HAYWARDS HEATH BAPTIST CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY REGISTRATION No: 1131365 Page I
HAYWARDS HEATH BAPTIST CHURCH CONTENTS Page 3 Legal and admlnistrative information Pag8 4 Raport of the Irustees Page 9 Indep8nd8nt 8xaminer's report on the accounts Page 10 ststement of financial activities Page11 Balanc8 sheet Pages 12 to 23 Noles lo Ihe fancIal statemen18 Page 2
HAMARDS HEATH BAPTIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATION START OF THE FINANCIAL YEAR 1 January 2024 END OF TrIE FINANCIAL YEAR 31 December 2024 CUSTODIAN TRUSTEE Thé Bapiist Union Corporatlon Llmitad CUSTODIAN TRUSTEE ADDRESS PO Box 44 129, Broadway, Did¢ot Oxfordshlra OX118F4T CHURCH LEADERSHIP: MINISTER Dan Tyler {Appointed 1 st June 2024) J Batchelor R 8iarstek8r (Raslgnad 14th January 2025) F Mclachlan J Parratt (Treagurar) D Ruddock (Secielary) D Thomas A Thompson D Kirby (Appointed 22nd May 2024 OTHEA TAUSTEES AEGISTERED CHARITY Registratlon numbar 1131365 PURPOSE The Ghurch exists io advance Ihe Christian faith according to the prinGiple8 of the 8apti3t denominatlon and to Se8 the local communty through its work and V•rylness. It may also advanc8 education and carry out olh8r charltable purposes in the UK and other parts of the worfd. ADDRESS Sussex Road HaardS Heath West Sussex RH16 4DZ PRIMARY BANKER CAF Bank pl¢ 25 Kings Hill Avenue W8St Malling Kent, ME19 4JQ INDEPENDENT EXAMINER Independent Examiners Ltd Unlt 2, The Broadbildge Business Cenlre Delling Lan8 Bosham, P018 8NF Page 3
HAYWARDS HEATH BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Th8 Trust8es presant their report and the audlted financlal slat8menls ol thé charity for the year ended 31 D8C8mber 2024. The trustees have adopted the provisions ol the Flecommended Practice (SORP) "Accounting and Reporting by Charities" (FI4S 102) in preparing Statement of the annual report and financlal statements of the charlty. The fi'nancial statements have be8n prepared in accordance with the accounting pollci8s set out in notes to the accounts and comply with th8 charity's governing document, th@ Charit188 Act 2011 and Accounting and Reporting by Chariti8s'. Statement of Recommended Practice applicabl8 to charities preparing their accounts in accordanca wlth the Financial Reporting Standard applicable in the UK and Republic ot Ireland publlshèd on 16 July 2014 (as amended by Update Bulletln 1 published on 2 February 2016). Obje¢tlve8 and acllvltl•• for the public beneflt The principal purpose of Ihe church is the advancement of Ihe Christlan faith according to Iha principles of the Baptist denomination, The church may also advanc8 education and carry out other charitable purposes in the United Kingdom andlor oth8r parts of tha world. In fulfilling its purpose. the church will engage in a range of activltles. elther on Its own or wilh other8, Ihal ryll vary from time to time, with activilies being initialed, expanded or closed, as appropriate. These activiti8s may include bul are not reslrlcled to: regular public worship. prayer, bible study, pr8achlng and leathing,. baptism, as defined in the Baptisl Union's declarallon of principle., - the comrnunlon ol the Lord's supper on a regular basis., evangelism and rnission, locally, regionally, nationally and inleinationally; - th8 teaching, encouragement, W8lcome and inclu81on of young people: nurture and growlh ol Chrislian di5ciples,' educatlon and trainlng lor Christian and communty seNice: giving and encouraglng pastoral cara; supporting and encouraging charitable 80clal action in the United Kingdom and abroad: - encoura9ing relalionshlps wilh and supporting baptists and other Christs'ans. The charty acknowledges ils requlrements to d8monslrat8 cl8arly that it musl have chaiitable puiposes or 'aims' that are for the public b8neflt. Details of how tha charlly ha3 achieved this are provided in tha review of actlvities below. The TnJste8s conflrm that they have paid due regard to the Charity Commlgsion guidance on public ben8fit before dacidlng what aclivities Ihe charlty should undertake. {continuedl Page 4
HAYWARDS HEATH BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) Revlew of a¢tivitie8 in 2024 In 2024, the church text of the year was from Psalm 46.10 "Be still, and know that l am God" This verse was significant for the church family during a year that started with a ministerial vacancy and inspired P8riod ot teaching on tTU8ting God through times of uncertainty. This year the church has seen steady growth as God draws people to Himself and Inlo a vmrshipping community. AS in recent years, rarely has ther8 been a week where we hav& not seen a new face on our Sunday morning. Our popular monthly Café church conlinues to draw all ages together with a mlxture of craaliva worship and storytelling. together th a shared breakfast and time for lellowship. The church supports several community partnerships. Every Tuesday evening the church 18 used aB a venuo for 'Tha Feasl,, an initiative run by another local church to provide friendship and meals to vulnerable people. The Baby Drop-ln group provide8 a facility for parents to waight Iheir babies and to provide community support, Every Thursday the church opens ils doors with a community café called Hope Café. Hope Café provides tea, coffee and cake on a voluntary donation basis. and provides space for participation. The café is rogistered as a 'Places of Welcome,, a Church Urban Fund initiative. This year a newly formed Art Club has started to meet at Hope Calé each week and once a month on Saturday, providing a space for creativlty and relallonshlp lIdIng. A8 a community of followers of Jesus, we are dedicaled to outreach and a holistic mi88ion in reaching the lost for Jesus. We have run two Alpha courses over Ihe year for people to explore the excitement, ¢halleng8 and loy ol following Christ. Our Children and Famllles Worker contlnues lo be inslrumental In developlng our work wllh famllles In the local area. Over the year we have held Famlly Fun on Mondays In the summer holldays and a klds Llght Paty in October. There are dedicated small groups for members of our community. A men's group offers activilies such as men's br8akfast, target shootlng, walks and curry nights. Our YKJmen's group held a Qu18t Day on "Nourlsh the Soul" in Easter, an Advent dlscusslon group and soclals such as a chln888 m8al. Our mid-w8ak fellowship groups provlde a space for disclplashlp wllh blble-study. pray81 and pasloial caye along 1th time for fellowship and socials. Ignlte is a group for Racapiion to Year 6 Ihat meets on a Tuesday aftor school during term time. Fortify19 8 youth group for studenls in school year8 7 - 13 that meets every Friday for clubnlghls and outlngs. on Sunday evenlng for a blble sludy, and in Ihe summer attended the Newday youth festlval In Norfolk showground. (contlnu8d) Page 5
HAYWARDS HEATH BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 {contlnued) R•vlew ol acllvlti•8 in 2024 (continued) Options Is a group tor our older friends (over 55s) and church members. They have a varied programma, with speakers, quizzes. muslcal afternoons, chalr aerobics sel to music, and mor8. They always have lea and homemade cakes and a splfltual thought for th8 Week, We conlinue to support eld8rly memb8rs of th8 communty, to share God's love and comfort with those al Ihe end of Ihelr earthly ioumey and provided continuing care to the bereaved. The Church was pras8nt at Hay¥vards Healh Town Day, engaging In many conversatlons with peopl& keen lo explore faith and connecl with a local community. There have baen two nawcomer lunches to welcome those who have recently joined our communlty. Ove the summer wa held a summer program V4ith beach trips, walk and BBQ. In the ALrtumn we hosted invltation events by VC8 about their work with Prayerline, Tough Talk charity presented an inspirational gospel me88ag8, and November tha vKxnèn'8 group hosted a vffeath making workshop. Over Ihe year we have supported BMS Ilnk workars in Chad. We conlinua to support Cathy Hine, a mission Wrker in North Africa linked to InterseNe who joinad use for a Har(esl mission supper in the Autumn. The church supports Amigos In a lour-year partnership to support their woik in Uganda that provides practlcal and holistic life skills for communlties lo thrive. In the run up to Chrlstmas we SUPPOrted the work ol Link for Hope with their shoebox appeal for Eastern Europ8. The church family continues to responsa to èmergency appeals for humanilarian relief. Our Harvesl appeal this yaar raised £729 for BMS work in Banglad85h. along wilh donatlons towawds Haywards Haath Food Bank, (conlinued) Page 8
HAYWARDS HEATH BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) Mlnl8try In 2024, th8 church was pleased lo call Dan Tyler and his family to minister at HHBC. Dan has over 14 years, experience as a pastor and we are conlident in God's leading our church family to call him in to a new season for the church. In the summ8r 012024, it was Mth d88p gratitud8 Ihat we thanked R8v. Susan Stevenson for her fallhfully S8rvlc8 to HHBC as mod8rator during our pastoral vacancy. As a retired minist8T, former Regional Minister and current moderaioi to thè national Ministerial Recognition Committee, she brought a wealth of experience to the ¢hurch family arKI to ministerial S&ar¢h team. Sharing the good news ol Ihe gospel has been our focus with many gifted mambers of the church continuing and developing their own ministries. Most of the congregation meet in person, though we continue to have a small number joining via Zoom on a Sunday mornlng who are unable to attend In p8rson. W8 have r8gul8r opportunilies to m88t for pray8r in-p8rson and on Zoom. and this year we r8. &stablished a monthly church family prayar meeting. W8 were dalighted to have four baptl8ms in 2024. We continue to be supported by the work of a part time Children and Families Worker who leads and continu8S to develop our work with local families. Our part time Church Administrator supports th8 leadership and voluntaars thioughoul the year and has baen a walcoming presenca for vlsitors from tha local community. Governance The church 1$ govarnÉd by its constitution. The minister and deacons are the church truslees providing spiritual leadership, pastoral oversighl and the administration of the Ghurch. All truslees are elected by the church meeting, requiring a minlmum vole of thirds of the m8mb8r8 Voting, to secure eleclion. Deacons are eligib18 to serv8 two three-y8ar 18rms, lollowed by a vacant year when they ara not ellglbla for alaction. The twstees meet Iwice each month, once specifically for prayer and once to conduct the busin8ss of the church. A typical business meeting agenda covers pastoral matters, ministry, finance, child and vuln8rable adult protOCtion. health and safety, premises and administrats've issuas. No remuneratlon Is pald to Trustees for thelr role as Truslees, Durfng ihe perlod of mlnislerial vacancy th8r8 was no pald stipend. (continued) Page 7
HAYWARDS HEATH BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 (conlinued) Finanelal Revlew Th8 trustees maintaln a register of linancial and operatlonal risks that ar8 regularly revi8W8d to manage risks that the church is exposed to. The Trust8es consider that the major risk facing the ohurch is lailure to reach new generation. They have recogni8ed Ihat th8S8 n8e(ts contlnued focus, plannlng and outreach to mlligate the polentlal Impact. Total income for Iha year was £266,890 (2023- £522,806). The church was also fortunate to receive donations this year of £243,75912023'. £183.709). Total expenditure for the year was £203,681 12023: £141.(K14). Tolal lunds at the balanc8 sh88t date were £2,370,31912023.. £2,307,110). The Building Funds brought fOard Reslricted value has been reclassified from R8Strict8d to Unrestricted Building Fund and the building has been purchased and paid off in full within this financi81 year, this movément is now shown in the balance sheet not8 4 & 9 and accurately reflects the bulldlngs belong io the charity. The Church building wlll contlnue to ba used for fulfilling Its charitable purpose. Wlthln unréslricted funds were £2.307,828 tied up In tangibl8 fixed assels leaving £62,490 of free reserves. The truslees consider Ihe charlty to be a viable going concern. Total Income dropped compared to 2023 due to the Sale of 14 Pinewood Way In 2023. EXCdIng thi8. the Church saw donations for the year Incraased by £80,050 malnly contributable to a gift day held In March 2024 to pay off the manse morlgage. Expendlture rosa in 2024 With the church retuming to 3 paid staff wlth Iha appolntm8nt of our laad minister mid-way through the year, In January 2024, the purchase of a manse 60 Bruce Close was completed. The new manse is in an Ideal location, has good slze and law)ut, and has ample parking. The purchase was financed uslng proceeds from the sale of the prevlous manse, together with excess cash reserves that had accrued during the ministerial vacancy. and a £75k loan from the Baptist Union Corporalion. Thls loan was fully paid off In 2024. The trustees havè consideied Ihe level of resenles they wish to retain appropriata to the size of the church, its needs and financial commltments. The trust88s' objective is to 8nsure there are sufficient resources for the church to meet its financial commitments in the event of a temporary shortfall in inGome or unexpected expendllure, Thls will contlnua to be ievlewed considerlng the prevailing financial circumstances. Rl8k management Tha trustees have assessed the major rlsks to whlch the Charity is exposed. In particular those related to the operations and financ88 of th8 Charity. and are satisfled that systems and procedures are in plac8 to mltigate exposure to the major risks. Fund Rai¥lng Pollcy Tha church receiv89 donations from the congr8gatlon and members through weekly offerings, speclflc appeals and one off donations. Due to the limit8d nature of Ihg fundraising activitles cuirently undertaken, the church does not formally monitor compllance wilh th8 Code of Fundraising Practice. The church does not consid8r that any of Its fundraising acbvities constitute unreasonable intruslon on a person's privacy. unieasonably persistent approaches or undue pressure to give and has nol recelved any complaints in respect of thls during the year. Requests are only made to those vtho are already members and supporters of the church and people can unsubscrib8 al anlMo. Thè church does not work with any commarcial participalors or professional fundrais8rs. ApprDV8d by the trustees on 13th May 2025 and signed on their behalf by: David Ruddock, Church Secretary Page 8
HAYWARDS HEATH BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF HAYWARDS HEATH BAPTIST CHURCH I report to the trustees on my examination of the charity lor the year ended 31 Oecember 2023 which are set out on pages 10 to 23. Re8pon81bllltle8 and basi8 of report As Ihe charity's trustees you are responsible for the preparation ol the accoun18 in accordance tha réquirements of the Charilies Act 2011 {'th6 Act'}. I r8POrt in r8SP8Ct of my examination of the charitrfs account8 carried out under 88Ction 145 01 Ihe Act and In carrying out my examjnatlon I hava followed all the applicable Dlrectlons given by tho Charily Commi88ion under seclion 145(5){b) of the Act. Indendent examlne¢8 8tatement I have compl8t8d my examlnatlon. I conflrm Ihat no mat8rlal matters have come to my attention in connection with the examination giving me Gau88 to believe thal in any material respect., 1 accounting records Vre not kepi in raspect of the charity as required by Section 130 of the Act; or 2 the accounts do not accord wlth those records. or 3 the accounts do not complywiththe applicable requirements concerningtheform and content of accounts Set out in th8 Charities {Accounts and R8POrt8) Flegulalions 2008 other than any requiremenl that the accounts give a 'lnJe and falr viabv whlch Is not a matter considered as part of an Independent examlnatlon I have no concems and have come across no other matters in connection with the examination to whlch attentlon should be drawn In thls report in order to enable a proper underslanding of the accounts to be reached. Independent Exjminor K Gomes FCIE MAAT Ind8pend8nt Examiners Ltd Untt 2, The Broadbridge Business Centre Dell Lana Bosham W881 Sussax P018 8NF Date: 19.5.25 Page 9
HAYWARDS HEATH BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unre8trict8d funds 2024 Fleslrictad funds 2024 rotal 2023 Noles 2024 INCOME Donations, legacies and Grants 240.857 2,902 243,759 183, 709 Income Ifom charitable activities 2b S,726 5.726 2.250 Income from inv8Stm8nts 2¢ 2,727 2.727 13,358 Other income 2d 14.678 14,678 323,489 TOTAL INCOME 263,988 2.902 266,890 522.806 EXPENDITURE Charltable exndIture. Grants payable in furtherance of the charity's objecls 3a 18.804 1.750 20,554 19,402 Dlrecl costs of activlties in lurtherance of the charily's objects 3b 98.469 98,469 47,$49 Support costs 33,004 33,004 29,167 Expenses for managing and administsring the charity 3d 51,854 51,654 44,886 TOTAL EXPENDITURE 201,9a1 1.750 203.681 141,004 NET INCOME I EXPENDITURE 62,057 1,152 63,209 381,802 N8t tr8nsfer belwa8n funds 1,539,305 (1.539,305) Net movement In fund8 1,601,362 1,538,153 63.209 881.802 Total funds brought forward 767,040 1,540.070 2,307,110 7,925,309 TOTAL FUNDS CAARIED FORWARD 2.368,402 1,917 2,370,319 2,307. 110 Movem8n18 on all resarves and all recognised gains and Ioss8s are shown above. All the charily's operations are classed as continulng. The notes on pages 12 to 23 form part of Ihese flnancial statemgnts. Page 10
HAYWARDS HEATH BAPTIST CHURCH BALANCE SHEET AS AT 31 DECEMBER 2024 31 December 2024 31 December 2023 Notes Flxed a8set8 Tangible assets 2,307.829 1,669,649 Currenl a66et8 Debtors Cash at bank and in hand 7,562 75,363 82,925 664,387 50,680 715.067 Creditors: amounts falllng dué wlthln onè y8ar (20,436) (7.606) NETCUAAENT ASSETS 62,490 707,461 TOTAL ASSETS LESS CURRENT LIABILITIES 2,370.319 2,377,110 Creditors: amounts falling due in more than one year (70.000) NET ASSETS 2,370,319 2,307, 110 CAPITAL AND RESERVES 31 Dacembar 2024 31 DeGemb8r 2023 Income fund•: Unreslricled funds Restricted funds 2,388,402 1,917 767,040 1,540,070 2,370,319 2,307, 110 Approved by ihe trustees on 13th May 2025 and slgn8d on their bahall by.. Da d Ruddock ChurGh SeGretary The noles on page8 12 to 23 form part of these linancial slatements. Pagell
HAIWARDS HEATH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. ACCOUNTING POLICIES Genèral Informallon Haywards Heath Baptist Church is an unincorporated charity limit8d by guarantee and registered In England and Wales. The registered address and charity numbei of tha charty can be lound in the legal and administrative information page. a) Ba818 of pr•paratlon The financial stal8m8nts have been prepai6d on Ihe h5stori¢al cost basls of accounllng In accordance wtyth the Chariti&$ Act 2011 and in accordance wilh applicable accounting standards. The flnanclal stAtem8nls have been prepared to give a 'true and fair" vlew and hava daparted from Ihe Charlt18s (Accounts and F16POrts) Regulations 2008 only to th8 ext8nt required to provida a "Irue and fail, view. This departure has involved lollowlng th8 Charitles SOFIP (FRS 102) updated in October 2019 rath8r Ihan Ihe Accounting and Reporting by Charitles.. Statement of Recommended Practice effective from 1 April 2005 which has since bean wilhdrawn. Haywards Heath Baptisl Church meets th8 d8finitlon ol a public benefit entlly under FRS 102. The financial statam&nls are prepared in Sterfing (£1 and rounded to the nearast £1. A summary of the signthcanl accounting policies is set out below, These policies have begn consistently applied to all years presented unless olheThvise staled. b) Donatlon8 Donations are accounted lor gross when receiv8d. c) Legacles Legaclas are accounled lor then their recelpt is probable and can be properly quanllfied. d) Inve8tmenl Income Investment incom81s includ8d in the accounts in the year it16 receivable. •) Fund ra181ng and publlclty cost8 The church does not make formal app8als for funds. expenditure on these items is th8refora not matarial. f) Gran18 payable The church makas grants lo other organisations whose charitable obpcts complement ils work. They are accounted for in the year in which thay are paid as no legal or conslructive obligation arises prior to Ihhs. g) Costs of charllable actlvltle8 These are the cosls Incurred on running the charity's operations. They include the direct Costs of the minlsiry and organisations as well as th8 pr8mlses support costs and Ihe administration costs. Expenditure Is shown incluslve of VAT. h) Governance c0818 ThSs represents dlrect expenditure on the governance of the church. Most of the managem8nt Is carried out without charge by volunteers. This intangible cost is not included in the slatement of financial activKies since there is no measurable cosl to volunteers for their seNice. Page 12
HAYWARDS HEATH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) 1. ACCOUNTING POLICIES (conllnued) i) Fixed a988ts The church and manse premises are included in the balanc8 she8t at cosl. FumSture in the church premises Is included at cosl or net realisable value. l) D•pr•cSatlon Deprecialion has nol historically been chargad on church or manse premisas becausa, in tha opinion of the Iiuslees. Ihe residual value of the asset Is not les8 than the original cost prlc8. Followlng the ¢omplellon of the new church bullding. the cost less the land will be depreciated over the estimated useful life 0150 years Depreciation on other fixed assets Is calculaled lo wrlte off the cost on a slraight line b&813 over their expected useful life at the following rates,, Computers 25% Equipment 10% k) Fund Accounting Gen8r81 ltsnds are unre8trlcted funds whlch are avallable for use at Ihe dlscrellon of the Trustees In furtherance of Ihe geneial obj8Ctlves of the charity and whlch have not boen designated lor other purposes. Restricted funds are funds lCh are to be used in aGcordance with specific restrictlons mposed by donors or which have been raised by the charity for particular purposes, The costs of raising and admlnlsterlng such funds are charged agalnst the specific fund. The aim and use of each restricted fund is set out in the noles to the tinanclal slalements. l) Go5ng Cone•rn Th6 Ilnanc181 stat8manls hava baen pr8par8d on a going concèrn ba8is ag the tru8t8es believe that no material unc8rtalnties 8xlst. The trustees have consld8r8d the level ol furKls held and the exp8Cted lev81 of Income and expendlture for 12 months from authorising Ihese financial $taiemenl$. The budgeted income and expenditure is sufficient with Ihe level ol r&8erves for the charity to continu8 as a going concern. m) Financial In8trument8 The charity only has financial assets and linancial liabilities of a kind that qualify as basic financlal Instruments. Basic financial Instrum8nls, including debtors and creditor8 are initially r8cogni88d at transaction valu8 and subsequently measured at their settlem8nt valua with the exception of bank loans which are subsequently measured at amortised cost usSng the effective interest melhod. Page 13
HAYWARDS HEATH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (contlnued) n) Employee Beneflts The charity operales a defined contribution plan for its employeas. A defln8d contribution plan is a pension plan under whlch Ihe chaiily pays fixed contributions into a separate entity. Once the contributions have b88n paid th8 charity has no furth6r payments obligations. The contributions are r8cognis8d as an axperbs8 when Ih8y are due. Amounts not paid are shown in accruals In the balance sheat. The assets of the plan are held separately from Ihe chaTty in an ind8pendendy administered fund. Prior to 2012 penslon provlsion was made through multi-employer d8fined b8n8flt penslon plans. Wherè il is not possible for the charity to obtain sufficient informalion to 8nabl8 it to accounl for a plan as a defined beneflt plan. it accounts for the plan as a defined contrlbution plan. Where the plan Is In deficit and wth8re Ihe charlty has agreed. w5th tha plan, to participate in a deflclt lunding arrarwJ8m8nt, the charity recognises a Ilability for Ihis obligatlon. Th& amount recognlsed is Ihe net present valu8 of th8 contribullons payable undar Ihe agreement that relale to Ihe d8flcil. The unwinding of tha dlscount is recognised as a flnance cost and any other change In the measur8mant of this Ilability is expensed to the Statement of Flnancial Activities Page 14
HAYWARDS HEATH BAPTISTCHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 {contlnuad) 2 INCOME Unr8Strict8d funds R8Strict8d funds Total 2024 Total 2023 a) Donation8 and legacoes Donations & Offerings Income tax recovered Granls 200,284 40.573 2.902 203,188 40.573 150,329 33.380 240.857 144,616 2,902 39,093 243,759 183, 709 183, 709 2023 fund spllt b) Income from charllabl• actlvlt1•8 Organisations: Chatterbox Youth Groups Hope Café Optlons 788 705 1,530 2,724 5,726 2,250 768 705 1,530 2,724 5,726 2,250 736 161 2,250 2023 lund splil c) Incom• from InStmentS Intarast 2,727 2,727 13,358 2,727 2.727 13,358 13.358 13.358 2023 fund spllt d) Oth•r Income Rental Profit on Sale of Man8e 14,678 14,678 8,940 214.549 323,489 14.678 323,489 14,678 323,489 2023 fund spllt Page 15
HAYWARDS HEATH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 {contlnued) 3 EXPENSES Unrestricted funds Reslrlcted funds Total 2024 Total 2023 a) Grants payable In furtherance ol the charitV8 object8 Given to other causas,. Amigos International BMS World Mission BU Home Mission Intarserve (Cathy Hin8) Llnk Misslonary Samarilang Pu 0th8r Gifts from fellowshlp fund 1,560 7,257 6,O¢JO 2.002 1,560 7,257 6,000 2,002 978 6,528 2,611 415 870 19,402 1,985 1,985 1.750 20,554 19.402 1,750 1,750 18,804 19.402 2023 lund split b) C08ts of actlvltles in furtherance ol Ihe eharitls object8 Ministry: Mlnisler8' sllpends and other salarbeg Pension conlribulion8 payable Panslon deficit adjustment Travel Telephonè Manse expens8S Manse malnlenance Olher ministry Propertyl Refurbishment CDSt$ Organlsalions,, Chatterbox Youth Groups Hope Café Options 59,811 6,092 10 9,388 363 3.417 69.811 6.092 10 9,388 363 3,417 29,360 2.948 3,843 734 933 3,116 10,214 3,116 10,214 7,280 786 1,567 1.384 2,320 98,469 47,549 786 1,567 1,384 2.320 98.469 47,549 790 156 1,396 47,549 2023 lund split Manse rent expenses were incurred in order to provlde a suitable mlnlstgrs, manse. Page 16
HAYWARDS HEATH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (contlnu8d) 3 EXPENSES (contlnued) Unr8Stric18d lunds R8strict8d funds Tolal 2024 Total 2023 c) Support costs Premise8'. Gas l Electriclty Water Insuranc8 Telephonelinternet Cleaning. mainlenance and repairs 8,448 1.294 4.297 1,353 17.613 7,295 1,380 4,177 388 15.927 1,294 4.297 1.353 17,613 33,004 29, 167 33,004 29, 167 29. 167 2023 lund split d) Expen688 lor managlng and admln18terlng the charlty Admlnistration: Photocopler Delegates and subscriptions Calering Church material Publlclty Copyright Ilcenca Sundry equipment Depreciation Professional fees Independenl examlnatlon fee Miscellaneou8 Finance costs: Mortgage inter8St Bank Charges 398 6,193 2,964 649 314 1,731 3,424 29,662 831 1,200 1,924 398 6,193 2,964 180 3.343 2,083 1,036 977 1,496 2,642 28,350 3,576 314 1,731 3,424 29.662 831 1,200 1,924 1,000 2,244 120 51,654 16,536 2,244 120 51,654 44,886 223 44,886 2023 lund split 28,350 All church expenses are In support of its activilies as a bthole and it 18 noi appropriate to relale them to any particular category of income. Page 17
HAYWARDS HEATH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) 4 TANGIBLE FIXED ASSETS Buildings Equipment Total Cost Additions Disposals Cost at 01-Jan-24 1,811,388 654,841 141,476 13.000 1,952,864 667.841 31-Dec-24 2,466,229 154.477 2.620 706 Depreclation Charge Depreciation at 31-Dec.24 01-Jan-24 141,750 141.4eS 283,215 29.662 312,877 170.100 142,777 Net book value 31-Dec.24 Net book value 31-Dec.23 2,298.129 1,669.838 11,700 2,307.829 1,669,649 The church 18 Ihe beneficial owner of two freehold properties in Ha>wards Heath, the church in Sussex Road, and 9 Sussex Road. The manse at 14 Pinewood Way wa8 sold in 2023 and a replacement mansa was acquired in January 2024. The church uses Ihe combined Slte In Sussex Road for its work and minisiry in the local communSty. All three propertles are held in trusl on behalf of the church by The Baptisl Unlon Corporation Limlted. Tho church ha8 no annual commitments under non-cancelling operating leases. 31 December 2024 31 December 2023 5 CASH AT BANK AND IN HAND Bank accounts BU CorporatSon Deposit accounts Cash Iloat Organi8ation8 47,079 26,002 150 2,132 75,363 22, 794 25,422 2.464 50,680 31 December 2024 31 DeeAmber 2023 6 DEBTORS AND PREPAYMEKrs Tax recoverable Prepayments and accrued income Anthony Collins Solicitors 2.797 4,766 6,347 3, 199 654,841 664.387 7,562 Page 18
HAYWARDS HEATH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (contlnued) 31 December 2024 31 December 2023 7 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accwals Other credltors Baptist Unlon Corporation 4,436 16,000 1,239 1,144 5,223 20.436 7,606 31 December 2024 31 Dec8mb8r 2023 8 CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR Baptisl Union Corporation 70,000 8a LOANS Bal8nc8 Drawdown Interast Rapaymenl Balanca Baptlst Unlon Corporation 75,223 2,244 77,487 The Baptist Union Corporation mortgage was fulty paid off on 15th August 2024. Page 19
HAYWARDS HEATH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) 9 RESTRICTED FUNDS Total restricted Fellowshlp Balanc8 at 1 January 2024 765 765 Income: Donations & Grant8 Tax recovered Interesl Tolal income 2,902 2,902 2,902 2.903 Transfei from general fund Sub total 3,667 3,667 Expenditure 1,750 1,750 Balanc8 at 31 December 2024 1,917 1,917 Fellowship lund Gifts for thi5 fund are to &ist any church member or regular atlend8r who is in short-term flnancial need. Disbursements from thls fund are made at the discretion of the member8 appointed from tlme lo Ilme for this purpose by the church m88ting. Page 20
HAYWARDS HEATH BAPTIST CHU RCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (contlnued) 10 ORGANISATIONS (DESIGNATED FUNDS) At31 Dec8mb8r 2024 Al 1 January 2024 Income Expendlture Chatterbox Youth Groups Hope Calo Opiions 914 1,248 786 1,587 1,384 2,320 6.057 895 705 1,530 2,724 5.726 300 704 2.132 11 ANALYSIS OF NET ASSEfs BY FUND 31 December 2024 Total UnrestriGted funds Restricted funds 31-D8c-23 Total Fixed assets and investments Monetary assels Liabilities (due in more than one year) 2,307,829 60,574 2,307,829 62,491 1,669,649 707,461 70,000 2,307, 110 1,917 2,368.402 1,917 2,370,319 12 RELATED PARTIES The custodlan trust88 of the church is Th8 Baptist Union Corporatlon Limlt8d whlch Is a registered charity (no. 249635) and whlch Is controlled by thè Baptist Union Councll. The church is also a membar of tha Baptist Union of Graat BrltaSn arKI the Soulh Eastem Baptist Association. The Home Mission Fund is thg principal working fund of that Union. Page 21
HAYWARDS HEATH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) 13 PAYMENTS TO TRUSTEES ANO MINISTERS Tru8tse8 The Church made donations lo the 8aptist Union Home Mission Fund as sét out in note 3a. The folowing truslees were re•mrSed for exp8nditure incurrad on behalf ol the church, J Batchelor R Bi8rst8k8r F Mclachlan D Ruddock D Thomas 138 2,507 1,017 Mini8ter8 followlng payments yre mad8 to ministers: Stipend Expenses and Iravel 2024 2023 4,440 11,432 15,872 3,843 3,843 The stipend figures shown above are not In addlllon to those In note 14 (Staff costs and numbers) The church uses a payroll 88rvice provided by West of England Baptist Associatlon to operate a PA YE scheme in respect ol slaff costs. The church paid into a pension schema on behalf of Its mlnlst8r$ and also pald certaln manse costs. No other payments warè mad8 to minislers or any person8 connected wllh them during this flnanGlal period. No olher malerial transaction took place belween lh8 charity and a minister or any pargon connected wllh Ihem. 14 STAFF COSTS AND NUWIBERS 2024 2023 Gross salaries Employer's natlonal insurance costs Employment allowanc8 Employer's pension contributions payable 59,811 4,907 29,360 2.756 (2,756) 2,948 32.308 6.102 70.820 The stalf costs above are included vlllhin nole 3b. The charity employed three people during the y8ar as follows. No. Adivilies in furtherance of th8 chafltys objects Th8r8 Ware no employees who received employee benefits of more than £60,000 h either y8ar. Page 22
HAYWARDS HEATH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) 15 PENSIONS The church is a parti¢ipatlng employ8r within th8 Defined Benefit section of tha Baptist Pension scheme and has been making ongolng deficit payTnents 01 £1 per month to cover the costs of past service ot ils staff withing the schema. The church undeistands that il would have cost £48.SLKJ to settle its statutory obllgations to Ihe scheme at the y8ar end. The church has no plan to leav8 Ihe schem8 and expects to continue to make payments to the scheme In line blllh the recovery plan. Page 23