Al• Fishponds Baptist Church ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR TO 31ST DECEMBER 2024
FISHPONDS BAPTIST CHURCH CONTENTS Report for 2024.... Full Name, Address, and Introduction of the Church . Objects Aims............................................................................................................................................ Public benefit. Leadership... Independent Examiner and Bankers Main Focus of Activities Fellowship Custodian Trustee....................................................................................................................... Concluding Remarks................................................................................................................... Leadership Team 2024.................................................................................................................... Income............................................................................................................................................. Gift Aid........................................................................................................................................ Regular Giving............................................................................................................................. Investment Income . Other Income.............................................................................................................................. Expenditure Grant Making Policy {Mission Giving)......................................................................................... Accounts Overview................................................................................................................... Reserves................................................................................................................................... Statement of Trustees, Responsibilities.................................................................................... Reference and Admin................................................................................................................ Report of Independent Examiner..................-........................................................................... Statement of FinancialActivities {SOFA)...................................................................................... Balance Sheet................................................................................................................................ Notes to the Financial Statements Note 1- Basis of Accounts and Accounting Policies Note 2- Income from: Donations and Legacies.................................................. Note 3- Income from: Charitable Activities............................................................................. Note 4- Income from: OtherTradingActivities........................................................................ Note S- Expenditure on: Charitable activities . 20-21 Note 6- New incomel(expenditure) ForThe Year .21 Note 7-Staff Costs and Number............................................................................................22 Note 8-Taxation .22 Note 9- Statement of Financial Activities Comparative Figures .23 Note 10-Tangible Fixed Assets................................................ .24 Note 11- Debtors....................................................................................................................24 Note 12-Creditors..................................................................................................................25 Note 13- Movements in Funds.......................................................................................... 25-26 Note 14-Analysis of Net Assets Between Funds....................................................................27 Note 15- Related PartyTransactions .27 16-18
FISHPONDS BAPTIST CHURCH REPORT FOR 2024 Full Name. Address. and Introduction of the Church Fishponds Baptist Church, Downend Road, Fishponds, Bristol BS16 SAS, is incorporated under a Charitable Deed of Trust. The Church registered as a charity11131411) with the Charity Commission for England and Wales. The Church Office Telephone Number is 0117 965 3421. The Church, which is affiliated with the Baptist Union of Great Britain and Ireland and the West of England Baptist Association, aims to uphold the Declaration of Principle of the aforesaid Baptist Union, which is: That our Lord and Saviour Jesus Christ. God manifest in the flesh is the sole and absolute authority in all matters pertaining to faith and practice, as revealed in the Holy Scriptures, and that each Church has liberty, under the guidance of the Holy Spirit. to interpret and administer His Laws. That Christian Baptism is the immersion in water in the Name of the Father. the Son and the Holy Spirit, of those who have professed repentance towards God and faith in our Lord Jesus Christ who died for our sins according to the Scriptures- was buried and rose again on the third day. Every disciple has to bear personal witness to the Gospel of Jesus Christ and take part in the evangelisation of the world. Objects The Charity is governed by an Approved Governing Document which states that the principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination including the advancement of education. community service and other general charitable purposes in such parts ofthe United Kingdom and the world as the Church shall determine. Aims The main aim and objective of Fishponds Baptist Church {FBC) is to know and share the good news of Jesus Christ in all that we do. Atthe heart of the Church is its ministryto the membership, congregation, and the wider community at large so that the messages contained in Scripture are shared and celebrated and the understanding and acceptance that Jesus Christ is the Lord and Saviour grows. FBC is gifted in practical terms as the church has a range of resources and facilities that enable fellowship to be enjoyed, not just on Sunday but also on a continuous basis. The church is also organised into smaller networks for fellowship through fortnightly small group meetings and care/well- being through a care group structure which encourages a sense of personal belonging within what is quite a large congregation. To maintain and develop its ministry, premises. and facilities, FBC collects donations, predominantly from the congregation. These donations also provide the opportunity to contribute financially to a wide range of Faith-based org8nis8tions both within the UK and overseas providing a variety of outreach and ministry programmes or practical projects.
FISHPONDS BAPTIST CHURCH Public Benefit We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. FBC is committed to being a place of worship of God for the people who live in Fishponds and neighbouring communities. All are warmlywelcomed when they enter the church. In addition. FBC is committed to servingthe community in manyways. Please see the Main Focus of Activities for more details about this. Leadership The Deacons, who are the Managing Trustees of the charity, administer the Church. Charity Law requires trustees to prepare annual accounts which consist of a Balance Sheet and Statement of Financial Activities. together with accompanying notes. and which give a true and fair view of the state of affairs of the charity at the end of the financial year and of its income and expenditure, in line with FRS102 SORP. Deacons are voted onto the Diaconate by the membership at an Ordinary Church Members. Meeting. Deacons are appointed for an initial three-yeartermwith the opportunityto be nominated for reappointment at the end of each three-year term. Deacons fulfil their role voluntarily and are assisted by many other volunteers helping within all areas of the Church. The Pastor (Minister) who is the "Holder of Office" and is a paid employee of the church. also sits on the Diaconate. Those who have served in the Diaconate are listed on page 7. Independent Examinerand Bankers The appointed Independent Examiner of the Church is Joshua Kingston Bsc ACA, Burton Sweet Limited, The Clock Tower. 5 Farleigh Court. Old Weston Road. Flax Bourton. Bristol BS48 1 UR. The Church's bankers are: CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling. Natwest Bank PIC. 778 Fishponds Rd. Fishponds. Bristol.
FISHPONDS BAPTIST CHURCH Main Focus of Activities This year the church has continued to see growth in many areas of church life. Sunday services have experienced further numerical growih with more adults and children attending each week. The stronger stewarding, hospitality, worship, prayer, children's and youth teams we began developing in 2023 continue to be a key element in both caring for and developing growth as a church. Our Cantonese sermon stream, which happens twice a month, celebrated its first anniversary and continues to be a strong and valued part of the church. During the summer. a Cantonese worship event was hosted by our church and many people from across the city attended. We also began two new Cantonese-speaking small groups during the year to help encourage and support Cantonese-speaking adults who attend the church. Beyond the Sunday morning service. many other activities happened in the building. During term time, two toddler groups met each week and throughout the year there was a monthly Family Messy Church and Dads and Tots event - all enjoying growth and with a connection with people beyond the church family. Each week the church hosted a luncheon club for seniors and a weekly foodbank that supports people with food, conversation, and advice via external partners. The church also continues to be involved with churches across Bristol offering soup and sandwiches and care for the homeless and runs two Hope into Action houses which seek to help and support peopLe vulnerable to homelessness. The church also ran activities to engage with young people. both independently and in partnership with other local churches. The team running the youth work grew during 2024, and at the end of the year decided to officially partner with the George Muller Trust - an organisation that seeks to mentor and resource church youth groups. During the autumn term. the church ran an Alpha course welcoming 40 guests and volunteers to eat togetherand explore the Christian faith. Throughout theyearseveraLsocial eventswere also heLd to build community both within the existing church and beyond. Throughout the year some external organisations use the church building. including the Scouts, the Brownies, and an independent preschool. Atthe end of 2024, the Scouts moved out of church premises into a larger facility based at a local school. They also removed a significant number of resources that they were storing at the church. This departure comes after a very long connection with the church, but the need for further space and the church not being able to provide it prompted this move. All parties were thankful for what had been done over the years and wished each other well for the next chapter before them. During the year. the building encountered a variety of upgrades. changes. and adjustments. The foodbank store was relocated, enabling the main church office to be re-established at the heart of the church building. The old office was then converted into a small meeting room. CCTV feeds were rewired to the new office and a new large TV screen was added to the small conference room. Other upgrades include replacing office windows. sorting out drainage. replacing many roof lights and removing some large built-in storage units. A major six-phased building refit was developed by an internal building team, a plan which will take several years to implement, but will see the refurbishment of the building. Phase 1 was the heating system replacement and new toilets which was completed in 2023. Phase 2 will include rebranding, signage. a refurbished sanctuary. and an upgraded main entrance. The rebranding has taken place. signage has been ordered, and the refurbishment will begin in 2025 as funds allow.
FISHPONDS BAPTIST CHURCH Several significant changes in personnel happened during the year. Due to the growth in so many areas of church life, it was agreed to seek to employ a part-time Associate Minister, to work with the Senior Minister in allaspects of church leadership. and to specifically focus on integratingthe many new people who arejoining the church. An amazing personwasvoted into this post in November andwill start on the 1 st of January 2025. In 2024, a new treasurerand a new head of pastoral care were appointed, both bringing further changes as new procedures and processes were developed. Much work was also invested in developing further team leaders in preparation for when the Children's and Families team leader went on maternity leave at the beginning of 2025. We are hugelygrateful to everyone - both volunteers and paid staff for their unstinting involvement which enables the work of FBC to be carried out in such a committed. positive and effective manner. We thank God for how He has blessed the church during 2024, and we look forward to all that He will do in 2025 at Fishponds Baptist Church. Thefellowship is open and committed to being a"Beacon on a hill ' and to "shine brighter" with the love of God as we seek to serve God and the local community. Fellowship Two people attested to their faith by going through the waters of baptism in obedience to scripture. Our Fellowship now has a membership of 152 (2023: 154). The changes to our membership were as follows: New Members-22 Transfer In- O Transfer Out to Another Church- 3 Resignations- 11 Removed due to loss of contact - 7 Deceased- 3 were called to be with the Lord Custodian Trustee The Custodian Trustee for the Church is Webnet (registered as the West of England Baptist Association). Webnet holds in trust the title deeds of the Church properties. Concluding Remarks We are grateful to all those who have contributed to the work at FBC throughout this past year. A church is dependent on the commitment of its membership and here at Fishponds we have many who work tirelessly and without recognition. To these, we give our heartfelt thanks and praythat God will bless them in the days that lie ahead. Finally, we record on behalf of the fellowship our gratitude to the diaconate for their work in leading and guiding us under God's headship.
FISHPONDS BAPTIST CHURCH LEADERSHIP TEAM Senior Minister: Reverend Mark Madavan Deaconate: Senior Minister. plus Deacons: Mr Graeme Betts Mr Peter Keenan {treasurerto February 2024) Mrs Catherine Madavan Mrjohn Ray {term ended April 20241 Mr Jason Tinley {appointed & treasurer from February 2024) Mr Adam Mitchell-Baker (appointed September 2024) Mrs Kathleen Jinadu (appointed January2025)
FISHPONDS BAPTIST CHURCH INCOME GIFT AID The amount shown in the accounts for gift aid reclaimed in 2024 is £42,20012023 - £42,034). By the end of the year. 56 active supporters had signed Gift Aid Declarations and had given during 2024. REGULAR GIVING The regular giving which includes giving by members and worshippers, member gifts and special collections, has increased by 120/0. This is due to an incre8se in the congregation. There w8s also a generous gift of £40,000 gift during the year. GRANTS We benefitted from an Access to Work Grant from DWP to fund the post of Ministerial Assistant to support the Senior Minister. INVESTMENT INCOME The church follows a 'low risk. policy when investing its surplus cash which is normally placed on deposit (short notice or instant access) with the Bank. Whilst the interest yield is not substantial. the deacons consider that the overriding requirement is to protect the sum invested. OTHER INCOME During the year we benefited from gifts and donations from Church organisations for use of premises and general support. EXPENDITURE Total expenditure in 2024 rose to £291.191 (2023: £247.174). reflecting an increase in mission giving, church repair and improvements, and additional administrative support. STAFFING COSTS Ministerial Staffing: Increased by 20/0 to £76,458 {2023: £75,227), aligning with annual salary increases. Administrative Salaries: Rose 680/0 to £41,927 {2023: £24,896), reflecting the first full year of the DWP- funded Ministerial Assistant role and expanded administrative support with a five-day office presence. MISSION AND OUTREACH Mission Giving: Achieving our target of mission giving of at least 10% of our unrestricted income, mission giving rose to £33,346 (2023: £21,621). Notable increases include: Webnet Home Mission: +78Oh {£12,000}, reinforcing support from Webnet for our local Baptist family of churches. Other Mission Giving: +103 % (£6.390), increasing our giving to local Christ18n missions, such as inHope and overseas relief efforts, such as Nepalese Flood Relief. Outreach: Decreased to £6.58212023: £8.6481. following a realignment of activity allocations {e.g. Soup Run now under Other Mission Giving)
FISHPONDS BAPTIST CHURCH PROPERTY AND INFRASTRUCTURE Property Repairs and Maintenance: An expected increase of 187% to £8.942 {2023: £3.120) due to essential works, including gutter clearance, pigeon netting installation, and ceiling repairs. Energy Costs: Increased 420/0 to £13.054 (2023: £9.178) following the installation of energy-efficient boilers in late 2023, which improved heating reliability but raised gas consumption. Church Rates: Increased to £9,945 (2023: £5,137) due to the first full-year lease cost of the minister's new manse. OPERATIONAL ADJUSTMENTS Manse Rates: Reduced by 1 OYO to £3,857 {2023: £4,296) as utility costs are now paid for by the tenants. HIA Houses: £365 allocated to Furniture and Equipment (2023: nil) for essential household items in supported housing. Routine Maintenance: Decreased 90/0 to £27,72812023: £30,351), reflecting stabilised building upkeep {new boilers) and reduction of costs through changes in suppliers. OTHER KEY ITEMS Training: Reduced to £1.160 {2023: £1.942). prioritising cost-effective solutions. Worship Equipment: Costs remained negligible (£161 as 2023 repairs extended asset lifespans, avoiding new purchases. New equipment costs of £2.497 were added to the fixed asset register (not added to the expenditure) and depreciated accordingly. CONCLUSION Our 2024 expenditure supported vibrant growth and service: nurturing Cantonese ministries. expanding youth partnerships, and welcoming newcomers through Alpha courses. Investments in building upgrades - like relocating the foodbank store and planning sanctuary refurbishments- ensured our spaces remained welcoming for those attending Messy Church. toddler groups. and our other ministries. Every pound spent echoes the generosity and dedication of our congregation, united in purpose. Together. we steward God's provision to shine brighter- equipping Fishponds Baptist Church to be a beacon of hope in 2025 and beyond.
FISHPONDS BAPTIST CHURCH GRANT MAKING POLICY (MISSION GIVING) Fishponds Baptist Church entrusts grant allocation to the Mission Task Force. a dedicated group of members delegated bythe CharityTrustees to manage the annual mission budget and recommend partnerships. Final grant decisions are approved by the Trustees to ensure alignment with our charitable purposes and vision. while the total mission budget. including grant allocations. is ratified by the Church Members. Meeting as part of the annual budget. The Mission Task Force ensures faithful stewardship of resources in line with our vision to "shine brighter" as a beacon of God's love, prioritising initiatives that advance evangelism, community development, and crisis relief, with a focus on Baptist partners such as Webnet and BMS World Mission. ACCOUNTS OVERVIEW The Church's Total Assets (excluding the value of Land and Buildings) grew by £104,920 in the past year. This increase reflects a £106.776 surplus in unrestricted funds (available for general purposes). pa rtially offset by a £1,856 deficit in restricted funds (a Ilocated for specific initiatives). RESERVES As a church. we are committed to being good stewards of both income and assets. We are also committed to the vision and values of this church to be a healthy growing community. This requires strategic planning. budgeting. and monitoring of all income and assets. It is the practice of this church to hold a cash reseNe equivalent of at least three months of general running costs to cover unforeseen circumstances. General running costs include all liabilities {salaries, contracts, and financial commitments). For 2025. the reserves target is £72.223. At the year-end. the free reserves are £153.33212023 - £145.785). being the total general unrestricted funds. The fixed assets are held in a designated fund. as these are not readily available. The church's reserves are currently higher than our reserves policy for the following reasons: The church has grown in numbers and giving. and we received one-off significant gifts. The building needs further investment, and reserves will be allocated towards this as plans evolve. In 2024 we designated £85,000 of the free reserves for this purpose {Designated Building Fund). 10
FISHPONDS BAPTIST CHURCH REFERENCE AND ADMINISTRATION Charity details Fishponds Baptist Church Downend Road. Fishponds, Bristol BS16 SAS. Charity number 1131411 (registered in England and Wales) Trustees (Deacons) Rev Mark Madavan (senior minister) Mr Graeme Betts Mr Peter Keenan (treasurer to February 20241 Mrs Catherine Madavan Mr John Ray (term ended April 2024} Mr Jason Tinley (appointed & treasurer from February 2024) Mr Adam Mitchell-Baker (appointed September 2024) Mrs KathLeen Jinadu (appointed January2025) Independent examiner Joshua Kingston Bsc., ACA Burton Sweet Ltd.. Chartered Accountants, The Clock Tower, Farleigh Court. Old Weston Road, Flax Bourton. Bristol. BS48 1 UR. Bankers CAF Bank Ltd., 25 Kings Hill Avenue, Kings H ill. West MaLling, Kent. Natwest Bank PLC, 778 Fishponds Road. Fishponds. Bristol. 11
FISHPONDS BAPTIST CHURCH STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom GenerallyAccepted Accounting Practice). The law applicable to charities in England &Wales requires the trustees to prepare financial statements for eachfinancial yearwhich give a true andfairview ofthe stateofaffairs ofthecharity and ofthe income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charities SORP. Make judgments and accounting estimates that are reasonable and prudent. State whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements" and Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 deedlconstitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and othe r irregula rities. Signed by order of the Trustees. fvfa61aLw Jaiok r/ Reverend Mark Madavan Jason Tinley-Treasurer Approved by the Trustees on 15 May 2025. 12
FISHPONDS BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FISHPONDS BAPTIST CHURCH I report to the trustees on my examination of the accounts of Fishponds Baptist Church {the Charity) for the year ended 31 December 2024. Responsibilities and basis of the report As the charity trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act'l. I report in respect of my examination of the Charitvs accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed allthe applicable Directions given by the Charity Commission under section 145{51{bl of the Act. Independent examiner's statement Since the Charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertakethe examination because l am a member of the Institute of Chartered Accountants in England and Wales. which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: The accounting records were not kept in respect of the Charity as required by section 130 of the The accounts do not accord with those records. or The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ockKL ILi Signed: Dated 15 May 2025 Joshua Kingston Bsc ACA Burton Sweet Limited, Chartered Accountants. The Clock Tower, Farleigh Court, Flax Bourton, Bristol. BS48 1 UR 13
FISHPONDS BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024 Unrestricted Gonoral Designatad Funds Funds Rgstricted FUlS Endowment Total Funds Total Funds Funds 2024 2023 Note Income from: Donations and legacies Charrtable actimties Other trading t[kneS Investments 254.822 714 53.835 5.334 3.7) 37,398 40,124 296,010 40,838 53,835 5,428 273,431 45.416 29,825 5,132 Total Income 314,705 3.7 77,616 396,111 353,804 Expenditure on: Charitable actmties 213. 9.155 68,972 291,191 247.174 Total expendlture 213,064 9.155 68,972 291,191 247,174 Net incomellexpenditwe) 101,641 15.3651 104,920 106,630 Transfers between funds 13 194,094) 104.594 110,5(K)} Net movement In funds 7,547 99,229 11,856) 104,920 106,630 Total furKls at start of year 13 145.785 346.515 17,954 268,950 779,204 672,574 Total funds at end of year 13 153,332 445,744 16,098 268,950 884,124 779,204 The Charty has no recojnisl gans (r ksses than the resutts the year as sel wl above. All cl the acliviiw d Ihe charity are Class as ¢(tinUing. The notes on pages 16 to 27 fonn part of tIse financial statements See note 9 for fund4ccounting cornparative figures 14
FISHPONDS BAPTIST CHURCH BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Not& Fixed assets Tangible assets 10 578,674 568,115 578,674 568,115 Current a$set$ Debtors Cash al bank and in hand 11 21,110 295,825 11,824 215,078 316,935 226,902 Liabilities Creditors .' amounts faling due wiihin ce year Net Current assets 12 111,485} 305,450 115.8131 211.089 Net assets 884,124 779,204 FUNDS Unrestricted funds General funds Designated funds Restrictgd funds Endowment funds 14 14 14 14 153,332 445.744 16.098 268,950 145,785 346,515 17,954 268,950 Total funds 884,124 779,204 These financial statements were approved by the Trust (fft 15 May 2025 and are swJngd (fft their behalf by.. Jaiok r/ Jason Tinley Church Treasurer The notes on pages 16 to 27 forn) part of tlw financial Slalements 15
FISHPONDS BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 counting policies counting convention The financial stateMts have prepar in &dance wi(h the hist(Cal Cost ¢VentIOn lexcepl whe otheNise stsled in the accounting policy note) and in &COrdan wtlh the Statent ( Rnendl Practice.. Accounting and RetKXting by Charities preparing thr acccAJnts in ¥cordance with the FInCIal Repcrting Stsndard applicable in the UK and Republic of Irdand {FRS 1021 issued in October 2019, and the FinclaI RepKYtiThJ SLwdard appli in the UnItj lfjngdom and Republic of IreLgnd {FRS 1021. and the Chartti&s Act 2011. The &counls (financial sIattsYn1sI have bew prepared lo give a llrue and fair. wew and have departed from the Charities (Accounts and Rep(xtsl RegU1atKs 2008 to the extent rUirj lo provKle a 'true and fair view.. This departure has invdved fcAlowing Accounting and Repcrting by Charities- Ststemrt cl Rec(Mnmended Pr&lice applicable lo Charities preparing their accounts in acuxdance wtth the Financial ReFxtlng Standard applicable in the UK and Republic of Irdand IFRS 1021 issued in October 2019 rather than the AcccAJnting and Reting by Chariti&8: Statement of Recommend&1 Practice effective frcm 1 April 2005 which has since been withdrawn. The charity is a publ beneff( tty as defiwl undw FRS102. There are no material unwtainties abcxJL the chartty's abilty to continue as a gomng coK)cern. despi(e the uncertainty being caused by the cost-of-lThring crisis. The Trustees have carefvlty the eff1 of this Wh preparing budgets for the coming year. The increase in the c(grOa8tjn and the increase of gmng throJgh physical offerings, gives the Trustees ccx)fidence that there will be minima effect on the charity s operations and raserves in the crKning years, and that the charity has sufficient reserves lo suslan the current level crf tivity. Income Incom8 from d(at1(S is included in inccffte when Ihese are r1Vale, except as f(Alows'. l. When dcncrs 5fy that (atM$ to the charity musl be us8J in future aCcntIng pericds, the incc¥me is deferraj until those peri(xJs- 11. When d¢$ impose conditions which have to be fulfilled the chJity (eS entitled lo use such inccThe, the income is deferred until the prfrconditions have met. Gfft aid r&Vable is included in inccxne when thwe is a valKI decl¥1( fr(An the d(, and any grft aid recovered on a donatKJn is C(msider lo be part of the grft and treat&l an jdrt to the same fund as the (gIn grft. LleS are included a rec8vable basis where charity is wtilled lo the In¢e, it can be measured rdiably and receipt is probable. Where 1gJacies have nOt[fi lo the charrty, the charity is aware ( the granting of probate, and the criteria for income recc9nlth have ncrt bn met, then the leg&y is ncrt included in inccme bul is treated as a ¢(tingent asset and disclose material. Investment incclne is incILed on a basis. Expenditure Expenditure is reccxJnised in the pen¢JJ in which rt is Incurr1. EXditUre includes 8ttribul8ble VAT whh cannot be r0vered. 16
FISHPONDS BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 counting policios (continwd) Charitable Activities Grants award are al1¢Xat to charitable tNitses. Grants awarded are Irealed as expenditure and a liabilty in the accwnts as S( as they beccThe legd or conslruclive obligations. In the case of mutti-year grant awards, the funding fLY all years is iMm8J1Y r1)jniS unless there are C¢dlLs which need lo be met by the recipwt to enable the release of subsequent years, fvnding. Govemanc8 Costs Govemance costs include crtsts aSS(lat wth meeting the ccmstitulK and statul(ry requirements of the charity and include the independent examination fs and cc6ts Ikj to the straIJ1¢ managemenl of the charity. Governance costs are included within charrtable tIV[tE5. Pension Costs and otherpost-rgtirement benerts The charity operates a defind ¢(trIbU1 plan f its plOYeeS. A defin crmlribution plan is a pension plan under which the charity pays fixed contributions into a separate lity. Once the ¢(lrIbUti(s have paid the ¢htty has no further payments )l1gatKS. The contributions are rwn1sj as an expense when they are due. Am(xJnts not paid are shown in CrUalS in the balance sheet. The assets cl the an are hehj separalety frcn the chlty in an IndedllY MInIsted fund. Prior to 2012 pensi( provis was male thr(yJgh muttpempkryer deffin befft pensK)n plans. Where il is not possible f(x the charity to obtain suffiCt Informatic lo rt to WAJnt f a an as a defin beneff( pL8n, il acccKJnls f( the plan as a defin ¢c¥)lribution plan. Where the plan is in defictt and where the charity has 4regJ. with the p. to partKipate in 8 deficit funding arrang&nenl, the charity rogniseS a liability for this rt)ligati<. The am(xJnt rwnised is Ihe net present value of the contributions payable Und the 8gr&menl that rdale lo the defici(. The unwinding of the discwnl is r&c%JnIS as a finance cc6t and any oth¥ change in the measurement of this liability is expens to Statement irf Financ Activrts. Tangible fixed assets Fixed assets are held al crtsl less accumulat depwlat1r. Assets cctsting tss than £1(K) we nd capitalised. Depreciath)n is ¢al¢ulat8J so as lo write off the cc6t of an asset, less its estimat1 ultimate residual value, over the useful lrfe of that asset as fdlows.. Church Building Improvement¢ 10°A slraight line Fixtures & Fittings.. 20.10 Straght Line Equipment.. 25.10 Straight Line Land and buildings Two Manses in Brisld we indud&J in these ¢nIS at thr resmive purchase prices li.e. £94,(X)O and £174,950). The C[xJntS are not charg&l wth deprectK)n in respect of the Manses, as it is felt thai the amwnt that wwld be Ch¥g w(wld te immat as an amwnl C ils own and in the c(Mlext of the baance sh1 as a whole. Debtors Trade and other debtors are rec(KJnised at the seluement am(xJnt due after any traje discount offer. Prepayments are valued at the amount prepaid net of any trle disCnts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and tum highty IMiuMI inv&8tmenls wf(h a short maturrty of thr mcnlhs or less frcm the date of qUiSitI1 ¢x opening of the dew6it similar acC(nt. 17
FISHPONDS BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 unting policios (continwd) Creditors Creditors and provisws are recojnised the charity has a preswl d)Iall( resuliing frcmn a past event that will probably result in the transfer of funds lo a third party arKI the am(yJnt due to settle the dlgalK can be measur1 (x estimat1 reliably. Crgdrtors and provisk$ are nomially rn1$ al tsr amwnt after dkAving fry any trale discounts due. Fund accounting Endrywment funds represent the manses in Bristd. Reslricled funds Can (ty used partUlar restrict purwjses within the )11$ cl the charity. RestriclDns arise when Slfi by the donor (K when furKls are rai1 f(x particul& restrict1 pUr[e5. Designated funds form part of unrestricted fvnds have Ixen identsfied as bng for particular purposes by the Trustees. They are not restrict and can be transferr to gen funds at any b.me at the discretK)n of the Trustees. Further explanation of the nature and pUrp(e of furMI is includ&J in the notes of the fIncIal stalemenls. Income from: Donations a1 legacies Unrestricted Funds Designatgd Funds Restricted Funds Endowmont Total Funds Funds 2024 t)onations Grants - Access to Rular giving Building fund dalla15 Grft aKI 3.7 4,070 28,970 213,821 6,949 42,2(x) 28.970 213.821 6.949 1.479 40.721 254.822 3,7 37,398 296,010 Prior year UnrestrScted Funds Designated Funds Restricted Funds Endowment Total Funds Funds 2023 Donations Grants Grants - Access to Wtyk Regular giving Building fund dat*S LleS Grft aKI 1,2(M) 8,2 18,651 1,600 13,911 18,651 192,065 4,170 1,000 42,034 5,661 192.[95 4.170 41,678 240,804 32,627 273,431 18
FISHPONDS BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 IoMe from: Charitable activities General FUNIS Designated Funds Reslricted FuJS Endowment Total Funds Funds 2024 Tenant rent Tenant charges Sundry receipts 36.086 4.038 36,086 4,038 714 714 714 40,124 40,838 Prior year General Funds Designated Funds Restricted Funds Endowment Total Funds Funds 2023 Tenant rt Tenant charges Sundry receipts 40.226 4.134 40,226 4,134 1,056 45,416 Income from: Other trading activities General Funds Designatgd Funds Restrictgd Funds Endowmgnt Totsl Funds Funds 2024 Rentd income 53,835 53,835 53,835 53,835 Prior year General Funds Designated Funds Restricted FurK15 Endowment Total Funds Funds 2023 Rental income 29,825 29,825 29.825 29,825 19
FISHPONDS BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Expenditure on: Charitablg activities Gengral Funds Designated FUlS R&stricted Funds Endowment Total Funds Funds 2024 Direct costs Ministry Wages and Salaries Pastor's expenses Pulpit supply Young pwiles. wc¥k Outreach Worship equipm1 Training Sundry expenditure Mission Giving Baptist Missionary sIety Webnet Home Mission GO MAD UK other MISS Giving HIA Houses Rent Empowerment worker saloJies monlhtyf Support Costs Utilty Costs Insurance Furniture and eqUipMt Council lax Manse raies Banking charges Prfwy repairs and maintenance Travd and traning expenses Sundries Deprlati< Church Rates Administrative salaries Other expenses and consumables Professional fees Routine maintenance Energy costs 76.458 581 76.458 581 3.500 5,844 6,582 16 1,160 884 6.582 16 1.160 10,000 12.000 4.956 6.3 10,000 12,000 4,956 6,390 lo,0 9,270 1,200 10,000 9.270 1.200 4,268 392 365 3,700 4.268 8,207 365 3,700 3,857 130 8,942 356 1,499 9,035 9,945 41.927 5,275 4.062 27.728 13,054 7.815 3.857 130 8,942 356 1,379 120 9.035 9,945 12.957 5.275 4.062 27.728 13.054 28,970 213.064 9,155 68,972 291.191 20
FISHPONDS BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Expenditure on: Charitable adivities Icontinwl) Prior year General Funds Designated FurKIs Restricted Funds Endowment Total Funds Funds 2023 Direct costs Ministry Wages and Saaries Pastor's expenses Pulp(c supply Young p&)ples' wk Outreach Worship equipment Training Sundry expenditure Mission Giving Baptist Missionary ScKiety Webnet Home Mission GO MAD UK Other miss giving HIA Houses Rent Empowerment worker salaries mthf Support costs Utilty Costs Insurance Furniture and uIpMent Council lax Manse rates Banking charges Prtyty repairs and maintenance Travd and traning expenses Sundries Deprlation Church Rates Administrative sdaries Other expenses and c(SUmableS Professional f Routine maintenance Energy costs 75.227 781 1.792 3.186 8.648 3.687 1,942 2.263 75.227 781 1.792 3,186 8,648 3,687 1,942 2,263 6.750 6.750 6,750 6,750 4,980 3.141 3.141 10,(X)O 8,188 1,140 10.000 8.188 1.140 3,917 169 3,917 7,523 7.354 3,471 3,471 4,296 120 3,120 120 3,120 646 646 7,670 5.137 24,896 3.998 4.376 30.351 9.178 7.670 5.137 6.245 18,651 4.376 30.351 9.178 1.082 7,670 49,422 247,174 Net incomel{expendbture) for the year This is stated after chargirwJ'. 2024 2023 Independent examin$ fees - fc Iependent exJninKm - f(x cnts preparatK)n Trustees, Iravd, mting and Iraning ex DeprlatIOn 2,370 1.170 2,370 1,170 9,035 7.674 Aggreg*e dr81)$ from Trustees, key pwscmnd, and cther rdated pt was £26,71312023.' £37,800). 21
FISHPONDS BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Stsff cost$ and numbors The grJate payTdl cctsts wue.. 2024 2023 Wages & salaries ial SUritY costs Pension contributiS 116,845 3,554 7,247 82,797 727 6.136 127,646 89,660 During the year, the church empw plIe 85 fc4kpw5: Number 2024 Number 2023 FTE 2023 2024 Ministry Administraliu) 2.85 Key management personnd are the minister de*[S. The total salary and benefts for these people including pensDn C(tributIonS to the Baptist pensi¢ scheme coveriThJ eyi5ting and previLNJS paslLYS were £56,70812023.. £46,536). No received emuMts cl m(Ye than £60.000 in ather the current. pr&ing year. Rev Mark Madavan, a trust, receIvj of £41,296 (2023" £38,938) f(Y his rde as S)r Minister. This is permilled under the governing dUment f(x the Chanty. He is aso Provid wrth living cOMmIXIation in the form of a Manse which is rent1 by the church, and received £11,58212023.' £4.0581 in reimbursenI of hsing and brckqdband costs. Taxation The charity is exempt frrm ccwatirm tax C its Charilab tTt.
FISHPONDS BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Ststemont of Financial ktivitie$ comparative figures Unrestricted Funds Designated Funds Restricted Funds Endowment Total Funds Funds 2023 For the year ended 31 December 2023 Income frorn: Donations and le95 Charrtable activtiies Other Irajing &livilies Investments 240.804 1.056 29.825 5.132 32,627 44,360 273.431 45,416 29.825 5.132 Total income 276.817 76,987 353,804 Expenditure on: Charitable acts'vitEs 197.752 49,422 247,174 Total expenditure 197.752 49,422 247,174 Net incomel(expenditure) for the year 79.065 27,565 1[.630 Transfers between funds (179,3501 354.185 1174,8351 Net movement in funds {1(K),2851 354,185 1147,2701 106,630 Total funds at start of year 238.400 165,224 268.950 672.574 Total funds at end of year 138.115 354,185 17,954 268,950 779.204 23
FISHPONDS BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 10 Tangiblo fixed assets Church Asset under Building cortstruction Improvements Land and buildings Fixtures and fittings Equipment Total Cost or valuation At 1 January 2024 Additions DisposJs Transferr&J Inlloutl At 31 December 2024 286.875 268.9S) 67,703 1,079 12,362) (62,1731 4,247 623,528 19,594 18.1091 15.303 3,212 {5,7471 36,653 1286,875) 312.395 327.698 268,950 34,118 635,013 Dgpreciation At 1 January 2024 Charge f the ye Eliminated on d1SFxal Transferrd Inlloutl At 31 December 2024 55,413 55,413 9,035 18.1091 3,169 (5,7471 29,420 {2,362) (49,8831 3,179 20.463 26.318 26,842 56,339 Net book value At 31 December 2024 301.380 268,950 1,068 7,276 578,674 At 31 December 2023 286,875 268,950 12,290 568.115 Flxed Asset Reclassrfication During the year, assets under ccnstructKM7 ¢C6ting £286.875 wwe ¢cmplet&J and rlassifi&l to 'Church Buikling Improvem8nts'. DeprlatIOn comrnenced from the dale of coynpletK {1st Novembw 20241 During the year, the existing 'FIxtu al Fittings. cat8Jc¥y was rlaSsffij into thr* new categories.. 'Church Building Improvements, Equipment,. and Fixtures and Fittings.. HIstICa cost and accumulated deprtk)n were apportk)ned basal on the relalwe value of assets in each cat(ry. hurch Building Improvement Fixtures & Fittirys (Originall Fixtures & Fittings Equipment (Remaining) Categcry Cost Opening Balance Transfers Out Closing Bdance 67,703 67.703 25,520 25,520 36,653 36,653 5,530 5.530 AuMUlated Deprlation Opening Balance Tr2nsfers Out Closing Balance 55.413 55,413 20,463 20,463 29,420 29,420 5,530 5,530 11 Debtors 2024 2023 Other debtcfs Prepayments Accrued in¢e 2,577 8,822 9,711 5.562 6.262 21,110 11,824 24
FISHPONDS BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 12 Creditors: amounts falling dug within on& y&ar 2024 2023 Other credtlors Accruals Deferr income 1,410 9,086 989 8.290 6.175 1.348 11,485 15,813 13 Movement in funds For the year ended 31 December 2024 At 1 January 2024 Income and Expenditure gains and105ses At 31 December Transfers 2024 Endowment funds Capital fund 268.950 268,950 Restrlcted funds Building fund HIA Hwse 1 HIA HcKJse 2 Access to Wk fund 8,473 17,130 23,043 28.970 15,194) 121,6121 (13.1961 (28,9701 3,279 14,0671 16,886 415 17,539 110,5(K)I 17.954 77,616 68,972 10,500 16,098 Unrestricted funds General fund Missionary fund Building fund Fixed Assets Support and Enrichment fund 145.785 47,3 314.705 1213,Wl 194,0941 153,332 47,350 85.000 309.724 3,670 85,0(X) 19,594 299.165 (9,0351 11201 3.7 492.300 318,495 222,219 10,5(K) 599.076 Total Funds 779.204 396,111 291,191 884,124 Endowment funds Capital fund - This rdates to the Iwo church manses. Restricted funds Building fund - This has be set up as the swrce of inccthe the re4evdq)menl of the Fishpcfflds Baptist Church buildings. This will include changes to the buiWing such as a Itft. new heating systems. etc. HIA House 1 (renamed from D Fund) - This fund has been establish to SUPFXXt the setup and (goIng work of empowering indmduals as they tranSrti< fr(xn h(xndessness, provKling them wrth stable h(yJsing and a suptxxtive community in our first Hope into Action house. The tenants are indivMYuJs ¥tho have overcume addICti]S and are now rebuilding their lives within the CQmUn[ty, suppCted by stable hQsing and meaningful [atships. 25
FISHPONDS BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 13 Movement in fuNl$ {¢ontin4pd) HIA House 2 (renam from V Fund} - This fund has establish1 lo suppc*t the setup and (gOIng work cl empowering indmduals as they transiti< fr(Kn hIneSSness. providing them wth stable h(MJsing and a SUPFXXtive community in our sec(nd Hope into Action hwse. The Iwanis are indNiduas who have overcune dl)n$ and are now rebuilding their lives within the communtty, Support by stable himjsing and meaningful relatShipS. A transfer of £10,5(K) was mwje fr(xn this fund in lieu of rent paid to the church, who cwn the buildinq. cess to Work Fu1.. This fund was set up to supp(xt the rM)st of Ministerial Assistant, fijndl by an Access lo Work Grant from the Department Wk and Pensi$ IDWP). Missionary Fund - These funds represent amcunls lo hdp the church undertake Missiary work. Investigations into the source of these funds confirm that there was no restriclKm maje these funds by the d((. and that the restriction was addj by the dea¢onale. The funds we [hwefe transferred lo a new designaled fund. Designated funds Missionary Fund - Investiga1K into ihe lgIna ¢Yath inlo this fund ¢(riMi that the fvnds wwe gwen wilhwl restricth)n, meaning the funds were incorrtty classtfi8J. The deaC¢S want&1 to reserve the funds for mission work, so the funds were transferred lo a designated fund during the year to recffjnise this. Fixed Assets- This fund represents the vdue of fix&1 &%sets, apart frL the manses which are held in the endowment fund. Funds representing the nel bcx)k vaue of the church's assets were transfu into this fund durino the year. Building Fund - This represents C(MitMent of free resetves 4ansl the cost of the re-deVdq)MI of the Fishwnds Baptist Church buildings, alongside that the restrict fund. HIA Support and Enrichment Fund - This fund is Ihe suptmyt and riChMt of the tenanls in the Hcye into Action houses. It is funded through datM$ lo the prqect and expendi(ure is man4ed through the Pr(y1 Lead and Steering Gr(p. For the year ended 31 Decembgr 2023 Al 1 January 2023 Income and gains Expenditure and losses At 31 December Transfers 2023 Endowment funds Capital fund 268.950 268,950 Restricted funds Building fund Missionary fund HIA Hwse 1 HoJse2 Access to Wryk fund 104.209 47.350 13011 13.966 12,TT6 1116,9851 147,3501 19,693 25,867 18.651 118,9771 (11,7941 118,6511 415 17.539 110,5001 165,224 76.987 49,422 174,835 17,954 Unrestricted fuNIs General fund Missionary fund Fixed Assets 238.400 276.817 1190,0821 1179,3501 47,350 306,835 145.785 47,350 299,165 {7,670) 238.41)0 276,817 197,752 174,835 492,300 Total Funds 672.574 353.804 247,174 779,204 26
FISHPONDS BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 14 Anatysis of net assets between funds Unrèstricted Designated General Funds Funds Endowment Funds Restricted Funds Total As at 31 December 2024 Tangible fix assets Other nel assets 268.950 309,724 136,020 578.674 305.450 16.098 153,332 268.950 16,098 445.744 153,332 884,124 Unrestricted Designated General Funds Funds Endowme Funds Restricted Funds Total As at 31 December 2023 Tangible fX assets Other nel assets 268.950 299,165 47,350 568.115 211.089 17,954 145,785 268,950 17,954 346,515 145,785 779,204 15 Related party transactions There are no translKS With trustees (rther rdat&l parties dher than those disCk)S as rUired by the SORP elsewhere in the financial Statents. 27