Charlty registratlon number 1131955 (England and Wales) QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees S Hearle M Jackson G Corker T Fisher P Verrall M Hooper R Corker N L Jones C George C Matthewman T Jameson (Appointed 25 September 20241 (Appointed 25 September 20241 (Appointed 25 September 2024) A Hooper S Boyce Charlty number (England and Wales) 1131955 Prlnclpal address 2 Queens Road Broadstairs Kent CT10 1NU Independent examlner Mark Hurdman BA{hons) FCA 3 Lloyd Road Broadstairs Kent CT10 1HY
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH CONTENTS Page Trustees, report Statement of trustees, responsibilities Independenl examinerfs report Slalement of financial activities Balance sheet Notes to the financial slalements 8-16
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Irustees present their annual report and financial statements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies sel out in nole 1 to thè financial slalements and comply with the charity's governing doGument, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effectivè 1 January 2019}. Objectlves and actlvitles Summary of the purposes of the charfty as set out in its govemlng document The principal purpose of the Church is the advancemenl of the Christian faith according to the principles of the Baptist denominalion. The Church may also advance education and carry out olher charitable purposes in the United Kingdom andlor other parts of the world. Summary of the maln actlvitles In relation to those purposes In fulfilling the Purpose the Church will engage in a range of aclivilies either on ils own or with others that will vary from time lo lime with activities being initiated. expanded, or closed, as appropriate. The activities may include but are not Teslricted lo.. Regular public worship, prayer. Bible study. preaching and leaching., Baptism, as defined in the Union's Declaration of Principle.. The Communion of the Lord's Supper which shall normally be obseNed al leasl once a month., Evangelism and mission, lo¢ally, regionally, nationally and internationally,. The leaching, encouragement, welcome and inclusion of young people., Nurture and growth of Christian disciples., Educalion and training for Christian and community seMCe', Giving and encouraging charitable social action in the United Kingdom and abroad; Encouraging relationships with and supporting Baptists and other Christians. Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what adivities the charity should undertake. Contribution made by volunteers Apart from 6 staff the church Telies totally on volunleers. We have access to 300+ volunteers many who give large amounts of time to the church activities.
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlevements and perforniance Significanl aGtivilies and achievements against objectives Summary of the main a¢hievements of the charity, identifying thè difference the charity's work has made to the circumstances of its beneflclarie$ and any wider benefits to society as a lvhole. The provision of worship and teaching for a church wide community of approximately 400 people and additional numbers whom have engaged with streamed services. leaching and daily devotions. This includes services each Sunday, mid-week prayer and services, mid-week small group studies and dis¢ipleship groups. 'Addilional social and support groups for different demographics across the OTganisation. The provision of activities and relevant worship and teaching for 40 children (0-10) and 25 young people {11-18) creating an environment where they can explore the Christian faith. This includes Sunday and mid-week activities and some residentials and trips. The starting of a new work creating space for family discipleship. The continued work in partnership with the Gap Projecl. which is based onsile, together providing on-going support for people in the wider ¢ommunily. This partnership enables the building lo be open seven days a week allowing 1000 people plus, ages 0-90+ to engage in a variety of activities and groups. Continued work in partnership with Global Challenge providing financial and spiritual support lo partner churches in Northern Uganda and associated projects, 109elher with supporting a Secondary School for children who otherwise would have no access to education as well as practical support and education for children and adults with physical, emotional and learning needs. The provision of pastoral support and spirilual guidance to both the church attendees and the wer cornmunily in the building and with appropriate home visiting. The provision of opportunities for thanksgiving I dedication of children. baptism. marriage, funeral services so that people can be supported and mark these ¢riti¢al times in their lives. ' Acts of Worship in local schools and Residential Homes. On-site team of adminislralors and Caretaker working with a management group, ensure the maintenance and effeivenesS of the building. Perforniance of fundralslng actlvltles agalnst obje¢tives set An annual budget is set by the finance team, agreed by both the Trustees and adopted by the church meeting. The giving of the community was in line with budget expeclalions. Financlal revlew During the period, there was nel increase of charity funds of over £60,000. ResgNes policy The Church aims to retain £50.000 to cover future oulgoings. Structure. governance and management Type of governing document Constitution How Is the charity constituted? Unincorporated associalion
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who sepied during the year and up to the dale of signature of the financial statements were.. S Hearle M Jackson G Corker T Fisher P VeTrall M Hooper R Corker N L Jones C George C Malthewman T Jameson A Hooper S Boyce (Appoinled 25 Sepiember 2024) (Appoinled 25 September 2024) (Appointed 25 September 2024) Recruitment and appointmenl of trustees The Church Members, Meeting shall appoint Charity Trustees lo be responsible for the governance of the Church and where there is a Minister that person is a Charity Trustee because of their role and responsibilities. Subject to any specific or general directions of the ChLJrch Members, Meeting and the provisions of 9.2 the control management and administration of the Church shall be by the Charily Trustees, save that the Charity Trustees are not required lo do anything ihal would cause them lo be in breach of this Conslilution or any trust* duly placed upon them as a result of this role. The trustees, report was approved by the Board of Trustees. S Hearl Tru$t8e Dale..
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Iruslees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accoijnling Standards (United Kingdom Generally Accepted Accounting Practice). The law applirAble lo Charities in England and Wales requires the trustees lo prepare financial statements for each financial year which give a IruÈ 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 year. In preparing these financial slatements. the trustees are required lo.. select suitable accounting policies and then apply them consistently, observe the methods and principles in the Charities SORP., make judgemenls and estimates Ihat are reasonable and prudent., stale whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial slalements., and prepare the financial slalemenls on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The trustees are responsible for keeping sufficient ac¢ounling records that disclose wilh reasonable accuracy al any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions ol 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.
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF QUEENS ROAD BAPTIST CHURCH BROADSTAIRS I report to the Iruslees on my examination of the financial statements of Queens Road Baptist Church Broadstairs (the charity) for Ihe year ended 31 December 2024. Responsibilities and basis of report As the trustees of the Gharily you are responsible for the preparation of the financial slatements in a¢cordan¢e wilh the requirements of the Charities Act 2011. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Dire¢tions given by Ihe Charity Commission under section 14515llb} of the 2011 Act. Independent examlnerfs statoment Since the charity's gross income exceeded £250,000, the independent examiner musl be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified lo undertake the examination because l am a member of the Institute of Chartered A¢¢ountanls in England and Wales IICAEW). which is one of the listed bodies. I have completed my examination. I confirm that no matters have Come lo my attention in connection with the examinalion giving me cause to believe that in any material respect.. a¢counling records were not kept in respect of the charity as required by section 130 of the Charities Act 2011. the financial statements do not accord with those records., or the financial statements do not comply with Ihe applicable requirements cOnrning the form and content of financial slalemen15 Set out in the Charilies (Accounts and Reports) Regulations 2008 other than any requirement Ihal the financial statements 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 sh Id be drawn in this report in order lo enable a proper understanding of the financial statements lo be reached. Mark Hurdman BA(honsl FCA 3 Lloyd Road Broadslairs Kent CT10 1HY Date.. e-*lioILol
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies 417.590 {15,636) 401,954 268,055 45,018 313,073 Total income 417,590 (15,636) 401,954 268.055 45.018 313,073 Expenditure on: Charitable activities Other expenditure 325.145 2,406 10,377 335,522 2,406 269,216 42,688 311.904 Totsl expènditure 327,551 10,377 337,928 269,216 42,888 311,904 Nèt Incomellexpendlture} and movement in funds 90,039 (26,0131 64,026 11 1611 2.330 1.169 ReGon¢lllatlon of funds: Fund balances at 1 January 2024 1.253,600 38,815 1.292,415 1.254,761 36,485 1,291,246 Fund balances at 31 December 2024 1,343,639 12,802 1,356,441 1,253,600 38,815 1,292,415 The slatemenl of financial aclivities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Flxed assets Tangible assets 10 1.270,512 1,265,575 Current assets Debtors Cash at bank and in hand 11 16.636 91,416 15.208 442,725 108,052 457,933 Credltors: amounts falling due within one year 13 (22,123) (358.664> Net current assets 85.929 99,269 Total assets le$8 current Ilabllltles 1,356.441 1,364,844 Credltors: amounts falling due after more than one year 14 172,429) Net a$$ets 1,356,441 1,292,415 The funds ofthe charity Restricted income funds Unreslricled funds 16 17 12,802 1,343.639 38.815 1,253.600 1,356,441 1,292,415 The financial statements were approved by the trustees on . Trusteè
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles Charity inforntIon Queens Road Baptist Church Broadstairs is a public benefit entity and a registered charity in England and Wales and is unincoTporated. The address of the principal office is 2 Queens Road, Broadslairs. Kent CT10 1NU, UK. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's goveming documenl. the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" The charity is a Publi¢ Benefit Entity a5 defined by FRS 102. The charity has taken advantage of the Provisions in the SORP for Charities not to prepare a stalwnent of cash flows. 1.2 Going concern Al the lime of approving the financial slalemenls, the Irustees have a reasonable expectation that the ¢harily has adequale resources to conlinue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statèments. 1,3 Charltable funds Unrestricted funds are available for use al the discretion of the Ifustees in furtherance of their charitable objectives. Restricted funds are subject lo specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the restricled funds are set oul in the notes to the financial slalemenls. Endowmenl ftjnds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Incomo Income is recognised when the charity is legally enlilled to it after any performance condilions have been met, the amounts Can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfoimance conditions require deferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent assel.
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit to a third party, it is pmbable that a transfer of economi¢ benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lolal of dir1 costs and shared costs, in¢luding support costs involved in undertaking each activity. Direct costs altribulable to a single activity are allocated directly lo that activity. Shared costs which contribute to more than one activity and support costs which are not attribulable lo a single activity are apportioned between those a¢livitres on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allo¢aled on the portion of the asset's use. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequenlly measured at cost or valualion. nel of depreciation and any impaimienl losses. Depreciation is recognised so as to write off the Cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Leasehold improvements Fixtures and fittings Equipment 50 Years 5 Years 3 Years 3 Years The gain or loss arising on the disposal of an assel is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities, 1.7 Impalmient of fixed assets Al each reporting end date. the charity reviews the carrying amounts of its tangible assets to delemiine whether there is any indication that those assets havè suffered an impairment loss. If any such IndatIOn exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call wilh banks, other short-term liquid inveslmenls with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabililies. 1.9 Financial Instrumonts The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial inslrumenls. Financial instruments are recognised in the charity's balance sheel when the charity becomes paty to the conlfactual provisions of the instrument. Financial assets and liabilities are offset, wrth the net amounts presented in the financial slalements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liabilily simultaneously.
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounting policies (Continued) Basic financial assets Basic financial assets, which include debtor5 and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using Ihe effective interest method unless the arrangement conslilules a financing transaction. where the Iransadion is measured at the present value of the future receipts discounted al a market rate of interest. Financial assets Classified as receivable within one year are not amortised. Baslc flnan¢lal liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al Iransaclion price unless the arrangement conslilutes a financin9 Iransaclion, where the debt instrument is measured at the present value of the future payments discounted al a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rale method. Trade creditors are obligations lo pay for goods or Services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are ¢la$5ified as current liabilities if payment 15 due within one year or less. If nol. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Dern¢ognition of financlal liabilltles Financial liabilities are derecognised when the ¢harity's contractual obligations expire or are discharged or cancelled. 1.10 Employoe beneflts The cost of any unused holiday enlitlemenl is recognised in the period in which the employee's SeICe5 are received. Termination benefits are recognised immediately as an expense when the ¢harily is demonstrably committed to lemiinate the employment of an employee or lo provide termination benefits. Crltlcal accountlng estimate$ and Judgements In the applicalion of the charity's accounting policies, the trustees are required lo make judgements, estimates and assumptions about the carrying amount of assels and liabilities that are not readily apparenl from other sources. The estimates and associated assumptions are based on historical experience and other faclors Ihat are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised where the revision affects (lY that period. or in Ihe period of the revision and future periods where the revision affecls both current and future periods. 10-
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and legacies Unrèstricted Restrictèd funds funds 2024 2024 Totsl Unrestricted Restrictèd funds funds 2023 2023 Total 2024 2023 Donations and gifts Legacies Grants Donated goods and services Olher 309,708 28,755 833 309,708 28,755 833 152,313 34,665 1,557 152,313 34,665 1,557 75.933 2.361 75,933 {13,275) 68,236 11.284 68,236 56.302 115,636) 45.018 417,590 115,636) 401,954 268,055 45,018 313,073 Expendlture on charltable actlvltle8 Mlsslon Ministry Buildin9 Church Ilfe cost Youth, family & ¢hlldren 2024 Total 2024 2024 2024 2024 2024 Olrect costs Staff costs Depreciation and impairment Purchases Rent Rates and water Light and heat Repairs and maintenan¢e Insurance Training Licences and subscriptions Legal and professional Telephone Cleaning other office costs Loan inleresl Other charitable expendilure 66,463 84,353 150,816 38,706 38,706 19,315 5,325 8,509 26,448 19,592 5,402 997 5,127 7,540 1,110 7.072 6,914 4,290 19,315 5,325 5,152 3,357 26.448 19.592 5.402 787 210 5,127 7,540 1,110 7.072 6,910 4,290 27,409 950 28,359 27,619 77,890 197,551 13,147 19,315 335,522 Analysis by fund Unrestricted funds Restricted funds 24,403 3.216 77.890 190,390 7,161 13,147 19,315 325,145 10,377 27,619 77,890 197.551 13,147 19.315 335,522 11
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on charitable activities (Continued) Previous year: Mission Ministry Building Church lifo cost Youth, family & children 2023 Total 2023 2023 2023 2023 2023 Direct costs Staff costs Depreciation and impairment Purchases Rent Rates and water Light and heal Repairs and maintenance Insurance Motor vehicle expenses Training Licences and subscriptions Legal and professional Telephone Cleaning Other office costs Loan interest Other charitable expenditure 84.348 60,371 144,719 43,686 43,686 4,609 7,400 5.809 25.439 19,197 5,062 1,105 455 4,510 6,739 1,287 6,584 9,426 5,851 4,609 7,400 4,242 1.567 25,439 19,197 5,062 1,105 455 4,510 6.739 1,287 6,584 9.426 5,851 20,026 20,028 20,481 97,095 174,496 15.223 4,609 311.904 Analysls by fund Unrestricted funds Reslricled funds 16.231 4,250 97,095 136,058 38,438 15,223 4,609 269,216 42,688 20,481 97,095 174,496 15,223 4,609 311,904 Net movement in funds 2024 2023 The net movement in funds is slated after chargingl{crediling)'. Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets 1,134 38,707 2,406 1.050 43.686 Trustees S Hearle had remuneration of £27,825 and other benefits tolalling £5,266. C Matthewson had remuneration of £27,825 and other benefits lotalling £2,442. Both trustees are employed as ministers of the church. 12-
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 139,892 3,617 7,307 136.379 2,698 5,642 1SO,818 144,719 There were no employees whose annual remuneration was more than £60,000. Other expendlturo Unre¥trictéd Unrestricted funds funds 2024 2023 Nel loss on disposal of tangible fixed assets 2,406 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the exlent that these are applied lo ils charitable objects. 13-
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 10 Tanglble flxed assets Froehold l•nd L••$•hold Flxtum and •nd bulldlngs Improvements flttlngs Equlpment Total Cost Al 1 January 2024 Addilions Disposals 1,674,574 53,401 8,520 113,198) 23.465 1,751.440 46,051 113,198) 37,531 At 31 December 2024 1,674.574 37,531 48,723 23,465 1,784,293 Depreclatlon and Impalrnient Al 1 January 2024 Depreciation charged in the year Eliminated in respect of disposals 415,853 33,492 47,566 3,694 (10,792) 22.447 270 485.866 38,707 110,792} 1,251 At 31 December 2024 449,345 1,251 40,468 22,717 513,781 Carrylng amounl Al 31 December 2024 1.225,229 36,280 8,255 748 1.270,512 Al 31 December 2023 1,258,721 5,836 1.018 1.265,575 11 Debtors 2024 2023 Amounts falllng due wlthln one yoar: Trade debtors Prepayments and accrued income 8,264 8.372 8.411 6,797 16,636 15.208 12 Loans and overdrafts 2024 2023 Bank loans 72,429 Payable after one year 72,429 14-
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Creditors: amounts falling due withln one year 2024 2023 Gross amounts owed lo contract customers Other creditors Accruals and deferred income 6,676 3,486 11,961 5,887 348.275 4,502 22.123 358,664 14 Credltors: amounts falling duo after more than one year 2024 2023 Bank loans 72,429 1 S Rotlremont boneflt schemes 2024 2023 Deflnod contrlbutlon schemes Charge to profit or loss in respect of defined conlribution schemes 7.287 5,630 The amount recognised in income or expenditure as an expense in relation to defined contribution p4ans was £7,287 {2023.' £5,630). 16 Restrlcted funds The reslri¢led funds of the charity comprise the unexpended balances of donations and grants held on trust subject lo specific conditions by donors as to how they may be used. At 1 January Z024 Incomlng resources Resour¢e8 expended At31 December 2024 38,815 (1 S,636) 110,377) 12,802 Previous year: At 1 January 2023 Incoming Resources resources expended At31 December 2023 36,485 45,018 (42,688) 38,815 15-
QUEENS ROAD BAPTIST CHURCH BROADSTAIRS QUEENS ROAD BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Unrestricted funds The unreslricled funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unreslricled funds by the trustees for specific purposes. At 1 January 2024 Incoming resources Resources expondèd At31 December 2024 General funds 1,253,600 417,590 (327,551) 1,343,639 Prevlous year: Al 1 January 2023 Incomlng resources Resources expended At31 December 2023 General funds 1,254,761 268,055 1269.216) 1,253,600 18 Analysis of net a$sets between funds Unrestrlcted funds 2024 Restricted funds 2024 Total 2024 At 31 Decembor 2024: Tangible assets Current assetsllliabilities) 1,257.710 85,929 12,802 1,270,512 85,929 1,343,639 12.802 1,356,441 Unreslrlcted funds 2023 Restricted funds 2023 Totsl 2023 At 31 December 2023: Tangible assets Current asselsl{liabilities) Long term liabilities 1,265.575 60.454 (72.429) 1,265,575 99,269 {72,429) 38.815 1.253.600 38,815 1,292,415 16-