SPALDING BAPTIST CHURCH CHARITY COMMISSION RECISTF.RF.t) NO. 1130326 STATEMENT OF ACCOUNTS for the vegr ended 31ST DF.CF_MBF_R 2024
SPALDIIYG BAPTIST CHURCH CHARITY I)FORMATION AS AT 31ST DECEMBER 2024 Registered Address Swan Street Spalding Lincs. PEII IBT Trusiees Rev'd Karen Smille). Ichair) DiaJ)e Cla). (CIILifLlI Se¢r¢tary) Marian Boxall (Treasurer) John Chester Gordon Goodin8 Carol Grief Mark Rogers Gordoi) Greeii Kevin Granville Ricki Keiidall Page: I
SP.4LDING BAPTIST CHURCH TRLISTEES REPORT FOR THE YEAR ENDED 31ST DECEIVIBER 2024 Governance and Management The charit}.' i¥as esiablished b> Declaration of TrusL and is 8]Stered with the Charity ComtlliS5ion. Numb¢r 1130326. Charity Trustees are appointed by the Members Ot an Ordinary Church Members Meetiiig for a tliree-year term. All Members of the age of 21 or oi'er and ii,ho meet the necessary. reqiiirements are eligible io be iioiiiiiiated for election by th¢ ¢huwli M¢mb¢rs. A ilose family member of a serving Triislee is Ilot eligible for appoiiitinent. Objectives and Activitie5 The objective5 ofthe Charity. ar¢ th¢ advancemeni of the Chrisiian Faith ac¢ordin8 to tl)e principles of Ili¢ Baptist denomination. Th¢ Trusl¢¢s Consider that the objectives and activities of the Charity are in accordan¢¢ with th¢ Cl)arity Commission's general uidanCe on public benefit. A¢tivities #nd Achievements Th¢ regular aciiviiies of Spaldin8 Baptisi Church hav¢ continued and grown throusliout 2024, iiicludii) Suiiday worship. prayer. Bible study, home group& preaching and leaching. mission and ¢nmmuiiily outreach. Our cliildreii s work has continued to flourish. taking Open the Book and asseinblies ii)tO six local primary schools, as well as nurturing our church children and Joun8 people witl) Sunday aeiivities. Inid-week groups, Boys and Girls Brigades and a very su¢¢essful Youth Camp. We are proud of our two Inaiii outreacli projects into the local community. with the in¢r¢ase in numbers to our weekly Warm Welcome commllllity café and also OLir Baby Esseniials proje¢i. providingi beauliful baskets of iteins for iiew babies, for those iii ne¢d. relerred by midwives 8nd health visiiors. We have also offered weekly seated exercise ¢lass¢s diiring tli¢ y¢ar. wl)iih ar¢ w¢ll alt¢1)d. We have made many improvemenis in 2024 10 make our church more accessible so thai anyoiie cali be part of our cl)Iir¢li famil),. iiot just becau5¢ thc law requires it. We have worked on makiiig sinall. siinpl¢ cliai)gL5 Io improve access for all and to make our building more inviting and Comfortable. We are coi)tinuing lo break dowii the barriers for people h0 w8ni to worship wilh us. and be pan of our fftmily, tts well as for thosc groups who wish io hire our building. As always, there are 50 Inan). people who are and have been involved in so many different aspects of church life here at Spalding Baptist Church. wiihoul 11.hom our church ivould not contiiiue to survive or thrive. The principal flinding SOLirces are from giving bl. th¢ members and friends of the el)urcli. togetlier witl) income froin investinents and rental property- As our Leadersliip Team will consider ihe church s vision for tlie fulure. througyhout 2025, and our Sunday worsl)ip iyill concenlrate on discipleship for several months. we ailticipale exciiing? developmeiits in the coming ycar, as ive continuc to scck wa)'s of serving our Lord. not only in church bul in our lo¢al coininunity. Risk Management The trustees have reviewed the major risks faced b). the Charity and have concluded thai the systems iii plar¢ are sufficient to mitigate their effect. The risks and systems are reviewed and updated on a regular basis. Page.. 2
P.4LDIYG BAPTIST CHURCH TRUSTEES RF.PORT Continued FOR THF. YF.AR F.NI DF.D 31ST DF.CF.MBER 2024 Re$erve$ Policy UiireslriLled general reserves are held at a level deemed by ihe Trustees to be sufficient to cover thè annual opcrational costs. Si¥ii¢d on behalf of ihe Truslecs= Mrs Dclay Ll)ur¢h S¢¢retary Dated.. Page.. 3
IINDEPENDENT EXAMINER'S REPORT TO THE TRLSTEES OF THE SPALDING BAvfisT CHURCH I report to ihe charity trustees on my exatnination of the accounts of ihe Charity for the year ended 31 st December 2024. hICh are set oui on pages S to l O. Responsibilities and basis of the report As th¢ Cliarity's TrLlStees >'ou are responsible for the preparation of the accounts in accordaiice wilh the r¢quiremenis of the Charilies Act 2011 ('the Act,). I report iii respect of iiiy ¢xaii)iiiaiioii (>f ihe Lliaril! 5 aLLuuiils Larried oul under section 145 of (lie Act 21)d in carrying out my examination I have folloiyed all Ilie applicable direciions gii'¢n by die Charity Coinmissioii undcr sC¢tion 145 (5)(b} of the Act. Independent examiner's statement I hive Completed my examination. I confirm that no maierial matters have come to my arteiilioii in conneciion wilh ihe examination giving me cause TO believe thai in any material respeet.. l ) ac¢oLinting records were noi kepi in respect of the charity as reqLbired by section 130 of tlie Act; or 2) the account5 do not accord with those records: or 3) Ihc accounis do noi compl>, with the applicablc rcquiremcnis con¢¢rning the fom) and cont¢nts of Ilie accounts set out in the Charities (Ac¢ounis and Reports) Regulations ?008 oiher il)ni) lli)y requircments that tl)e accoiinis give a true aiid fair view whicl) is not 8 1114tter coiisidered as part of ali ii)dep¥iid¢nt exainination. I have no concerns and have come across no other matt¢r5 in connection witl) tlle examinalion lo wliich attention shoLild be drawn in this report in order to enable a proper ui)derstaiiding oil the accounts to be reached. Melvyn Pri¢e Independent Examiner Dated.. Page '. 4
SPALDING BAPTIST CHURCH STATEMENT OF FITrIANCIAL ACTIVITIES FOR THE YEAR E.N'DED 31ST DF.CEMBER 2024 2024 Restricted Endom'ment FuDds Funds 2023 General Funds Iyote Total Total INCOME.. Givii)b Giving - tax refLinds Donatioi)s &iid other iiicomc Reiital income Investment income 67.070 9.009 67,070 9.009 75.681 10.742 14.116 9.801 2,020 4.164 18.280 9,801 2,078 5.676 357 58 TOTAL INCOME 102,016 4.164 58 106,238 108.607 EXPENDITURE: Dondtioiis to external missions Min istry and Oiitreach Paid ei))ployees iiilding cosis Administratioii 10.316 10.067 53.021 19.213 8.828 1.465 2.269 11.781 12.336 53,021 19.?13 8.828 14.100 13,373 50.250 62.085 8.733 TOTAL EXPENDITURE 101.445 3.734 105,179 148,541 GAINS/ILOSSES) ON INVESTMENTS UiirLulised 68 68 NET INCOMF. (EXPENDITtiRE) 571 430 126 1,127 (39,822) TRANSFF.RS BF.TWEF.N FUNDS NF.T MOVEMENT IN FUNDS 571 430 126 (39,822) FUND BALANCES BROUGHT FORWARD: I sl Janiiary 2024 3.636.005 1.068 2.464 3.639.537 3.679,359 FUND BALANCES CARRIED FORWARD: 31 st December j024 3.636.576 1.498 2.590 3.640,664 3.639.537 The nole5 onpages 7 10 Ioformpari ofihese o¢counl.$ Page .' 5
SPALDING BAPTIST CHURCH STATEMEP4T OF ASSETS ANI D LIAiIILITIES AT 31ST DECEMBER 2024 2024 2023 .Nole Tungible fixed assets Investment assels 3.550.961 3.550.961 2,726 3.553.255 3,553,187 CURRENT ASSETS Debinrs Cash ai bank and in hand 10 15.155 73.391 88.546 14,657 72.987 87.644 CURRENT LIABILITIES Cr¢dilors 12 1.137 1,294 NET CURRENT AS.SETS 87.409 86.350 3.640.664 3.639.537 FIINDS Unrcstrictcd fundj Geiieral tunds 3.636.576 3,636.005 Reytricte(I funds Endowmeni funds 1.498 2.590 3.640.664 1.068 2.464 3.639,537 The financial stalemenis on pages 4 to 9 were approved by the Trustees on 19th March 2025 and signed on their behalf by.. Mrs D Clay Churcli Sccrctary Mr5 M Buxall Treasurer The noie.s onpage.f O 10 gfornipari ofihe.¥¥ accouiii.I Page.. 6
SPALDING BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Aecountin Policies The principal accounting policies adopied in the preparation of th¢ financial statements are sel out below. la) BASIS of preparation of financial statements. The financial siaieinenis have been prepared in accordance with applicable United Kin&?dom Accounting Siaiidards. Thej hai'e also been prepared in accordance willi tlie Statement of Recotnmeiided Prdclice. 'Accounting and Reporting by Charities. published iii 2015. The a¢¢ruals basis of accounting has be¢n applied. (b) Fixed Assets Freehold properties haye been included in the accounts at iheir insured values. being tl)e values adopted in th¢ a¢¢ounts as ai 31 December 2018. Routine additions and repla¢emeiits io fixtures and equipment are Ircal¢d as renewals and are char¥¢d io curreiit expendiiure. (c) Funds Endowmeni flinds are funds wliere ihe capiial musi be mainlained. and 01)ly ihe inLom¢ arisiiig may be used as either resiricied or unresirictcd depending upon rhe purpose of the eiidowmei)t. Desibinaied Funds are funds designaled for a panicular purpose, bul they retain the character of IinrL'siriLIL'd funds and the church is at libeny io apply ihem for geiicral purposes Restricted FLlI)ds cannot be used for general purposes as the funds have bccn given ll restrictcd Use by the donors. Unrestricted fuiids are available for use at ilie discretion of the Truslees in further&ncL of ihe general obj¢¢tivcs of ihc Cl)arir)'. (d) Income Income, offerings and donations arc r¢cognised when received. Tax refund5 are recogiiised when the amounts are cl8imable. Legacies are recognised ivhen the church is legally enlitled to the Aiiiounts due. Inv¢slm¢nt and other income is recogjnised wlien il is received. le) Resoiirces expended Amounts received specifically for missions are dealt wilh in the restricted funds arkd tli¢ li8bility for paymeni is recognised when the amounts are received. All other expenditure 15 8enerally recognised wlien it is iiicurred. Pag¢:7
SPALDING BAwfisT CHURCH STATE.MENT OF ACCOUNTS FOR THE YEAR EIYULD 315.1. DECEMBER 2024 Donations and Other Income 2024 2023 Donaiions Wartn Welcome donaiions and grants Other income Children. Family and Youih work M issioiiary donations Siitton Si James TrLISI Watson's Charity in¢oin¢ 1,105 1,272 7.854 5.091 1,487 851 620 1.571 1,000 9.520 2.601 844 615 1¥.)80 Donalions to external missions 2024 2023 A PAymenis to Home Missions.. BU Home Mission The Eiernal Wall of Prayer 3.600 3.767 4.720 3.767 B Payments lo World Missiot)s: BMS World Mi8%ion The Lepros). Mission Mission Africa Tear Fiind Mission Aviation F¢llowship Others 3.356 1,120 3.767 1.255 1,255 765 1,255 2.036 324 1.120 7.061 Total donations lo external missions 14,100 4. Mini 'an tr 2024 2023 Children. youth and families work Youth workers expenses Babj Essentials Sunday resources Adiili Mission Pastoral and Minist¢rial ¢xp¢n5es B¢nevolenl *ork Travelling expen5e5 Donation- CAP Hospitality Fellowship and discipleship Book Stall BU Affiliaiion fees 4,602 7.373 807 770 1.717 66 937 695 360 809 325 758 490 985 435 994 1,105 360 560 541 13.773 Page '. 8
SPALDING BApfisT CHURCH STATEMENT OF ACCOUNTS FOR THE YEAR EPIDED 31ST DECEMBER 2024 5. Paid em lovees 2023 Mitiister's Siipend Minisier's pension cosls Youth workefs wages Youth ivorkels p¢nsion costs BU Pensioii deficit 28,600 3.621 19.800 990 10 26.062 4.685 18.585 906 12 53.021 50.250 2024 2023 Lighiin8 and healing Insurances Water raies Council TAX RepAirs And mointen8nce'. ChLirch Manse Cl)ap¢l Lan¢ 5,057 3.831 826 1.876 6,?97 3.465 1.640 2.338 7.007 315 301 38.058 2,239 8.048 19.213 Admini$trlltton 2024 2023 Conferences and courses Priilting and stlltion¢r)" Telephone. compiiler and website Copyright and music licences etc Reiital prop¢rty mana8ement Pay'roll rVICe fees Sundry expenses 853 1.444 3.550 1.108 1.089 2.711 787 714 504 1.420 1,089 598 103 8.828 8,333 Page:9
SPALDING BAPTIST CHURCH STATEMENT OF ACCOUNTS 31ST DECE.MBER 2024 8. Fixed assets 2024 2023 Church premises Church Manse Flouse, 19 Chapel Lane 3,154,705 247.695 148.561 3,154,705 247.695 148.561 3,550.961 3.550.961 Investment assets 2024 2023 Charity Fixed Inleresl Fund 2.294 2.226 2,294 2,226 10. Debtors 2024 2023 Incom¢ ta¥ r¢paym¢nts Oil)er debtors and prepaymenls 8.750 6.405 10.500 4,157 15.155 14.657 11. C4sh at bankand in hAnd 2024 2023 Lloyds Bank accounts HSBC Bai)k aLcountS coir Charities Dep)sil Fund Cash in hand 6.811 25,077 41.451 52 6,188 27,224 39,431 144 73.391 72.987 l2. Creditor¥ due M'ithin one Year 2024 2023 Other creditors 1.294 1.137 1.294 Page-. 10