risk ratiThJ of belween 10 and 20. Their plan and strategies for managing these risks are contained in a risk register which is maintained by the Trustee allc¢aled thi$ responsibility. The risk register is reviewed regulaty by the Truslees and regular reviews ofspecir risks are undertaken at the times specified in the risk register. Flnan¢lal rnvlew The ￿SuIts of the chafity may be found on the StatenRnt of Firwicial Activities. At the year end the church was in a strong position wrth £238,005 of net current assets. Income re￿iVed in the year had i￿￿8$ed by £16,489 compared to Ihe previous year while expenditure had decreased by £38.179. This ￿SUIted in the nel income of £85,236 compared 10 £30.568 in the previous year. Unrestricted funds stocil at £4,526,769 (2023.. £4,435,554) and restricted income fund$ were £25,112 {2023.' £31.091). Page 4 BOOKHAM BAPTIST CHURCH TRUSTEES. ANNUAL REPORT 2024 (continued) Reserves pollcy We aim to maintain free cash reserves equivalent lo 3 months, bth*eted expenditure. unrestr￿ general funds, excluding fixed assets, at 30 September 2024 amounted to £202.997 {2023= £188,457), which represents 4 months budgeted expenditure. Grant-maklng pollcy For many yeais Ihe charity has grven grants to individuals and institutions in a variety of locations where thère is a close connection with the membership. These are reviewed annually by the church meeling. This report has been prepared in accordance with the Charities Acl 2011. the CharitEs Ststement of Recommended Practice (Chanties SORP IFRS 102)) and Financial Reporting Standard 102 {FRS 1021. FOR AND ON BEHALF OF THE TRUSTEES ances Pyatt Chair of Truste•8 19 March 2025 Page 5 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BOOKHAM BAPTIST CHURCH Opinion We have audited the financial statements of Bookham Baptist Churth (the "Charity'l for the year ended 30 September 2024 which corry)ri5e the Statement of Financial Acts'vities, the Balance Sheet, the Stalemenl of Cash Flows and notes lo the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their p￿paration is applicable law and United Kingdom Accounting Stsndards, including Financial Reporting Standard 102.. The Financial Reporting Stsndard applicable in the UK and Republic of IrelarKI (United lfjngdom Generally Accepted Accounting Pr8clicel. In our opinion, the financial statements: give a tru• and fair view of the state of the Charity's affairs as at 30 September 2024 arKI of its incoming resources and application of resourGes for the year then ended., have been properly prepared in a¢cordan¢e wilh United Kingdom Generalty Accepted Accounting Practice., have beèn prepared in accordance with Ihe requirements of the Chanties Act 2011. Ba818 for oplnlon We Conducted our audit in accordance with International Standards on Auditing (UK) IISAS IUKI and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statemènts section ofour report. We are independent ofthe Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in Ihe UK, including the FRC'S Ethical Standard .and the provisions available for small entities and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basL* for our opink)n. Concluslons relaling to going concom In auditing the financial statements, we have ¢on¢luded thal the trustees. use of the going concem basis ol accounting in the preparation of the financial Statements is approprlate. Based on Ihe work we have perfom8d, w8 have not id&ntiffied any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubl on the Charrty's ability lo continue as a going con￿rn for period of at least 12 nK*nths from when the flnancial stslements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem a￿ desuibed in the ielevant sections of thi$ Teport. other Informatlon The other information compiises the information included In the annual report. including the trustees, report, other than the financial statemants and our audilorfs reportthereon. Thetrusiees are responsible for the other information contained within the annual report. Our opIn￿n on the financial ststements does not cover the other inforThtion and, exceptto the extent otherwise explicilty stated in our repor( we do not express any form of a5suran¢e ¢on¢iusion thereon. Our responsibility is lo read the other information and, in doing so. consider whether the other inf0m￿tion is malerialty inconsistent with the financial statements or our knowledge obtained in the course of the audit, or othe￿iSe appears to be materially tTiSStated. If we identify such materkql inconsistencies or apparent material misstatements. we are reqUI￿d to determine whether this gives rise to a material misstatsmenl in the finan¢ial ststements themselves. If, based on the wort we have perfomied. we conclude that there is 8 material misstatement of this other information, we are required to report that facL We have nolhing to report in thL8 waré. Page 6 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BOOKHAM BAPTIST CHURCH (CONTINUED Mattors on whlch we aro required to roport by oXCfrPtion In the light of the knowledge and understsnding of the Charity and its environment obtained in the course of the audit, we have not identnled material misstslements in the trustees. report. We have nothing to report in respect of the following matters in relatlon to which the Charities Act 2011 requires us to report to you if. in our opinion.. adequate and proper a¢¢ounting records have not b8en kept, or retums adequate for our audit have not been r￿1Ved from branches not visited by us; or the finanu81 ststernènts are not In agreen￿t with the accounting records and retums.. or certain disck)sure5 of trustees, remuneration specified by law are not made. or we have not recefved all the infortrration and explanations we require for our audit. R8sponslblli11o$ of th• tni8tee8 As explained more fully in the trustees, responsibilltles statement. the trustees are responsible for the preparation of the financial stslements and for being satisfied that they give a true and fair view. and for such intemal control as they determine is necessary lo enable the preparation of financial ststements that are free from material misstatement, whether due to fraud or error. In preparing the fi'nancial statements, the trustees are responsible for assessing the Charity's ability to conb.nue as a going concern. disclosing, as applicable, matters related lo going concern and using the going concem basis of accounling unless the trustees either intend to liqU￿ate the Chanty orto cease operations, or have no realistic altemats've. but lo do so. Audftor's regponslbllltle8 for the audlt of th8 flnanclal statements We have been appointed as auditor under Sect￿)n 145 and rewrt in accordance wilh the Act and ￿leVant regu181ions made or haviThJ elfect thereunder. Our objectives are to obtsiTr reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's ￿pOrt that Includes our opinion. Reasonable assurance is a high level of assuran￿, bvl is not a guarantee that an audrt conducted in accordance with ISAS (UK} will a￿VayS detect a material misstatement when it exisls. Mlsststements can arise from fraud or error and are considered material if, individualty or in the aggregate. they could reasonabty be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our wocedures are capable of detecting Ir￿ularl¢1es, including fraud is detailed below.. Based on our understanding of the ¢harity, we ￿entr.fIed that the principal risks of non-compliance with laws and regulab.ons related to employment, financial reporting legislation and heatth and safety regulations and we considered the extent to which non-compliance might have a malerial effect on the financial statements. We also considered those laws and regulations that have a direct impact on the Preparation of the financial statemenls such as the Charities Act 2011. We assessed the susceptibilty of the charty's financial ststements to material misstslement, including obtaining an understanding of how fraud might occur, by making enquiries of management considering the intemal Controls In place and dis¢ussKJn amongst the enwement team. We detennined that the principal risks were related to management bias in accounting estimates, presentation of separately disclosed iteN6 and management override of controls. Page 7 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BOOKHAM BAPTIST CHURCH (CONTINUED) Auditorfs responslbilities for the audit of the financial statements (continued) In response lo the risks identified we designed procedures which Included. bul were not limited lo challenging significant accounting eslimales, agreeing financial statement disclosures to undeitying supporting documentation. 1dentifyin9 and lestsng journal entn'es, reviewing Trustees, minutes and evaluating the charity's internal controls. There are inherent limitations in the audit procedures described above. The more removed that laws and regulations are from fi'nancial Iransaclions, the less likely il is that we would become aware of non-compliance. Materi81 misslatemenls that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial slalemenls is located on the Financial Reporting Council's website at". www.fr¢.org.uklaudilorsresponsibililies. This descnptson fomis part of our auditor's report. U8¢ of our report This report is made solely lo the Charity's tnjstees. a5 a body. in a¢¢ordance with Part 4 of the Charities IAccounls and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate lo the Charity's trustee5 those matters we are required lo stale lo them in an auditor's report and for no other purpose. To the fulle51 extent permilled by law, we do not a¢eepl or assume responsibility to anyone other than the charity and the charity's trustees as a body. for our audit work, lor this report, or for the opinions we have formed Xeinadin Audit Limited Slatulory Auditor Chartered Accountsnls 5 Robin Hood Lane Sullon Surrey SM12SW Dale.. 28 ma￿G￿% 2D Xeinadin AudAt Limited is elwible for appoinlmenl as auditor ol the chanty by virtue of its eligibilify lor appointment as auditor ol 8 company under se¢lion 7212 01 the CoMpan￿S AGI 2006. Page 8 t £ BOOKHAM BAPTIST CHURCH BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 Fixed A$6•ts Tangible 4,313,876 4,223,366 Current assets Debtors Short term deposits Cash al bank and in hand 19,754 85,000 227.259 332,013 25,564 80.000 176,024 281,588 Cradhors Amounts falllng due wlthln one year {94,CNJ8) 138,3091 Net curront a8Sots 238,005 4,551,881 243,279 Total assets 18s8 curront IlabHIt 4.466,645 Net ￿ets 10 4.551,881, 4,466.645 R•pr•s•nt•d by Unrestricted fvnds 11 4.526,769 4,435,554 Restricted funds 11 25,112 31.091 4,551,881 4,466,645 Approved by the Truste8s on 19 March 2025 and signed on their behaff by.. Frances Pya Chalr Page 10 BOOKHAM BAPTIST CHURCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Cash provlded by operating activiti￿ (see below) 72,062 41,744 Cash flows from Inve8tlng actlvltlos Interest received Proceeds on sale of tsngible fixed assets Paymen15 to acquire tangible fixed assets Ca8h Iusod inl Investlng a¢tlvllle8 7,698 1,046 (96,0661 2,339 14.607) 187,322) (2,2681 Cash flow8 from flnanclng activities Proceeds from new loans Cash providod by financing adivllks 71.495 71,495 Net cash Infiow 56,235 39,476 Cash and cash equivalents at 1 October 256,024 216.548 Ca8h and cash equlvahnts at 30 Soptsmber 312,259 256,024 Ca8h flows from oporatlng acllvRIo8 Net Sncome Inteiesl rec£ived shown in investing activib.es Depreciation (Gain) on disposal of tangible fixed assets Decreasellincrease) in debtors IDecreaseyincrease in creditors Cash provided by operatlng activiti08 85,236 17.698) 5.556 11.046) 5,810 (15,796) 72,062 30,568 {2,3391 2,892 {8.5151 19,138 41,744 Analysls of changes In not debt At 1 0Gto￿r 2023 Non￿aSh changes At 30 September 2024 C•6h flows Cash Loans falling due within one year 256,024 56,235 312,259 71,495 Totsl 15.260 240,784 Page 11 BOOKHAM BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounllng Pollcles The Church is an unin¢orpoTated assockqti?n and is affiliated to the Baptist Unb)n of Great Britain and Ireland and to the London Baptisl Association. The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. a) Basis of pT¢paratlon The financial slatements have been prepared under the historical cost convèntion with items recogni$ed at st or transaction value unless othevwise stated in the relevant notes to these financial statements. The financial statements have been prepared in accordance with the'charilies Act 2011, the charib.es Statement of Recommended Praclice (Charities SORP IFRS 10211 and Financial Reporting Stsndard 102 IFRS 1021. The Church meets the definilwm of a public benefrt entity under FRS 102. The a¢counts are prepared in pounds sterling rounded to the nearest pound. b} Golng concern At the time ofapproving the financial staterr￿nts. the Trustees have a reasonable expectstion that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Twstees continue lo adopt the going concern basis of xcounting in preparing the financial ststements. c) Fund Accounting The funds held by the Church are erther. Unrestricted general furKls - these are funds which can be used in accordance with thè Church's objects at the dis¢relion of the Tnjstees. Designated funds- these are fvnds sel aside by the Trustees out of unrestricted general hjnds for specific future purposes or projects. Restricted funds- these are funds Ihal can only be used for particular restricted purposes within the objects of the Church. Rest￿tionS arise when specified by the donor or when funds are raised foT particular restricted purposes. dl Income Donations and other income (including legacies) are included in the Slalement of Financial Activities ISOFAI when the charity has entitlement to the inccffle, it is probable the income will be received and the amount of income receivable can be reliably measured. el Freehold Property and Depreciation Freehold propety is included at cost. Residential freehold propety was restated to fair value on transrtion to FRS102. and this value is treated as deemed cost going forward. Freehold land is not depreciated. The Trustees adopt a policy of maintaining the Church Premises and ￿sidential buildings to a high standard which prolongs their useful lives and enhances their residual values and a¢¢ordingly the Trustees consider any depreciation arising or accumulated depreciation to date to be insignifiunt and immaterial. The Church Premise5 were previously d&pre¢iated at the rate of 2Vr* of cost strafrjht line per annum until 2023. Plant and Equipm•nt Depreciab'on has historically been ¢al¢ulated to write off the cost less estimated residual value of all plant and equipment over the following periods.. IT equipment All other plant & equipment over 4 years over 5 years Page 12 BOOKHAM BAPTIST CHURCH NOTES TO THE FINANCIAL sTATEmE￿s FOR THE YEAR ENDED 30 SEPTEMBER 2024 {¢ontinued) Accountlng Policlos (continuod)- gl Taxallon The Church is not liable for tax on its charitable activibes. h) Opfrratlng Leases Rentals applicab￿ to operating leases, where substantially all of Ihe benefits and risk of ownership remain véith the lessor, are charged against ￿CeIpts as incurred. Ponsions The church pays contrfbutions to the Baptist Ministers Pension Tnjst Limited which is a defined benefrts Scheme. The Church also contributes to a Stakeholder Schen￿ for rts staff. Contributions were paKI in the period in which they were du8. Deficrency payments are also made into the earlier Baptist Minislers Defined Ben8fits Pension Scheme. Grants Paid Grants and donations are accounted for when paid over, or when awarded. rf that award creates a binding obligati)n on the church. kl Expendlture ASI expenditure is accrued a5 soon as a li?bility is considered probable, dlscounted to present value for longer term liabilities and has been classified under headings that aggregate all Costs related to the category. Charitabfe expenditure Compri￿ those ¢o$ts incurred by the charity in the dellvery of its activities a￿j servtss ft>r its beneficiaries. It includes bolh ¢osls that can be albxated directly to such a¢tNlties and those costs of an indirect nature necessary to support them. Governance costs are those costs asswiated with mee*"ng the constitutional and ststutory requirements of the charity and include accountants, fees and costs linked to the strategic managenEnl of the charity. These have been allocated direclty lo charitsble expenditure. Funds UnrestriGtsd The GENERAL FUND balance ¢onsists of the net incomiro or outgoing resour￿S accumulated since the church's foundation. The balance at any one time is available tr) fvnd the actwities of the church and carries no restrictThs. The HARDSHIP FUND consists of money gNen as donations to the Community Fridge. The trustees have sel these aspje to make discretionary payments to those in ￿d. The PREMISES FUND carries a balance set aside from the General Fund to meet the anticipated repair and mainl8nance costs of the church premises and also the manses. Such ¢osls are charged to the fund in the year they arise. The designabl MISSION FUND is allocated exh year a share of the unspecrfied general giving recelved by the church, and grants are made accordingty. Specific gifts are de8tt with through the restricted MISSION FUND. BUILDING FUND represents Ihe carrying value of the Church Premsses. The MANSE FUND rep￿sents the carrying value of the Church Manse. The SECOND MANSE FUND represents Ihe carying value of the Second Manse. The AUDIO VISUAL FUND ￿presents the sale of audio equipment to fund the purchase of a new drum kit. Restricted The CAP FUND represenls the total of donations and gifts received. less expenses incurred, by the Mole Valley Branch of Christians Against Poverty, a registered charity. Bookham Baptist Church is the lead church operating the branch, which is nol estsblished as a separate legal entity, and is therefore deemed to be under the of the Trustees as a restricted fund. The fund administered separately from Christians Against Poverty. Page 13 BOOKHAM BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (Continued) Accounting Poli¢io9 l¢ontlnuedl: Funds Icontlnued Restricted (continued) The OTHER FUND represents grants or gifts given by members and ¢)thers for specific work or the purchase of specific items within the church activit￿ts. Detailed records of the activities of any individual fund reported under this category are maintained by the church Trustees. m) D•btors Grants receivable and other debtors are irscluded.at the settlement amount due. Prepayments are valued at the amount prepaid. Short-tomi doposlts Short-lerm deposits Include cash and short term highly liquid investments with a maturity of between three and vèlve months from the date of the opening of the dep￿1. Cash at bank and In hand Cash at bank and in hand includes eash and short tem hhjhly liquld inveslments with a short maturity of thr months or less from the date of the opening of the deposlt. p) Credltorn and pwovision8 Creditors and provisions a￿ recognised where th'e char￿Y has a present obllgatlon arlslng from a past evenl that will probably result in the transfer of funds to a third party and the amount due lo settle the obligation can be measured or eslimated ￿lIablY. Creditors are recognised at their settlement amount. Provisions have been calculated at the best estimate of the settlement amount and then discounled back lo present value at the reporting date. q) Flnantlal Instruments The charity onty has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al tran5aclion value and subsequently measured al their settlement value. 2 INCOME FROM: Unrestricted Fund8 Restricted Funds TOTAL FUNDS 2024 2023 2a Donatlon8 and legacles Don8tions and Gifts Planned giving.. Gift Aid Income tax re¢overable on Gift Aid Other giving 185,404 55,001 238,276 478,681 185.404 55,001 264,783 505.188 178,972 54.128 268.313 501.413 26,507 26.507 2b Inveslments Bank interest 7.698 7,698 2,339 2¢ Charitsbl• ¥¢tivltl•s Playgroup income Other events and activities 86,152 8,847 94,999 86,152 8.400 17,247 8.400 103,399 100,520 9,232 109,752 2d Other 80urce8 Rent Administrative income 37,443 3,900 41,343 37,443 3,900 41.343 17,239 10,396 27,635 TOTAL INCOME 622,721 34,907 657.628 641.139 Page 14 BOOKHAM BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued} 3 EXPENDITURE ON: Unre8tr1cted Funds Restrictsd Funds TOTAL FUNDS 2024 2023 Charitable activities Grants made in furtherance of the Church's objectNes Home and overseas missron 84.711 941 8.915 9,856 85,652 8,915 94,567 93,983 8,795 102,778 CAP 84,711 Ministry costs Stsff costs Child￿n and youth work Other ministy costs Playgroup costs incl.salaries 256,493 14,238 14.158 68,674 353,563 19,809 10,175 276,302 24.413 14.158 68,674 383,547 275,436 25,398 11,829 96.366 409.029 29,984 Church and manse expenses Church Nnning ¢osls Manse njnning costs Repairs lo premises Off￿e expènses Governance costs.. Audit fees Governance costs". Accountsncy Other resou￿$ Depreciab'on 15,Ce8 21.573 19,048 6,492 7,238 2,262 17,035 5,556 94,272 15,068 21,573 19,048 6,492 7,238 2.262 17.041 .15,996 19.284 26,621 6,378 6,036 3.480 18.077 2,892 98,764 94,278 TOTAL EXPEN0￿uRE 532W6 572,392 610,S71 STAFF COSTS 2024 2023 Salaries and stipends Employerfs National Insuran￿ costs Pension costs- defined contribution schemes Recovery contributions for former defined benefit pension scheme 'Renf In Ileu of nBnse provision Other costs CAP staff cost 184,698 13,883 14,751 184.087 12,752 18,632 12 38,919 4,426 19,613 276.302 63,985 12 38,123 3,327 18,503 275.436 88.298 Playgr¢)up salaries Chiklren's Centre staff cosis 350.196 371.949 The average number of employees during the year was 1712023.. 191. Of this average, approximately 3 were in the Ministry Team, 6 in the Playgroup. 2 in CAP work and 6 in Office or Premises work. Excluding the Playgroup. there were approximately 8 whole time equivalents (2023.. 8)- There were no employees with emoluments above £60,000 (2023.. none). Stsff costs include £2,646 of lerminats'on benefits12023.' £17,696). which are recognised when legal agreement is reached. Page 15 BOOKHAM BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 {continued> GRANTS Grants are disclosed in the anaiysis of the Mission Fund (note 6}. Included in these figuros were grants totalling £25,00012023'. £29.5001 made to 3 individual$12023'. 4) and £60.65212023'. £64,483) made to 12 organisations {2023'. 15). Donatlons to Support Actfvllles by Others 2024 D8signatod 2024 R&stiided 2024 Total 2023 Total Local Oasis B@lilude Leatherhead Youth Project Anna Chaplaincy - Meetsng Place 92 750 10.500 2.000 650 10,321 1.000 650 10,321 1,000 Nallonal & Overs•as Baptist Missionary Society South East Baptist AssocHtion Cell UK Iithrtmans Tear Fund- General Open Dcors Aprender Slovenia - Cazars & Zoldos CMS Brazil- D&S Brito Medeiros Brazil trip Send a Cow Lebanon - ABTS Lebanon Mission- Life Centre ChLtrch Nepal- Becky Slade Emerging OpportLtnities 1,800 8,500 1,800 8,500 2,000 9,500 300 10,000 2.000 2,000 12,000 6.000 9,000 511 1,596 9.000 6,000 4,500 6.234 10,000 1,800 1,800 12,000 6,000 9,000 10,000 1,800 1,800 12,0(Xl 6,000 9.000 941 6.000 14.693 6,000 14,693 1,147 1,147 Tolal •xp•ndtture 84.711 93,983 The acbvities supported in the above giving ¢an be calegorised as follows.. 71Y spreading the Christian message 14% improving education amongst poor worldwhde 15/ supporting social jusb.ce Page 16 BOOKHAM BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 {continued> TANGIBLE FIXED ASSErs Tanglble fixed assets- for use by the Church FlxtUf•8 & Equlpm•nt Church 1 Nglson Cottagos Chur¢h prnml808 TOTAL manse Cost or valuation At 1 October 2023 Additions DisF