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