Kingswood Baptist Church
Trustees, Annual Report and
Financial Accounts for year
th
ending 30 September 2024
Charity Number: 1131656

KINGSWOOD BAPTIST CHURCH - Trustees, Report for the year ending 30 September 2024
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KINGSWOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
Contents
REFERENCE AND ADMINSTRATION DETAILS OF THE CHARITY, IT'S TRUSTEES, AND ADVISERS......
TRUSTEES, REPORT....................................................................,,...,...,...................
Objectives and Activities
a. Policies and objectives...........,...
b. Activities for achieving objectives.
c. Volunteers.........................................................................................
Achievements and performance..,,.,,..,.,,,..
a. Review of activities.
Financial review........................................................................................
a. Going concern..................................................................................
b. General, Building and Development and Enlarging our Tent Funds.
c. Reserves policy
d. Pensions...................................................................................................
e. Principal funding.......................
Structure, governance and management
a. Constitution,
b, Method of appointment or election ofTrustees...............................................
c. Organisational structure and decision making.
d. Risk management...........................
.10
e. Principal activities.
Plans for future periods,,,...,.,.,.,,.,..............................................................................................................
a. Future developments.
.10
.10
.10
Trustees, responsibilities statement
Report of the Independent Examiners to the Trustees and Members of K8C............................................... 12
Statement of f inancial activities for the yea r ended 30 September 2024 .
.13
li
Balance Sheet for Year Ending 30 September 2024.
Notes to the financial statements for year ending 30 September 2024..............................
.14
15
Accounting policies..................
15
Church activitie5 .
.16
Donations & legacies receipts .
16
Other trading activities.................
.16
Refund .
17
Investments........................
17
Other receipts..........................
Charity Management & Administration.....
Charity Running Costs
17
17
.17
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KINGSWOOD BAPTIST CHURCH-Trustees' Report for the year ending 30 September 2024
io.
Church House Running Costs..........................
.17
ii.
Church Organisation Costs.
.18
12.
Church Running Costs,.....................................
.18
13.
Cost of Services..............................................-
.18
14.
Employee Costs...,.
.18
15.
Grants..........................
.19
16.
Overseas Mission5........
.19
17.
Manse Running Costs.................
.19
18.
Ministerial Expenses
.20
19.
Other Running Costs.................
.20
20.
Training & Development..,.........................
Tangible assets - ana lysis of opening a nd closing carrying amounts.
Cash at bank in hand.............
.20
21.
.20
22.
.21
23.
Restricted Funds
.21
24.
Designated Funds..
Unrestricted Funds,.....,,,.................
.22
2S.
.22
26.
Pensions.
,22
27.
Children and youth clubs, accounts.............
,23
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KINGSWOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
REFERENCE AND ADMINSTRATION DETAILS OF THE CHARITY, IT'STRUSTEES, AND
ADVISERS.
Trustees
Paul Adams
Catherine Afedzie
Adrian Matthewman (resigned 20 June 2024)
Nathan Moore
Joel Oshoja
Julie Warner (appointed 29 February 2024}
Charity registered number
1131656
Address
Codenham Straight, Basildon, Essex SS16 5DH
Independent Examiners
Wilson Adu
Bankers
Barclays Bank, 19 Town Square, Basildon, Essex, SS14 IBD
Holding Property Trustees
The Baptist Cooperation Limited (Reg Charity No. 249635) Baptist House, PO Box 44, 129 Broadway,
Didcot, Oxfordshire, OXII 8RT.
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KINGSWOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
Kingswood Baptist Church
The Church is known as Kingswood Baptist Church, herein after known as 'KBC" It is an
unincorporated charitable association that is a Registered Charity with the Charity Commission for
England and Wales- registration number 1131656. It was established under a Trust Deed on 2,
October 1959 executed by the Baptist Union Corporation Limited, who is the Holding Trustee for
KBC'S property assets.
TRUSTEES, REPORT
The Trustees present their annual report together with the financial statements of KBC (the Charity)
for the year ended 30 September 2024. The Trustees confirm that the annual report and financial
statements of the charity comply with the current statutory requirements, the requirements of the
Charity's governing document and the provisions of the Statement of Recommended Practice
{SORP}, applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 2015),
Objectives and Activities
Kingswood Baptist Church is a fellowship of Christians committed to being and making disciples of
Jesus Christ. To achieve this we hold worship services, Christian teaching opportunities and various
outreach activities in the Basildon area and support other Christian organisations worldwide.
a. Policies and objectives
In setting objectives and planning for activities, the Trustees have given due consideration to
general guidance published by the Charity Commission relating to public benefit and in particular to
its supplementary public benefit guidance on the advancement of religion for the public benefit.
The Charity's objectives are..
The advancement of Christian faith according to the principles of the Baptist denomination.
The Church may also advance education and carry out other charitable purposes in the
United Kingdom and/or other parts of the world.
The trust deed states that the Custodian Trustees are required to permit the building to be used as
a place of worship for the service of Almighty God, as a place for the instruction of children or
adults, as a church hall or as a place for the promotion of other charitable purposes.
The trust deed also states that no person shall be entitled to become or remain a member save such
persons as hold the Deity of the Lord Jesus Christ and the authority of the Holy Scriptures and that
interpretation of them usually called evangelical and who have made a confession of faith in the
Lord Jesus Christ.
b. Activities for achieving objectives
In fulfilling its purpose, KBC engages in a range of activities whether on its own or with others that
vary from time to time with activities being initiated, expanded, or closed, as appropriate.
We seek to be a friendly and welcoming community, and anybody is able to attend our activities.
Our aim is to promote the Christian Gospel, and to reach out into the community by showing the
love of Jesus Christ in both word and deed, and to bring people into a closer relationship with Him
as living Lord,
Details of our activities can be found on the KBC'S webslte.. htt
kin
swoodba
tistchurch.co.uk
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KING5WOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
Having regard for the Charity Commissioner's guidance on public benefit, all our activities are open
to anyone who wishes to attend. Through our work we are providing a benefit to the public by..
the provision of KBC'S buildings and worship services, contributing to the spiritual and moral
education of children and young people (pre-school up to teenagers).
carrying out, as a practical expression of religious beliefs, opportunities to support,
encourage and walk with varying age groups through friendships and practical help where
possible.
providing comfort to the bereaved and less able.
providing Christians Against Poverty Money Courses to those facing financi31 hardship.
supporting the homeless with meals by working togetherwith local churches, via Project 58.7.
c. Volunteers
KBC relies heavily on volunteers to support our paid member of staff in the area of ministry, and
support to Finance and Administration Trustee. All the other activities in KBC including children and
youth work and general upkeep other thars cleaning of KBC is undertaken by volunteers,
Achievements and performance
Review of activities
KBC does not measure the success of its programme of activities in nurnerical and/or financial
terms, but in less tangible areas like friendship, fellowship and encouragement, The Trustees
recognise that these are difficult to measure but we look back on 2023-24 as a year of challenge,
new things and great encouragement.
We were once again able to hold several events beginning with our Christmas Pudding Drive and
Carol singing in the streets during December. In addition to the Pudding Drive being a great family
time together, we raised £78 for Barnabas Aid whom we also supported with our Christmas Day
offering so was able to present them with a total gift of £280.
Our over 505 group {Tuesday Jubilees) runs every Tuesday duringterm time. There are
refreshments each week, plus a different activity to watch or join in with (eg quiz, board games,
Scattergories, seated aerobics, darts, films, etcl.
The CTB Project 58.7 team have continued to provide meals to the homeless every Saturday night.
As at end of September our overall membership stands at 125, down on last year1144}. During the
year, three members were called home to glory, and whilst some left to worship elsewhere, we
were able to welcome eight new members into membership and the birth of three babies.
To help us to achieve our priorities, purpose and pursuits, so that we have space for worship and
growing followers of Jesus, we have continued to place a priorityon Sunday Gatherings and Small
Groups.
Firstly, in June we were joined by Steve Rouse at LICC, who led our church weekend on whole life
discipleship, and serving on our frontlines. We continued this focus and followed this up with a
Sunday teaching series on Frontline Sundays.
Secondly, we have revamped our small groups, relaunching new Growth Groups from September,
with every church member being assigned to a group, and with our first teaching series on
Fruitfulness on our Frontline, we continue to equipe and grow our people on their frontlines.
We continue to maintain and improve our estate. This year we have replaced the manse heating
and installed compliant railings and made a start on the internal redecorations in readiness for a
new minister. During the year we had to undertake church electrical repairs and fell a tree that was
potentially causing a subsidence issue with church house. We aregrateful to those who have
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KINGSWOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
maintained our grounds with regular grass cutting and those who maintain our flower beds in the
front of the church and church house. We have also benefitted attimes from a donor who has
arranged a professional garden team to maintain our hedges and bushes.
After completing our worship stage in 2022 and purchasing new projector and camera in 2023, this
year we have continued to seek to equip and develop a modern and functional worship area and
improve our live stream offering. We have replaced our existing sound system which had some
functionality that did not work and there were limitations on what we could do. We also replaced
our speakers and introduced some further improvements to both sound and visual for both in
house and online services.
It is Particularly encouraging to see a large number of young people involved in our worship and AV
team who are keen to learn and grow in using their gifts. They have proved to be such assets to the
team; committed and willing to give up their time to serve KBC- It's a privilege to be part of a
church that embraces the young people and provides a place where they can learn and grow and be
given opportunities to take part in big ways from a young age.
Financial review
a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. For this reason,
they continue to adopt the going concern basis in preparing the financial statements. Further details
regarding the adoption of the going concern basis can be found in the Accounting Policies.
b. General, Building and Development and Enlarging our Tent Funds
In summary we have:
Received our Gift Aid claim for the tax year ending April 2024 just over £31.3k.
Received interest on our savings over the year of £13,122.
Donated over £18k to the charities that we support each month, includes: BMS IBaptist
Missionary Society), Cry in the Dark, EARE Ministries (Harvest India), Wycliffe Bible
Translators- Wey people of Cameroon, LAMA (Life And More Abundantly) Ministries, and
Grace to Heal Izimbabwe Pastors). In addition, we have allocated grants to School Team
Ministry l£l,000}, Frontiers l£l,0001, Barnabas Aid1£5001.
Purchased a replacement sound desk and introduced some further improvements to both
sound and visual for both in house and online services.
Carried out improvements to our manse in readiness for occupancy of a new minister.
Received donations of nearly £26k for Enlarging our Tent.
Moved £70k from our General Fund and designated it a5 Enlarging our Tent.
KBC has continued during the year to financially support a number of charities, some of whom are
supporting individua15 abroad (World Vision, Grace to Heal, Cry in the Dark, EARE ministries, LAMA
ministries and Wycliffe Bible Translators) and some individuals closer to home (Project 58..7 and
Basildon Emergency Night Shelter).
We continue to tithe 15% of our general income limiting the grants to our regular charities to a total
£1.5k each month. During 2023-24 thi5 meant that over £18k was granted to those charities we
have regu5ar contact with. This approach means that any monthly tithe over £1.5k 15 set aside in the
Mission Fund for the World Mission Team and Leadership Team to decide how best to respond to
needs as they arise during the year. During the course of the year £3k has been donated from the
fund.
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KINGSWOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
We have over 83% of our monthly income gift aided. Which means that for every £100 donated to
KBC the government will give us an extra £25 and for the tax year2023-24, we received £33.3k. In
April 2024 we received our Gift Aid claim and based on donationswe received, this was split
between Enlarging our Tent (£4.8kl and General Fund1£26.5k).
During the financial year we received donations of nearly £26k for Enlarging our Tent. This was
boosted in June 2024, when as a result of our strong financial position the Leadership Team
designated £70k from the General Fund to the Enlarging our Tent Fund. We have therefore been
able to end the year with a combined total of over £312k.
With no paid minister for the financial year, we ended the year with a surplus of £50k and now have
cash General Funds of £89k.
A financial summary is prepared and circulated to all members each month and the Trustees meet
monthly, at which time, reports of the financial position are discussed.
c. Reserves policy
The Trustees aim to maintain unrestricted reserves, excluding fixed assets, of three months
unrestricted income as a buffer in case KBC suffers from an unexpected lack of income or increase
in its level of expenditure. The unrestricted cash reserves in 2024were £263,846 {2023.. £186,870},
which is satisfactorily above the target £36,000.
d. Pensions
The church is a participating employer within the Defined Benefit section of the Baptist Pension
scheme and has been making ongoing deficit payments to cover the costs of past service of its
employees within the scheme under a recovery plan.
On 30th June 2022 the Baptist Pension Scheme signed an agreement with the insurance company
Just Group I"Just"} to secure DB Plan members, pension benefits. Just are now providing financial
backing for all pensions provided through the Scheme's DB Plan and following this transaction, the
Scheme no longer has a shortfall.
e. Principal funding
The principal funding source of the Charity is the donations received by members of KBC
throughout the year.
Structure, governance and management
a. Constitution
The principal object of the Charity is the advancement of the Christian faith according to the
principles of the Baptist denomination. The Charity may also advance education and carry out other
charitable purposes in the United Kingdom and/or other parts of the world.
b. Method of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected under the
terms of the constitution adopted in June 2009.
New Trustees are proposed and seconded by the KBC'S members and then appointed if they gain
sufficient support from a ballot vote at a Special Church Meeting.
c. Organisational structure and decision making
The governing body of KBC is the board of Trustees, who are legally responsible for the governance
and management of KBC.
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KINGSWOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
The Trustees are responsible for setting strategies and policies and for ensuring that these are
implemented.
The KBC members, meeting consists of those in membership of KBC according to its constitution
and is responsible for all significant decisions, including appointment of Trustees (Elders and
Deacons), property transactions, and approval of the annual general budget, allocation of mission
fund and significant general fund expenditure.
Subject to certain conditions, such as appointment of the Minister and the calling of meetings, the
Trust Deed makes clear that the buildings are to be used under the direction and management of
the Church meeting and in accordance with the principles of the Baptist denomination.
KBC employs a part-time cleaner and part-time administration support worker (based in the KBC
office} to support the Treasurer, Secretary and the Leadership Team,
Members are kept abreast of the financial position with a monthly report.
We ended our last financial year with the departure of our senior minister. So, our search for an
associate minster to work alongside our senior minister was suspended. Instead, we developed,
agreed and published a profile to look for a senior minister. As this year draws to a close, it is true to
say that we have not been swamped with interest. But we are clear that this is not a'normal, job
advert, we seek God's anointed person, in His timing, and need to be active in preparing the way,
yet patient and prayerful.
Throughout the year we have sought to strengthen our Leadership Team, so it was encouraging
when Julie Warner was appointed as Elder on 29 February. However, sadly due to ill health, shortly
after his appointment, Adrian had to Step down as Church Secretary in June.
d. Risk management
All major insurable risks are subject to normal church's and employer's insurance. Contractual risks
are reviewed before being entered into to assess that they could not significantly impact upon KBC'S
ability to fulfil its objectives. An annual review of all area5 of risk is undertaken by the Trustees in
conjunction with staff and volunteers responsible for the area of activity.
e. Principal activities
KBC is a member of the Baptist Union of Great Britain and Eastern B3pt15t Association. KBC will
normally promote, encourage, support and advance the work of the Baptist Union, the Association
and BMS World Mission through prayer, through financial contributions and, where appropriate, by
making personnel available from the membership of KBC. When it is able KBC will also support local
Baptist and ecumenical gatherings,
Plans for future periods
a. Future developments
The Trustees are responsible for developing and presenting to KBC membership for approval,
strategies for the future direction of KBC, and for implementing those strategies, once adopted bv
KBC'S members.
KBC intends to continue with its activities in the coming year embracing possible new ventures as
God and our Ministers lead us.
On 3 December 2021, we shared the vision document for Enlarging ourTent, inviting the fellowship
to pray with a listening heart and share comments and feedback. Since then, we have set aside
times when we came together to ask questions, pray together and listen to one another so that as
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KING5WOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
plans take shape they are owned and carried by the whole church. Our Sunday Evening Prayer
gatherings have provided a strong focus for seeking God's will.
Following our focus day in September 2022 on Enlarging our Tent and the feedback received, since
October 2023, a small team have been developing ideas and plans for extending the building, based
on terms of reference agreed at our church meeting in November 2023. In June 2024 the
membership agreed to formally appoint an architect who had been working pro bono with the
premises group since April. The group presented some concept designs to the members at our
September church meeting. Having now reached a significant financial milestone of raising over
£300k for Enlarging our Tent, we hope that at our church meeting in February 2025 we can agree a
concept plan which can then be used to start to develop detailed designs, undertake a full survey
and draw up plans for further discussion.
We have been greatly blessed as a fellowship in the last year and continue to try and live out our
pursuits and embed our 4Ps. We want to be a place where we can Erow in loving and living for Jesus
and make space to lead others to Him.
Trustees, responsibilities statement
The Trustees are responsible for preparing the Trustees, report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial
statements for each financial year which give a true and fair view of the state of affairs of the
Charity and of the incoming resources and application of resources of the Charity for that period. In
preparing these financial statements, the Trustees are required to..
select Sultable 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,.
prepare the financial statements on a 'going concern, basis unless it is inappropriate to
presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and
explain the Charity's transactions and disclose with reasonable accuracy at any time the financial
P051tion 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 deed. 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 other irregularities.
This report was approved by the Trustees on 2 June 2025 and signed on their behalf by:
than Moore
Chair of Trustees
Paul Adams MBE
Treasurer
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KINGSWOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
Report of the Independent Examiners to the Trustees and Members of KBC
Charity number,.
1131656.
On accounts for the Year Ended:
30 September 2024.
Set out on pages.. 13- 23.
Respective responsibilities of Trustees and Examiner
The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees
consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the
Charities Act} and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the General Directions given by the Charity
Commission (under section 14515llb) of the Charities Act, and
to state whether particular matters have come to my attention.
Basis of Independent Examiner's statement
My examination was carried out in accordance with General Directions given by the Charity
Commission, An examination includes a review of the accounting record5 kept by the Charity and a
comparison of the accounts presented with those records. It also includes consideration of any
unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning
any such matters, The procedures undertaken do not provide all the evidence that would be
required in an audit, and consequently no opinion is given as to whether the accounts present a
'true and fair, view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
which gives me reasonable cause to believe that in, any material respect, the requirements..
to keep accounting records in accordance with section 130 of the Charities Act,
to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the Charities Act have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of
the accounts to be reached.
Signed.,
Date..
Name..
Address..
12Ju
Wilson Adu
57 Sparrows Herne,
Basildon, Essex, SS16 5HW
Relevant professional qualificationls} or body lif any)
FCCA- 1433487
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KINGSWOOD BAPTIST CHURCH-Trustees' Report for the year ending 30 September 2024
Statement of financial activities for the year ended 30 September 2024
Unrestricted
Restricted
TOTAL
Funds
Funds
2024
TOTAL
2023
Restated*
note:
Income
Church activities
Donations and legacies
Other trading activities
Refund
Investment income
Other receipts
1,077
154,721
658
435
13,122
391
1,077
180,746
658
435
13,122
391
704
191,720
339
26,026
7,290
2,565
Total
170,403
26,026
196,429
202,618
Expenditure
Charity Management &
Administration
Charity Running Costs
Church House Running
Costs
Church Organisation Costs
Church Running Costs
Cost of Services
Employee Costs
Grants
-6,247
-6,247
-15,264
-2,291
-1,551
-2,291
-1,551
-1,821
-757
10
11
12
-7,178
-13,288
-3,941
-15,371
-8,786
-11,650
-5,691
-26
-2,249
-1,696
-50
-7,228
-13,288
-3,941
-15,371
-9,056
-11,650
-5,691
-26
-2,249
-1,696
-3,679
-11,838
-1,084
-49,225
-9,696
-13,713
-9,314
-1,018
-2,341
-804
13
14
15
-270
Overseas Missions
Manse Running Costs
Ministerial Expenses
Other Running Costs
Training & Development
16
17
18
19
20
Tota I
-79,964
-320
-80,284
-120,554
Net Income /
{expenditure}
90,439
25,706
116,145
82,065
Totals funds brought
forward
Total funds carried
forward
783,654
124,214
907,868
825,803
874,093
149,920
1,024,013
907,868
2023. Restated figures are restated inline with the new reporting format adopted in 2024.
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KINGSWOOD BAPTIST CHURCH-Tru5tees' Report for the year ending 30 September 2024
Balance Sheet for Year Ending 30 September 2024
Total Funds
2024
Total Funds
2023
note:
Fixed Assets:
Tangible assets
21
610,246
590,710
Totalfixed assets
610,246
590,710
Current assets:
Cash at bank in hand
22
413,766
317,158
Total current a55ets
413,766
317,158
Total net assets or liabilities
1,024,012
907,868
Charity Funds
Restricted Funds
Restricted Funds
Unrestricted Funds
Designated Funds
Unrestricted Funds {include fixed assets)
Total unrestrictedfunds
23
149,920
124,214
24
25
174,567
699,526
874,093
100,669
682,985
783,654
Total charity funds
1,024,012
907,868
The notes on pages 15 to 23 form an integral part of the accounts.
Nathan Moore
Chair of Trustees
Paul Adams MBE
Treasurer
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KINGSWOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
Notes to the financial statements for year ending 30 September 2024
l. Accounting policies
1.1 Basis of preparation of financial statements
The accounts are prepared in accordance with the Charities Statement of Recommended Practice (Charities
SORP 20211, FRS102 a nd with the Charities Act 2011. Kingswood Baptist Church is a registered cha rity, no
1131656 and meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially
recognized at historical cost or transaction value u nless otherwise stated in the relevant accounting pol icy
notes.
1.2 Donations and Legacies
Donations are accounted for gross when received. Fixed asset gifts in kind are recognized when receivable
and are included at fair value. Legacies are accounted for when probate ha5 been completed, the amount of
the legacy can be reliably quantified a nd the conditions of the legacy are within the control of the church.
1.3 Investment Income
Investment income is included in the accounts in the year in which it is receivable.
1.4 Fund raising and publicity costs
The church does not make formal appeals for funds, and expenditure on these items is therefore not
material.
1.5 Grants payable
The church makes grants to other organisation whose charitable objects complement its work. They are
accounted for when the recipient has been notified of the grant and payment is unconditional.
1.6 Governance and support costs
Support costs are those that assist the work of the chu rch but do not directly represent charitable activities
a nd incl ude office costs a nd governance cost. Where support costs cannot be di rectly attributed to particular
headi ngs, they have been allocated to the cost of raisi ng funds and expenditure on charitable activities on a
basis consistent with the use of resources, This represents direct expenditure on the governance of the
church. Most of the management is carried out without charge by volunteers. This intangible cost is not
included in the Statement of Fi nancial Activities since there 15 no measurable cost to the vol unteers for their
service.
1.7 Fixed Assets
Ta ngible fixed assets are capital ised if they can be used for more than one year and cost at least £1,000. They
are i nitia Ily recognised at cost, or for donated assets, at a reasonable esti m3te of their value on receipt.
There is no reliable information available for the cost of the church premises and so on first time adoption of
FRS102, the insurance value used previoLssly was adopted as deemed cost.
1.8 Depreciation
Depreciation is provided on all fixed assets, other than f reehold land, to write off the cost on a straight-line
basis over their expected useful life, at the following rates..
Furniture, fittings, computers and equipment 33%
1.9 Investment Assets
I nvestm ents are i nitia 51y stated at cost. Subsequently they are measured at fai r value with changes
recognized in the Statement of Financial Activities if the shares are publiclytraded or their fair value can
otherwise be measured reliably. All other investment assets are shown at cost le55 impairment.
1.10 Funds
Unrestricted funds are available for use at the d15cretion of the trLffiStees in furtherance of the general
objectives of the charity and which have not been designated for other purposes.
Designated f unds comprise unrestricted f unds that have been set aside by the trustees for specific purposes.
The aim and use of each designated fund is set out in the notes to the financial statements.
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KINGSWOOD BAPTIST CHURCH-Trustees' Report for the year ending 30 September 2024
Restricted f unds are fu nds which are to be used i n accordance with specific restrictions imposed by donors or
which have been raised by the charity for specific purposes. The cost ofraisingand administering stjch funds
are charged against the specif ic f und. The aim and use of each restricted f und is set out in the notes to the
financial statements.
Endowment funds represent those assets which must be held permanently by the charity. Income arising on
the endowment funds can be used in accordance with the objects of the charity and is included as
unrestricted income. Any capital gains or losses arising on the investments form part of the f und. Investment
management charges and legal advice relating to the fund are charged against the fund.
1.12 Employee benefits (Pensions)
KBC operates a def ined contribution plan for its employees. A def ined contribution plan is a pension plan
under which the charity pays fixed contributions i nto a separate entity. Once the contributions have been
paid the cha rity has no further payments obligations. The contributions a re recognised as an expense when
they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held
separately from the charity in an independently administered fund.
Prior to 2012 pension provision was made through multi-em ployer defined benefit pension plans. Where it is
not Possible for the charity to obtain sufficient information to enable itto account for a plan as a defined
benefit plan, it accounts for the plan as a defined contribution plan.
Where the plan is in deficit and where the charity has agreed, with the plan, to participate in a deficit funding
arrangement, the charity recogn ises a l ia bi lity for this obl igation. The amount recognised is the net present
value of the contributions payable under the agreement that relate to the deficit. The unwinding of the
discount is recognised as a finance cost and any other change in the measurement of this liability is expensed
to the Statement of Financial Activities.
1.13 Rounding
All individual figures and totals are rounded to the nearest British Pound. Any discrepancies between the
individual rows and totals or the value of monetary assets and liabilitie5 is a result of the rounded values. The
totals of each entry and the value of the assets are the more accurate figures.
2. Church activities
Unrestricted
927
150
Restricted
2024
927
150
2023
704
CTB Project 58..7
Wedding and Funerals
Total
1,077
1,077
704
3. Donations & legacies receipts
Unrestricted
117,142
37,299
280
Restricted
19,149
6,439
270
168
2024
136,291
43,738
550
168
2023
160,928
30,792
Cash Collections & Donations
G ift Aid Ref unds
Special Collections
Sundry donations
Total
154,721
26,026
180,746
191,720
4. Other trading activities
Unrestricted
Restricted
2024
2023
75
264
Car Park Fee
Hall Hire
653
653
Tota5
658
658
339
Page 16 of 23

KINGSWOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
5. Refund
Unrestricted
435
Restricted
2024
2023
Refund
435
Total
435
435
6. Investments
Unrestricted
13,122
Restricted
2024
13,122
2023
7,290
Bank Interest
Total
13,122
13,122
7,290
7. Other receipts
Unrestricted
56
335
Restricted
2024
56
335
2023
2,565
Other
Insurance Claims
Total
391
391
2,565
8. Charity Management & Administration
Unrestricted
21
Restrlcted
2024
21
4,855
1,371
2023
Bank Charges
Depreciation
Professiona l Fees
Other
4,855
1,371
1,494
1,464
12,306
15,264
Total
6,247
6,247
9. Charity Running Costs
Unrestricted
453
Restricted
2024
453
1,117
721
2023
429
761
Broadband & Telephone linc mobiles)
Office IT a nd systems
Printing & Stationery Costs
1,117
721
631
Total
2,291
2,291
1,821
10. Church House Running Costs
Unrestricted
1,188
69
266
Restricted
2024
1,188
69
266
2023
524
Church House Electricity & Gas
Church House Fabric Repairs and Maintenance
Church House Water & Sewage
Security a larm (chu rch house)
233
27
27
Total
1,551
1,551
757
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KINGSWOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
11. Church Organisation Costs
Unrestricted
Restricted
2024
2023
1,311
40
Catering
Evangelism
Kitchen Supplies
Children & Youth
Pastoral
Public Worship
Social Action
Teaching & Training
World Mission
227
1,063
42
227
151
1,063
92
1,732
713
3,021
379
259
176
243
50
1,732
713
3,021
379
978
521
Total
7,178
50
7,228
3,679
12. Church Running Costs
Unrestricted
5,866
4,407
2,177
141
501
Restricted
2024
5,866
4,407
2,177
141
501
196
2023
2,125
5,394
2,146
75
431
1,667
Church Electricity & Gas
Church Fabric Repairs and Maintenance
Church Insurance Costs
Church Water & Sewage
Cleaning materials
Security alarm Ichurchl
196
Total
13,288
13,288
11,838
13. Cost of Services
Unrestricted
150
71
124
3,597
Restricted
2024
150
71
124
3,597
2023
Cost of Services
Communion
Interim Moderator's expenses
Pulpit Supplv
1,084
Total
3,941
3,941
1,084
14, Employee Costs
U nrestricted
15,359
12
Restricted
2024
15,359
12
2023
Payroll Costs
Pensions
49,213
12
Total
15,371
15,371
49,225
Average number of employees during the year.. 2
No employee received emoluments in excess of £60,000 during the year12023 - none)
No payments were made to the Trustees for their work as Trustees12023- none). Trustees were reimbursed
for purchases, supported by receipts, made on behalf of KBC for KBC activities. These are not considered
benefits and are not included here.
Page 18 of 23

KINGSWOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
KBC is heavily reliant on its membership serving as volunteers in all aspectsof leadership and KBC activities,
many of which run with minimal impact on KBC'S expenditure, but nevertheless contribute substantially to
the achievement of K8C's objectives.
Payments to Trustees
Direct payments to employees'.-
Paul Adams M8E, Office Manager and support to Trustees, £12,479 (excludes employer NICI. The
appointment to office manager and support to Trustees was via an open competition and prior to his
appointment as Trustee. An employment contract is in place for 16 hours per week and he receives
remuneration in accordance with this.
David Barnes, cleaner, £3,911 {excludes employer NICI. An employment contract is in place for 6 hours per
week and he receives remuneration in accordance with this.
Payments to individuals / companies / organisations / charities with which a Trustee has an interest. None.
The Church pays pension contributions for its Minister to the Baptist Ministers Pension Trust Limited, which
is a f inal sa lary def ined benefit scheme, which is not contracted out of the State second pension. The scheme
is a multi-employer scheme, and it is not possible to identify the assetsand liabilities of the scheme which
are attri butable to the chu rch. Therefore, in accordance with FRS102 Section 28, the scheme is accounted for
as a defined contribution scheme.
15. Grants
Unrestricted
6,000
2,786
Restricted
2024
6,000
3,056
2023
BU Home Mission
Other Charity Societies
6,000
3,696
270
Total
8,786
270
9,056
9,696
16. Overseas Missions
Unrestricted
6,000
1,200
850
1,200
1,200
1,200
Restricted
2024
6,000
1,200
850
1,200
1,200
1,200
2023
6,000
1,200
2,413
1,700
1,200
1,200
BU BMS World Mission
Cry in the Dark- Romania
EARE- India
Grace to Heal Izim Pastors)
Lama Ministries
Wycliffe Bible Translators
Total
11,650
11,650
13,713
In the opinion of the managing trustees no grant has an expectation ofluture funding as these commitments
are agreed by KBC annually and may be withdrawn at any time.
17. Manse Runnin8 Costs
Unrestricted
Restricted
2024
2023
2,019
3,313
2,197
547
824
414
Manse Council Tax
Manse Electricity, & Gas
Manse Fabric Repairs and Maintenance
Manse Insurance Costs
Manse Telecoms linc Broadband)
Manse Water & Sewage
Security alarm Imansel
456
3,527
1,177
456
3,527
1,177
395
136
395
136
Total
5,691
5,691
9,314
Page 19 of 23

KINGSWOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
18. Ministerial Expenses
Unrestricted
18
Restricted
2024
2023
M inisterial Expenses
Ministerial Expenses- Travel
18
1,018
Total
26
26
1,018
19. Other Running Costs
Unrestricted
56
1,114
36
1,043
Restricted
2024
56
1,114
36
1,043
2023
M iscella neous Expenditures
Music Licence
Publicity and Adverts
Subscriptions & Membership
188
1,028
52
1,073
Total
2,249
1,099
2,341
20. Training & Development
Unrestricted
1,696
Restricted
2024
1,696
2023
804
Training & Development
Total
1,696
1,696
804
Adm inistration Churchsuite fee a nd website fee,. ba nk charges for international payments
Legal & Professional - Architect fees
21. Tangible assets- analysis of opening and closing carrying amounts
freehold land
Fixtures,
and buildings
f ittings and
equipment
Total 2024
Total 2023
Cost or valuation
At beginning of year
Additions
Disposals
Reclassification I'l
£582,182
£36,916
£24,392
£619,098
£24,392
£604,707
£15,885
-£1,494
-£1,382
£1,382
£0
At end of year
£580,800
£62,690
£643,490
£619,098
Depreciation and impairments
At beginning of year
Charge for the year
Disposals
£28,388
£4,855
£28,388
£4,855
£16,082
£12,306
£0
At end of the year
£0
£33,243
£33,243
£28,388
Net book value at beginning of year
£582,182
£8,528
£590,710
E588,625
Net book value at end of the year
£580,800
£29,447
£610,247
£590,710
I l Reclassification relates to fixtures error wrongly classed as building5 in 2019.
Page 20 of 23

KINGSWOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
Al l of the f ixed assets are used for direct charitable purposes.
The Baptist Union Corporation Limited is the Custodian Trustee and f reehold owner lin trust for KBC, who act
as Managing Trusteesl of the church premises and the two manses.
The value of the KBC premises at Codenham Straight has not been assessed since it W3s purchased in 1959
for £800. A reinstatement cost assessment was undertaken in January 2013, when it was assessed at
£943,000. The insurance value as at September 2021 is £1,515,792.
Manse I, used as an office and children's meeting center- revalued at £285k as at 31 August 2017, based on
local estate agent va luation,
Manse 2, occupied by Senior Minister- purchased on the open market at £210,000 in September 2013 and
revalued at £295k as at 31 August 2017, based on local estate agent valuation,
22. Cash at bank in hand
2024
2023
Barclays Bank
BU Corporation - 7 day deposit account
BU Corporation - 3 month deposit account
23,766
60,000
330,000
17,158
60,000
240,000
Total
413,766
317,158
23, Restricted Funds
01-Oct-23
Receipts
25,756
Payments
Transfers
30-Sep-24
148,355
448
Enlarging our Tent Fund
Pastoral Support
Tuesday Jubilees (Tesco bags)
Children & Youth
Cost of Livi ng Crisis
122,599
448
306
306
311
311
550
-50
500
Total
124,214
25,756
-50
149,920
KBC has one main restricted fund, our Enlarging our Tent Fund, but others are created as the need arises if
restricted gifts a re received.
The remit ofthe Enlarging our Tent Fund, which had been agreed as..
'COSts t75Socicited with developing our current estote (site) os we grow our buildingfootprint to make more
physical space to (3ccommodote people,, this specifically includes but is not restricted to costs relating to..
Design, Planning, Building
o Internal fittings eg, decorating and equipping the space
Legacies fu nd - Whil st occasionally legacies are given for a specific purpose they are usually given for the
work of the Church. However, the Church Meeting votes to decide al that the legacy be kept separate from
the normal income until b} a decision is made a5 to what purpose the legacy will be used for.
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KINGSWOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
24, Designated Funds
01-Oct-23
Receipts
Payments
Transfers
70,000
30-Sep-24
164,596
9,971
Enlarging our Tent Fund
Mission fund - Grant paym'ts
94,596
6,073
24,073
-20,175
Total
100,669
24,073
-20,175
70,000
174,567
The charity holds a number of designated funds that represent donations for pa rticular areas of charity work
or specif ic projects undertaken. The purposes of the f unds held are as lol lows..
Enlarging our Tent Fund - Funds set aside by the Trustees to be used specifically for its purpose - see
Restricted Funds section.
Mission Funds - in addition to some specific and restricted gifts received towards charitable organisations,
KBC Trustees set aside 15Yo of their income Itithel forthe Mission Fund. The individual monthly grant
allocations a re ca pped at £1,500pm with any 'excess' tithe to be distributed by the World Mission Team.
This su pports the following charities:
0 1131£500pml to Baptist M issionary Society
1131£500pml to Home Mission {Baptist Union)
The remaining 113 is split equally lie £IOOpm each) to..
o Cry in the dark- Romania
o EARE Ministries- India
o Grace to Heal (Zimbabwe Pastors)
o LAMA Ministries
o Wycliffe Bible Translators
The World Mission Team will make grant payments to charities on an as and when basis from the remaining
funds held in the Mission Fund.
25. Unrestricted Funds
01-Oct-23
92,275
590,710
Receipts
146,329
24,392
Payments
-79,324
.4,855
Transfers
-70,000
30-Sep-24
89,280
610,246
General Fund
Properties and f ixed assets
Total
682,985
170,720
-84,179
-70,000
699,526
26. Pensions
The Church is a participating employer the Baptist Pension Scheme I'the Scheme"), which is a separate legal
entity administered by the Pension Trustee (Baptist Pension Trust Limitedl. The assets of the Scheme are
held separately from those of the Employer and the other participating employers.
The Scheme, previously known a5 the Baptist Ministers, Pension Fund, started in 1925, but was closed to
f uture accrual of def ined benef its on 3 1 December 2011. Prior to this date the main benef it provided through
the Defined Benefit IDBI P13n was a pension of one eightieth of final minimum pensionable income for each
year of pensionable service together with additional pension in respect ofpremiums paid on Pensionable
Income in excess of Minimum Pensionable Income.
From January 2012, pension provision is being made through the Defined Contribution (DCI Plan within the
Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6Yo of members,
Pensionable Income into individual pension accounts, which are operated and managed on behalf of the
Pension Trustee by Broadstone Corporate Benefits Ltd. In addition, the employer pays a further 4Yo of
Page 22 of 23

KINGSWOOD BAPTIST CHURCH- Trustees, Report for the year ending 30 September 2024
Pensionable Income to cover Death in Service Benefits, adm inistration costs, and an associated insurance
policy which provides income protection for Scheme members if they are unable to work due to long-term
incapacity. This income protection policy has been insured by the Bapt15t Uniori of Great Britain with Aviva
Limited.
The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. Because it is
not possible to attribute the Scheme's assets a nd liabilities to specif ic em ployers, the scheme is accounted
for as if the Scheme were a defined contribution scheme. The Ministerlsl and some members of the church
staff are eligible to join the Scheme.
27. Children and youth clubs, accounts
The following figures las at 30.9.241 are the balances held by the children and youth clubs and other activities
of KBC. However, these accounts are not managed by KBC Trustees and are included for ir)formation onlv.
FABGABS on Friday- £911.10
Encounter- £152.45
Raindrops £277.34
Tuesday Jubilees - £786.10
Page 23 of 23