Trustees’ Annual Report for the period
From 1[st] January 2024 To 31[st] December 2024
Charity name: Pinhoe Road Baptist Church
Charity registration number:
1132000
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The principal purpose of the church is the advancement of the 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. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The provision of regular services of public Christian worship is central to the church’s fulfilment of its primary purpose above. These have been held on Sundays at 9.15am (until July 2024) and 11am (all year), and advertised on the church website www.prbc.org.uk.They have also been accessible online via a livestream. A programme for all ages of children and young people is included in the morning services. Occasional courses are run to enable anyone to explore what it means to be a Christian, and these are publicised during Sunday worship. The church also runs several small groups for development of faith and discipleship. These meet during the week in the homes of some members and on church premises, and are advertised in the weekly newsletter distributed by email to any wishing to receive it. The church runs Parent and Toddler sessions at the church premises to assist the local community and demonstrate the love of Jesus Christ. Once a month, the church hosts a ‘Messy Church’ session for families with young children. A youth club meets on a week night. The church operates a safeguarding policy and |
| ensures that all people working with children are appropriately vetted. A weekly coffee morning is run on church premises, open to any in the neighbourhood. |
||
|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | In planning activities to meet its objectives, the trustees have had regard to the guidance issued by the Charity Commission on public benefit, and in particular, the specific guidance on charities for the advancement of religion. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | OurSunday worship servicesinitially kept the pattern introduced last year, with two morning services at 9.15am and 11am, the second one being accessible online via a livestream, and with content available to watch back later. The earlier service was discontinued in July 2024 on grounds of insufficient capacity to keep resourcing it. An informal monthly gathering on Sunday evenings for prayer and worship was introduced in May 2024. We have been joined by a good number of newcomers through the year. In 2024 we ran several differentteaching series, such as “The Good, the Bad and The Ugly” (looking at Old Testament characters), and “You Will be My Witnesses” (looking at the distinguishing marks of the early church in the Book of Acts). These longer series were punctuated by breaks for short series on different topics or to hear from visiting speakers. Forchildren and youth, the usual range of groups on Sunday morning [crèche, Primary Sunday School (3–8-year-olds), Xplore (7–12-year-olds), Encounter for teenagers] continued their teaching programmes during the 11am service. A weekly session for Toddlers happens on Wednesday mornings. This took a break in the autumn term as we sought a new leader. ‘Messy Church’ continued each month with craft activities, food, and a bible-based story for families with young children, an event attended by up to 115 visitors, of whom around 75 were children and young people. During the week a youth club offers 9–12- year-olds a venue for socialising and games on Friday evenings. Within thesmall group programme, a variety of groups serve the discipleship needs of a diverse range of people. The Care Network team leader has stimulated practical pastoral care for those in various situations of need. The church hosts anInternational Cafè once a month, in partnership with another local church. This is designed to introduce new arrivals to life in the UK and Exeter, and to help them improve their English. |
Between 60 and 100 internationals attend the café regularly. The church also held a variety of outreach events to spread the good news of Jesus and encourage more people into the church. Regular events include a Christmas Fair, a Carol Service and engagement with spectators of the Great West Run (held in May) which passes by the church. The membership of the church stood at 118 at the end of 2024.
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At the year-end there was a healthy surplus reflecting an increase in donations and a staff vacancy. The church is in a good position for future planned commitments. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The trustees’ aim is to maintain a working balance sufficient to be able to cover our legal financial commitments for a period of 6 months. This would include our Ministers salary, NI contributions and pension contributions plus covering utility bills for the Manse and the Church and to maintain adequate buildings insurance cover. |
| Amount of reserves held | Para 1.22 | The financial status at the end of 2024, going into 2025, was to have unrestricted funds available in the General Fund of at least £65,000. Our unrestricted reserves totalled £143,000 at the end of the year, significantly above the requirement. |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution (adopted 22ndOctober 2008 and amended 18thMay 2011 and 10thJune 2015 and 15thDecember 2020) |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Unincorporated Association |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Appointment by the church members’ meeting |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Pinhoe Road Baptist Church |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1132000 |
| Charity’s principal address | Pinhoe Road Polsloe Bridge Exeter EX4 7HZ |
Names of the charity trustees who manage the charity
| 1 2 3 4 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Rev George Peter Baker |
Minister and Elder | Church Members’ Meeting | ||
| Mr Bruce Macpherson |
Elder | Church Members’ Meeting | ||
| Mr Christopher Maurice Gardner |
Elder | Church Members’ Meeting | ||
| Mrs Amanda Louise Grainger |
Elder | Church Members’ Meeting |
– Corporate trustees names of the directors at the date the report was approved
Director name N/A
Name of trustees holding title to property belonging to the charity
| Trustee name | **Dates acted if not for whole year ** | |
|---|---|---|
| Baptist Union Corporation Limited Baptist House PO Box 44 129 Broadway Didcot Oxfordshire OX11 8RT |
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Name of chief executive or names of senior staff members (Optional information) | ||
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations The trustees declar• that they havo approv the trust••s' r•port above. Signod on h91[ of the charity's Irustoes Signature($) Full name(s) Posltlon leg Secretary. Chalr, etc) George Peter Baker Minister Bruce MacherS0n 16 TLJL-I 2015
Hugh S. Rodway 21 Maudlin Drive Teignmouth Devon TQ14 8RZ 01626 778328 Email: hughr@tiscali.co.uk
REPORT & FINDINGS OF EXAMINER TO THE TRUSTEES and DEACONS OF
PINHOE ROAD BAPTIST CHURCH EXETER Of the Accounts for the year ending 31[st] December 2024
26[th] February 2025
Firstly, I would like to express my thanks and appreciation for the superb report which the Treasurer Chris Garner has produced to accompany the accounts, and which made my task that much easier when carrying out the Examination.
FORMAT of ACCOUNTS
The Management accounts are in the form of Receipt and Payments format, which provides an overview to the Trustees, Deacons and Church as to the Income and Expenditure in 2024. Page 1 is a summary and the notes referring to the more detailed breakdown which comes as a separate attachment. A SOFA (CC16) in line with Charity Commission guidelines has also been produced.
GENERAL OVERVIEW.
In accounting terms, the Church made a surplus of £78753 and there are three major items which have contributed to this significant amount
-
The Church did not have an Associate Minister
-
Two Legacies of £15K and £8K **
-
Increased Giving
** The 2 legacies which were bequeathed were both unrestricted, but it was felt that in respect of the larger bequest, the donor will have wanted some money to be used to improve certain facilities in the hall which are now in process of being undertaken.
REGULAR INCOME
It is pleasing to report that giving via standing Orders has increased whilst the Church continues to embrace new technology re-giving methods whether it be through the Churches Website and also the Contactless Terminal Card reader and I am informed that an evaluation of alternative suppliers is being undertaken in order to make the best use of this type of facility
.
GIFT AID
The Church was able to recover a significant amount of income £27K from the HMRC through the Gift Aid scheme and an additional £1K was received through GADS Small Cash donations .Since April 2016 the maximum amount which can qualify for the latter increased from £5000 to £8000 which means that the amount that Churches can claim has similarly increased from £1250.00 to £2000.00 pa and one advantage of the increase is that the Church can continue to take full advantage of this allowance from the HMRC without compromising from those whose donations can be identified and who have signed a declaration Form *It is worth mentioning that any donations given anonymously through terminal giving can still qualify for GADS so can be used to ensure the maximum entitlement is claimed.
HIRE of PREMISES
Good use is made of the facilities by the community resulting in an income of £3843 (£2805 in 2023)
BANKING
In 2024 the Church continued to conduct its everyday banking with CAF Bank, where it operates both a General Account and a Gold Account.
The remainder of £49746 is held on deposit with the Baptist Union Corporation where it is split over two funds of a 7 Day and 3 Month notice.
Although interest rates have started to decrease, both these accounts give a good rate of interest which raised £3248 compared with £1832 the previous year.
During 2024 CAF BANK reached an agreement which means that Cash can now be banked at the POST OFFICE which has come as an enormous relief to many Treasurers
To achieve a even better return, the Church might like to consider using
CCLA (COIF) Charity account especially for any long term funds for example Funds held in reserve see Financial Reserves below
FINANCIAL RESERVES POLICY
The Church has a policy which requires a minimum reserves level to cover six months of the average expenditure of fixed costs and legal responsibilities relating to paid staff such as the Minister and has been set at £65K so with unrestricted reserves of £143K is significantly above the requirement
RESTRICTED FUNDS
The number of restricted funds has now been reduced to just 2, which at the end of the year had the following balances.
Building Redevelopment 22873 Fellowship Fund 1677 TOTAL 24550
GIVING TO OTHER CAUSES
The Church continues to be very generous in its support for other Missions including a tithe to the Baptist denominations Home Mission Fund, and BMS World Vision in addition to some other National and local based charities.
In 2024 the total distributed increased to £24800 (£20611) which is 22% of the total spend
PENSIONS
The significant event in 2024 was the announcement from the Baptist Union, that the outstanding deficit on the Defined Benefits Scheme going back to 2012 had been sold off to an external insurance company which meant that would no longer be a burden on Churches and that there was no further a need for them to charge the nominal £1 per month
LIABILITIES
As a result of the above there are no substantial liabilities as the sum of £7711 which had been has been held back as a retainer from Ellis & Clark (builders) had been paid in full after they rectified all the outstanding snags from the building project
The only liability is money which was destined for other causes under £500 which had not been paid by the end of the year
RECONCILIATION of ACCOUNTS
I can affirm that the computer system agrees to that shown on the bank statements
PAYROLL- STAFF
It was not until the autumn of 2024 that a new Associated Minister was called by the Church who is not expected to start until April 2025
This is reflected in the payroll costs which are appreciatingly lower than had been budgeted.Besides the new Associate Minister, I understand that there are plans to appoint a paid Administrator which will increase the costs in the forthcoming years,
As with most Churches, Pinhoe Road is entitled to the Employment NI Allowance and unless the gross pay for staff exceeds £80K the Church should continue to be exempt from ER NI. and I have reproduced the workings by WEBA in the paragraph below
Whilst the Employer NI (ER NI) rate is set to rise in April 2025 from 13.8% to 15%, the Employment NI Allowance (designed to help employers) has more than doubled, from £5,000 to £10,500 for the year. Despite a lower threshold for employers too, the overall impact of the new measure will mean that most churches will continue to pay no ER NI at all in the coming tax year. WEBA have calculated that (ignoring lower earners, those grossing less than £416 a month) the total annual gross pay for staff must exceed £80,000 before a single penny of ER NI is payable.
MINIMUM WAGE The Minimum Wage rates set by the Government will rise for work carried out from April 2025 onwards to £12.21 per hour, for staff over 21; to £10.00 per hour for 18-20 yearolds; and to £7.55 per hour for those under 18 and first year apprentices
It is worth mentioning that it is permitted under the CC rules that a paid administrator can become a Trustee in the same way that Ministerial appointments are allowed, as most CIO constitutions will invariably state something similar to the words reproduced below.
The Deacon for Administration and Deacon for Finance (who may only be elected to this role after 24 months of continuous membership of the Church) shall automatically be a Charity Trustee because of their role and responsibilities
CHURCHES, CHARITIES and INCORPORATION
It was hoped that by now the process of converting to CIO status will be well under way, but other events have taken priority in the life of the Church. Unfortunately, it is a fairly slow and arduous procedure that can take some months to complete without the Church seeing any benefit. However, the important one is that in the unlikely event of any litigation, the Church Officers/Trustees are financially protected.
As you are aware once a the new constitution has been accepted by the Charity commission and have allocated a new number, there will be many administrative tasks to perform such as notifying banks, utilities, rental companies etc, updating Web site- in fact anywhere where the Church Charity number is currently displayed and as a new organization there will then be a need to apply to the HMRC for new numbers for PAYE, GIFT AID RECOVERY which also includes a New Government Gateway
However, the one recommendation which I strongly advise in order to avoid any additional costs such as having to prepare 2 sets of Annual Accounts, that the new structure does not become operative until the close of the accounting year with the new Church charity operating from the first day of the subsequent year.
SUMMARY
The Management accounts which are attached are once again in the form of
Receipt and Payments format, which provides the overview to the Trustees, Deacons and Church as to the Income and Expenditure in 2024 together with the closing balances, and I reproduced below the relevant section from the Charity Commission website.
Independent examination at a glance To maintain public confidence in the work of charities, charity law requires most charities to have an external scrutiny of their accounts. Provided a charity is not required by law or its governing document to have an audit then trustees may choose a simpler and less expensive form of external scrutiny called an independent examination. For financial years ending on or after 31 March 2015, trustees may opt for an independent examination instead of an audit provided their charity's gross income is not more than Elm, or where gross income exceeds 250,000, its gross assets are not more than E3.26 million. An independent examination is a simpler form of scrutiny than an audit but it still provides trustees, funders, beneficiaries, stakeholders and the public with an assurance that the accounts of the charity have been reviewed by an independent person. All charities with an income of more than E25,000 that opt not to have an audit must have to have an examination. Whether acting as a volunteer or being paid a fee for their work, the role of the independent examiner is important and they must follow certain steps in carrying out the examination and make a report to the trustees setting out particular matters once they have finished their examination. There is a process to be followed and separate guidance - Independent examination of charity accounts: examiners (CC32) - is available which takes the examiner through the Directions which set the procedures that the examiner must follow, explains their reporting duties and provides the examiner with practical advice at every stage. Whilst in most cases the examiner will be reviewing receipts and payments accounts and so will not need to be a qualified accountant to carry out a proper independent examination, the examiner still needs a certain level of ability and knowledge to undertake a competent examination and to set out their report in the way that is required by the 2008 Regulations. Where gross income is more than €250,000 charity law requires the examiner to be a member of a body listed in the Charities Act. Once the figures are adopted, they will need to be filed on the Charity Commission together with the reports as in previous years.
it is good to report that the finances of the Church are in excellent shape and I pray God's blessing to your fellowship in the coming days as you welcome a new name to join the team as you seek to show the love of Christ to those whom you are serving in your neighborhood.
CHARITY COMMISSION FOR ENGIAND AND WALES Independent examinerfs report on the accounts Section A Independent ExamineVs Report Report to the trusteesl members of PINHOE ROAD BAPTIST CHURCH. EXETER On accounts for the yèar ended 31st Dernber 2024 Charity no (if any) 1132000 Set out on pages I report to the trustees on my examination of the accounts of the above chanty (Ihe Trust-) for the year erKled 31112 12024 As the chanty's trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Chariiies Act 2011 ('the Act"}. I report in resFect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Chanty Commission under section 145(5)(b) of the Ad. Responsibilities and basis of roport Independent I have completed my examination. I confirm that no material matters have examinerfs statement come to my attention in connection with the examination which gives me cause to believe that in, any matertal respect.. the accounting records were not kept in accordance with section 130 of the Charsties Act. or the accounts dKI not accord with the accounting records", or the accounts did not comply wrth the applicable requirements conceming the fom and content of accounts set out in the CharitEs (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention shoukl be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: 26tr February 2025 Name: Hugh S RODWAY Relevant professional qualification(s) or body (rf any): Address: 21 Maudlin Drive Teignmouth Devon TQ14 8RZ IER Oct 2018
Section B Disclosure Only Complete if the examiner needs to highlight malersal matters of conom (see CC32. IndeFendenl examinab"4)n of chatty accounts." directions and guidan for examiners). Give here brief details of any items that the examiner wis18 to disclose. IER Oct 2018
CHAIIITY C0141MISS10 ENGLAND AND W 11Y2WJ Receipts and payments accounts CC16a 01KJ1r2024 31112rJ]24 To Section A Receipts and payments Unrestrlcted funds Rstrlcted Total fvnd• A1 Receipts xox 23165 15185 13114 34.1$0 165 15A35 1775 19WÉ StEaKdthp1&4YE CkniinÈ9YiTrJ 13.921 28144 22.613 allkn 7S46 J.Y44 1n• AR) 18ee tabl¢l- Sub tst 203.744 14831 171209 Staffi ni5ty 7M58 4225 5,814 Cnurth lrfe-)KW 5.614 15.769 IS,623 1.155 1710 139.622 1740 12,937 6.191 14Q9Tr Sub total Sub to lJ.937 10.685 116,gn 74. A6 Cash funds lasi Year 10S.692 184845 11.460 CCXX R1 Issi
Section B Statement of assets and liabilities at the end of the period Unrè¥tricted Restricted Endowmènt lunds to rwrnst£ C.-IteiJi)r.tss B1 Cash fund8 49.746 Total cash fid$ 159.895 24,550 Unrnstricted Restricted Endowment funds fund¥ funds B2 Other monetary assets Details valuo Details Fwknj iOTJrtMch CurrnrtV• B4 Assèts rrtalned for the charitys own use Deta*l• 85 Uabililigs 120 Date of al c..7_2 CCXX R2 ISSI 22102r2025
Financial Statement for the Year ended 31 st Dember 2024 'CkiORITY REGISTTIoN NO.1132O Note 2024 2023 Grft Athd Don8tron3 Non Grft Akyed donalbjns Legaaes Stewardship GAYE Online givir 99629 98271 34150 2B 23185 15435 2774 13921 28584 22613 Hall hir• B•nk iTrtet Other income 2805 3248 1832 5069 TOTAL 21837 17120 Paynts Stsffing Ministy support Church life- adults Church lrfe- youth Buikling utilths & maintsnance Buikjing WedeveknftI E¥angeli8m & outre¥¢h MISS support Core- subs and audié 1ministration 38293 7458 3226 48497 10 7270 4305 12 5614 6308 13 22181 25204 29653 14 15623 15 8952 7632 16 248 20205 17 1154 1091 18 2740 6191 TOTAL 11962 146977 Surp1 IdèfKitl for tha BaLqn(* bro3h1 foThvarf bank a¢c<>unts BaLance Cary f[d 78752 105692 24232 81460 105692 Balan$ As attytr- Buikjing R8dev&lopmènl FellOhIp Fund 19 20 22873 18528 1677 2076 Totals of Restricted Funds 24550 20604 Total of General Fund (Unrestricted) 21 159895 85088 TOTAL of ALL FUNDS 105692 STATEIENT OF ASSEfs AND UABILM AT 31•t DECEIABER Bank and other cash balances.. 105692 Non Monetary Assets 23 3557985 3347929 LIABILITIES 24 8955 l>,o/.Z5
Pinhoe Road Baptist Church Finance report 2024
Summary
Overall the church generated a surplus of £78,753 which resulted in total reserves rising from £105,692 to £184,445. £40,000 of reserves relate to building redevelopment (Ministry Transformation Project). Income and expenditure was monitored against budgets throughout the year with budget holders having access to the church’s finance system ExpensePlus. The end of year position on the operational budget is shown below.
| General fund summary | General fund summary | |||
|---|---|---|---|---|
| General budget | Actual | Difference | % | |
| Income | 149,000 | 184,993 | 35,993 | 24 |
| Expenditure | 149,000 | 113,167 | -35,833 | 24 |
| Surplus | 71,827 |
Income included a one off legacy of £8100.
The reason for the underspend was the Associate Pastor staff vacancy.
Income
Total income (across all funds) in 2024 was £218,375 compared to £171,209 in the previous year. This included two legacies - the £8100 legacy to the general fund and a £15000 legacy to building redevelopment.
Giving
The graph below illustrates total giving by month. The one off legacy receipt of £8100 is omitted.
Giving (excl building)
----- Start of picture text -----
13000
12500
12000
11500
11000
10500
10000
9500
jan feb mar apl may jun jly aug sep oct nov dec
----- End of picture text -----
The graph below illustrates the different sources of giving. Giving by standing order has increased. Graph excludes gift aid and other income.
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Giving (General)
----- End of picture text -----
----- Start of picture text -----
160
140
120
100
80
60
40
20
0
2024 2023
standing orders stewardship Sunday offering On-line Other
----- End of picture text -----
Long term trend
The graph below shows stable income over the last 7 years with a upward trend. There was additional building project income in 2021 and 2024.
----- Start of picture text -----
Income £000
----- End of picture text -----
----- Start of picture text -----
250
200
150
100
50
0
2018 2019 2020 2021 2022 2023 2024
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Expenditure
The pie chart below shows the breakdown in spend by area with staffing and building maintenance accounting for 54% of total spend. We continue to be generous in supporting external mission totalling £25,000 which is 22% of total spend (budgeted 15%).
----- Start of picture text -----
2024 Spend
Staffing Ministry support Church life Buildings
Evangelism Mission support Administration
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Expenditure budget and outturn
The table below compares actual spend against the budgets approved by the church meeting. The areas to highlight are underspend on staffing due to the vacant Associate Minister post and less spend on buildings.
| Staffing Ministry support Church life adult Church life child Buildings Evangelism Mission support Administration Totals |
Budget Actual Diff £000 £000 £000 68 38 -30 8 7 -1 2 2 0 7 6 -1 28 22 -6 7 9 2 22 25 3 6 4 -2 |
|---|---|
| 148 113 -35 |
Building maintenance and utilities
Total spend in 2024 was £22,181 compared to £29,854 in 2023.
The main area of underspend was on church utilities, specifically our electricity spend with SSE. On 1[st] November the church transferred to E.on for electric supply.
Church utilities
| Church utilities | |
|---|---|
| Gas Electricity ECOE Water Broadband Totals |
Budget Actual Diff £ £ £ 4300 2598 -1702 3925 653 -3272 450 614 164 2880 2622 -258 850 878 28 |
| 12405 7365 -5040 |
The church continues to pay Exeter Community Energy for electricity generated by the solar panels at a reduced price per unit.
Church Life Conference/ Church weekend at home
Donations from attendees totalled £255, the cost was £1002, so the net cost was £747.
Mission Giving
We give 5% to BMS world mission and 5% to Home Mission. All giving is set out below, including collections for other causes.
Mission giving
| BMS ICE YMCA Friends International Outreach southwest Scott Bradridge TEAR fund St cath/Saltmine/Other |
From budget Collections £ £ 14904 1980 1356 876 1356 876 1000 750 1702 |
|---|---|
| 21346 3454 24800 |
The amount to ICE, YMCA and Friends has remained unchanged for several years but uplifted by 10% in 2025.
Ministry Transformation Project/ Building redevelopment
We have 2 funds: one is restricted (where the donor makes express wishes) and one designated (unrestricted).
Building redevelopment
----- Start of picture text -----
Designated Restricted Total
£ £ £
Opening balance 382 18528 18910
Income 18750 13780 32530
Transfers 13708 13708
Expenditure 15769 9435 25204
Closing balance 17071 22873 39944
----- End of picture text -----
Details of income and spending is set out below
Building redevelopment
Res Des Total
| £ | £ | £ | |
|---|---|---|---|
| Income | |||
| Donations | 13340 | 13340 | |
| Gift aid | 440 | 3750 | 4190 |
| Legacy | 15000 | 15000 | |
| Spend | |||
| Ellis Clark retention | 7711 | 7711 | |
| Rear garden | 1724 | 1724 | |
| Top hall improvements | 7850 | 7850 | |
| MTP2 surveyor | 5430 | 5430 | |
| Lower hall + defib | 2489 |
The legacy of £15000 was earmarked to improve the worship hall. There is approximately £7000 remaining for improving sound and lighting and we have received recommendations from Live Support Event Services to this end.
Specific gifts covered the improvements to the rear garden and the new ceiling tiles in the worship hall.
Other restricted funds
The fellowship fund for supporting needs within the wider fellowship was well used during 2024 with several donations received and 5 pastoral gifts made.
Cash and investments
The approach taken is to spread deposits across banking to minimise risk but to take advantage of good interest rates, which have reduced over 2024.
Bank balances
| Interest caf gold 2.15% caf gen 0.20% bu 7 day 1.75% bu 3 mth 3.75% |
£ 80811 53888 1931 47815 184445 |
|---|---|
Reserves
Our policy of retaining sufficient funds to cover 6 months staffing and utilities results in a minimum reserve level of £65000. Our unrestricted general reserve totalled £143000 at the end of the year, significantly above the requirement.
Recycling
As part of our commitment to the environment, members are reminded to minimise waste and attempt to sell or give away redundant equipment rather than place in land-fill.
Charitable Incorporated Organisation (CIO)
No progress was made in 2024 to move to a CIO status, which is seen as best practice for Baptist churches and offers several advantages including limiting liability and more freedoms. The next target date would be 1[st] January 2026.
Related party transactions / Trustees remuneration and expenses
Our Pastor, George Baker, received stipend, heating allowance and reimbursement of expenses and our Treasurer, Chris Gardner, received reimbursement of expenses relating to equipment purchases. No contribution or reimbursement of expenses in respect of services provided by the Trustees has been made during the year.
.
Future commitments
In July 2022 we had a survey of all our roofs. The roof above the youth room has been renewed and a further 5 flat roofs will need renewing around 2027. The upper hall roof is approximately 35 years old and will probably need replacing soon due to water ingress from the solar panel fixings. The 2022 survey recommended “that an allowance is made to strip and re-slate the main roof and the smaller secondary roofs in the medium to long term, say within the next 10-15 years. Prior to that time there will be an increasingly frequent need for patch repairs”. Therefore in order to curtail rising maintenance costs the original church slate roof will need replacing in 2031 at an estimated cost of £65k.
Accounting policies
The financial statements have been prepared on a ‘receipts and payments’ basis and in accordance with the Charities Act 2011 and the Statement of Recommended Practice “Accounting and Reporting by Charities” Financial Reporting Standard 103 (FRS 103).
The church uses a national accounting system designed for UK charities which is called ExpensePlus. This is administered by the Treasurer and finance assistants Phil and Gina. C M Gardner, Treasurer, Feb 2025
Hugh S. Rodway 21 Maudlin Drive Teignmouth Devon TQ14 8RZ 01626 778328 Email: hughr@tiscali.co.uk
REPORT & FINDINGS OF EXAMINER TO THE TRUSTEES and DEACONS OF
PINHOE ROAD BAPTIST CHURCH EXETER Of the Accounts for the year ending 31[st] December 2024
26[th] February 2025
Firstly, I would like to express my thanks and appreciation for the superb report which the Treasurer Chris Garner has produced to accompany the accounts, and which made my task that much easier when carrying out the Examination.
FORMAT of ACCOUNTS
The Management accounts are in the form of Receipt and Payments format, which provides an overview to the Trustees, Deacons and Church as to the Income and Expenditure in 2024. Page 1 is a summary and the notes referring to the more detailed breakdown which comes as a separate attachment. A SOFA (CC16) in line with Charity Commission guidelines has also been produced.
GENERAL OVERVIEW.
In accounting terms, the Church made a surplus of £78753 and there are three major items which have contributed to this significant amount
-
The Church did not have an Associate Minister
-
Two Legacies of £15K and £8K **
-
Increased Giving
** The 2 legacies which were bequeathed were both unrestricted, but it was felt that in respect of the larger bequest, the donor will have wanted some money to be used to improve certain facilities in the hall which are now in process of being undertaken.
REGULAR INCOME
It is pleasing to report that giving via standing Orders has increased whilst the Church continues to embrace new technology re-giving methods whether it be through the Churches Website and also the Contactless Terminal Card reader and I am informed that an evaluation of alternative suppliers is being undertaken in order to make the best use of this type of facility
.
GIFT AID
The Church was able to recover a significant amount of income £27K from the HMRC through the Gift Aid scheme and an additional £1K was received through GADS Small Cash donations .Since April 2016 the maximum amount which can qualify for the latter increased from £5000 to £8000 which means that the amount that Churches can claim has similarly increased from £1250.00 to £2000.00 pa and one advantage of the increase is that the Church can continue to take full advantage of this allowance from the HMRC without compromising from those whose donations can be identified and who have signed a declaration Form *It is worth mentioning that any donations given anonymously through terminal giving can still qualify for GADS so can be used to ensure the maximum entitlement is claimed.
HIRE of PREMISES
Good use is made of the facilities by the community resulting in an income of £3843 (£2805 in 2023)
BANKING
In 2024 the Church continued to conduct its everyday banking with CAF Bank, where it operates both a General Account and a Gold Account.
The remainder of £49746 is held on deposit with the Baptist Union Corporation where it is split over two funds of a 7 Day and 3 Month notice.
Although interest rates have started to decrease, both these accounts give a good rate of interest which raised £3248 compared with £1832 the previous year.
During 2024 CAF BANK reached an agreement which means that Cash can now be banked at the POST OFFICE which has come as an enormous relief to many Treasurers
To achieve a even better return, the Church might like to consider using
CCLA (COIF) Charity account especially for any long term funds for example Funds held in reserve see Financial Reserves below
FINANCIAL RESERVES POLICY
The Church has a policy which requires a minimum reserves level to cover six months of the average expenditure of fixed costs and legal responsibilities relating to paid staff such as the Minister and has been set at £65K so with unrestricted reserves of £143K is significantly above the requirement
RESTRICTED FUNDS
The number of restricted funds has now been reduced to just 2, which at the end of the year had the following balances.
Building Redevelopment 22873 Fellowship Fund 1677 TOTAL 24550
GIVING TO OTHER CAUSES
The Church continues to be very generous in its support for other Missions including a tithe to the Baptist denominations Home Mission Fund, and BMS World Vision in addition to some other National and local based charities.
In 2024 the total distributed increased to £24800 (£20611) which is 22% of the total spend
PENSIONS
The significant event in 2024 was the announcement from the Baptist Union, that the outstanding deficit on the Defined Benefits Scheme going back to 2012 had been sold off to an external insurance company which meant that would no longer be a burden on Churches and that there was no further a need for them to charge the nominal £1 per month
LIABILITIES
As a result of the above there are no substantial liabilities as the sum of £7711 which had been has been held back as a retainer from Ellis & Clark (builders) had been paid in full after they rectified all the outstanding snags from the building project
The only liability is money which was destined for other causes under £500 which had not been paid by the end of the year
RECONCILIATION of ACCOUNTS
I can affirm that the computer system agrees to that shown on the bank statements
PAYROLL- STAFF
It was not until the autumn of 2024 that a new Associated Minister was called by the Church who is not expected to start until April 2025
This is reflected in the payroll costs which are appreciatingly lower than had been budgeted.Besides the new Associate Minister, I understand that there are plans to appoint a paid Administrator which will increase the costs in the forthcoming years,
As with most Churches, Pinhoe Road is entitled to the Employment NI Allowance and unless the gross pay for staff exceeds £80K the Church should continue to be exempt from ER NI. and I have reproduced the workings by WEBA in the paragraph below
Whilst the Employer NI (ER NI) rate is set to rise in April 2025 from 13.8% to 15%, the Employment NI Allowance (designed to help employers) has more than doubled, from £5,000 to £10,500 for the year. Despite a lower threshold for employers too, the overall impact of the new measure will mean that most churches will continue to pay no ER NI at all in the coming tax year. WEBA have calculated that (ignoring lower earners, those grossing less than £416 a month) the total annual gross pay for staff must exceed £80,000 before a single penny of ER NI is payable.
MINIMUM WAGE The Minimum Wage rates set by the Government will rise for work carried out from April 2025 onwards to £12.21 per hour, for staff over 21; to £10.00 per hour for 18-20 yearolds; and to £7.55 per hour for those under 18 and first year apprentices
It is worth mentioning that it is permitted under the CC rules that a paid administrator can become a Trustee in the same way that Ministerial appointments are allowed, as most CIO constitutions will invariably state something similar to the words reproduced below.
The Deacon for Administration and Deacon for Finance (who may only be elected to this role after 24 months of continuous membership of the Church) shall automatically be a Charity Trustee because of their role and responsibilities
CHURCHES, CHARITIES and INCORPORATION
It was hoped that by now the process of converting to CIO status will be well under way, but other events have taken priority in the life of the Church. Unfortunately, it is a fairly slow and arduous procedure that can take some months to complete without the Church seeing any benefit. However, the important one is that in the unlikely event of any litigation, the Church Officers/Trustees are financially protected.
As you are aware once a the new constitution has been accepted by the Charity commission and have allocated a new number, there will be many administrative tasks to perform such as notifying banks, utilities, rental companies etc, updating Web site- in fact anywhere where the Church Charity number is currently displayed and as a new organization there will then be a need to apply to the HMRC for new numbers for PAYE, GIFT AID RECOVERY which also includes a New Government Gateway
However, the one recommendation which I strongly advise in order to avoid any additional costs such as having to prepare 2 sets of Annual Accounts, that the new structure does not become operative until the close of the accounting year with the new Church charity operating from the first day of the subsequent year.
SUMMARY
The Management accounts which are attached are once again in the form of
Receipt and Payments format, which provides the overview to the Trustees, Deacons and Church as to the Income and Expenditure in 2024 together with the closing balances, and I reproduced below the relevant section from the Charity Commission website.
Independent examination at a glance To maintain public confidence in the work of charities, charity law requires most charities to have an external scrutiny of their accounts. Provided a charity is not required by law or its governing document to have an audit then trustees may choose a simpler and less expensive form of external scrutiny called an independent examination. For financial years ending on or after 31 March 2015, trustees may opt for an independent examination instead of an audit provided their charity's gross income is not more than Elm, or where gross income exceeds 250,000, its gross assets are not more than E3.26 million. An independent examination is a simpler form of scrutiny than an audit but it still provides trustees, funders, beneficiaries, stakeholders and the public with an assurance that the accounts of the charity have been reviewed by an independent person. All charities with an income of more than E25,000 that opt not to have an audit must have to have an examination. Whether acting as a volunteer or being paid a fee for their work, the role of the independent examiner is important and they must follow certain steps in carrying out the examination and make a report to the trustees setting out particular matters once they have finished their examination. There is a process to be followed and separate guidance - Independent examination of charity accounts: examiners (CC32) - is available which takes the examiner through the Directions which set the procedures that the examiner must follow, explains their reporting duties and provides the examiner with practical advice at every stage. Whilst in most cases the examiner will be reviewing receipts and payments accounts and so will not need to be a qualified accountant to carry out a proper independent examination, the examiner still needs a certain level of ability and knowledge to undertake a competent examination and to set out their report in the way that is required by the 2008 Regulations. Where gross income is more than €250,000 charity law requires the examiner to be a member of a body listed in the Charities Act. Once the figures are adopted, they will need to be filed on the Charity Commission together with the reports as in previous years.
it is good to report that the finances of the Church are in excellent shape and I pray God's blessing to your fellowship in the coming days as you welcome a new name to join the team as you seek to show the love of Christ to those whom you are serving in your neighborhood.
CHARITY COMMISSION FOR ENGIAND AND WALES Independent examinerfs report on the accounts Section A Independent ExamineVs Report Report to the trusteesl members of PINHOE ROAD BAPTIST CHURCH. EXETER On accounts for the yèar ended 31st Dernber 2024 Charity no (if any) 1132000 Set out on pages I report to the trustees on my examination of the accounts of the above chanty (Ihe Trust-) for the year erKled 31112 12024 As the chanty's trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Chariiies Act 2011 ('the Act"}. I report in resFect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Chanty Commission under section 145(5)(b) of the Ad. Responsibilities and basis of roport Independent I have completed my examination. I confirm that no material matters have examinerfs statement come to my attention in connection with the examination which gives me cause to believe that in, any matertal respect.. the accounting records were not kept in accordance with section 130 of the Charsties Act. or the accounts dKI not accord with the accounting records", or the accounts did not comply wrth the applicable requirements conceming the fom and content of accounts set out in the CharitEs (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention shoukl be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: 26tr February 2025 Name: Hugh S RODWAY Relevant professional qualification(s) or body (rf any): Address: 21 Maudlin Drive Teignmouth Devon TQ14 8RZ IER Oct 2018
Section B Disclosure Only Complete if the examiner needs to highlight malersal matters of conom (see CC32. IndeFendenl examinab"4)n of chatty accounts." directions and guidan for examiners). Give here brief details of any items that the examiner wis18 to disclose. IER Oct 2018
CHAIIITY C0141MISS10 ENGLAND AND W 11Y2WJ Receipts and payments accounts CC16a 01KJ1r2024 31112rJ]24 To Section A Receipts and payments Unrestrlcted funds Rstrlcted Total fvnd• A1 Receipts xox 23165 15185 13114 34.1$0 165 15A35 1775 19WÉ StEaKdthp1&4YE CkniinÈ9YiTrJ 13.921 28144 22.613 allkn 7S46 J.Y44 1n• AR) 18ee tabl¢l- Sub tst 203.744 14831 171209 Staffi ni5ty 7M58 4225 5,814 Cnurth lrfe-)KW 5.614 15.769 IS,623 1.155 1710 139.622 1740 12,937 6.191 14Q9Tr Sub total Sub to lJ.937 10.685 116,gn 74. A6 Cash funds lasi Year 10S.692 184845 11.460 CCXX R1 Issi
Section B Statement of assets and liabilities at the end of the period Unrè¥tricted Restricted Endowmènt lunds to rwrnst£ C.-IteiJi)r.tss B1 Cash fund8 49.746 Total cash fid$ 159.895 24,550 Unrnstricted Restricted Endowment funds fund¥ funds B2 Other monetary assets Details valuo Details Fwknj iOTJrtMch CurrnrtV• B4 Assèts rrtalned for the charitys own use Deta*l• 85 Uabililigs 120 Date of al c..7_2 CCXX R2 ISSI 22102r2025
Financial Statement for the Year ended 31 st Dember 2024 'CkiORITY REGISTTIoN NO.1132O Note 2024 2023 Grft Athd Don8tron3 Non Grft Akyed donalbjns Legaaes Stewardship GAYE Online givir 99629 98271 34150 2B 23185 15435 2774 13921 28584 22613 Hall hir• B•nk iTrtet Other income 2805 3248 1832 5069 TOTAL 21837 17120 Paynts Stsffing Ministy support Church life- adults Church lrfe- youth Buikling utilths & maintsnance Buikjing WedeveknftI E¥angeli8m & outre¥¢h MISS support Core- subs and audié 1ministration 38293 7458 3226 48497 10 7270 4305 12 5614 6308 13 22181 25204 29653 14 15623 15 8952 7632 16 248 20205 17 1154 1091 18 2740 6191 TOTAL 11962 146977 Surp1 IdèfKitl for tha BaLqn(* bro3h1 foThvarf bank a¢c<>unts BaLance Cary f[d 78752 105692 24232 81460 105692 Balan$ As attytr- Buikjing R8dev&lopmènl FellOhIp Fund 19 20 22873 18528 1677 2076 Totals of Restricted Funds 24550 20604 Total of General Fund (Unrestricted) 21 159895 85088 TOTAL of ALL FUNDS 105692 STATEIENT OF ASSEfs AND UABILM AT 31•t DECEIABER Bank and other cash balances.. 105692 Non Monetary Assets 23 3557985 3347929 LIABILITIES 24 8955 l>,o/.Z5
Pinhoe Road Baptist Church Finance report 2024
Summary
Overall the church generated a surplus of £78,753 which resulted in total reserves rising from £105,692 to £184,445. £40,000 of reserves relate to building redevelopment (Ministry Transformation Project). Income and expenditure was monitored against budgets throughout the year with budget holders having access to the church’s finance system ExpensePlus. The end of year position on the operational budget is shown below.
| General fund summary | General fund summary | |||
|---|---|---|---|---|
| General budget | Actual | Difference | % | |
| Income | 149,000 | 184,993 | 35,993 | 24 |
| Expenditure | 149,000 | 113,167 | -35,833 | 24 |
| Surplus | 71,827 |
Income included a one off legacy of £8100.
The reason for the underspend was the Associate Pastor staff vacancy.
Income
Total income (across all funds) in 2024 was £218,375 compared to £171,209 in the previous year. This included two legacies - the £8100 legacy to the general fund and a £15000 legacy to building redevelopment.
Giving
The graph below illustrates total giving by month. The one off legacy receipt of £8100 is omitted.
Giving (excl building)
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13000
12500
12000
11500
11000
10500
10000
9500
jan feb mar apl may jun jly aug sep oct nov dec
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The graph below illustrates the different sources of giving. Giving by standing order has increased. Graph excludes gift aid and other income.
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Giving (General)
----- End of picture text -----
----- Start of picture text -----
160
140
120
100
80
60
40
20
0
2024 2023
standing orders stewardship Sunday offering On-line Other
----- End of picture text -----
Long term trend
The graph below shows stable income over the last 7 years with a upward trend. There was additional building project income in 2021 and 2024.
----- Start of picture text -----
Income £000
----- End of picture text -----
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250
200
150
100
50
0
2018 2019 2020 2021 2022 2023 2024
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Expenditure
The pie chart below shows the breakdown in spend by area with staffing and building maintenance accounting for 54% of total spend. We continue to be generous in supporting external mission totalling £25,000 which is 22% of total spend (budgeted 15%).
----- Start of picture text -----
2024 Spend
Staffing Ministry support Church life Buildings
Evangelism Mission support Administration
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Expenditure budget and outturn
The table below compares actual spend against the budgets approved by the church meeting. The areas to highlight are underspend on staffing due to the vacant Associate Minister post and less spend on buildings.
| Staffing Ministry support Church life adult Church life child Buildings Evangelism Mission support Administration Totals |
Budget Actual Diff £000 £000 £000 68 38 -30 8 7 -1 2 2 0 7 6 -1 28 22 -6 7 9 2 22 25 3 6 4 -2 |
|---|---|
| 148 113 -35 |
Building maintenance and utilities
Total spend in 2024 was £22,181 compared to £29,854 in 2023.
The main area of underspend was on church utilities, specifically our electricity spend with SSE. On 1[st] November the church transferred to E.on for electric supply.
Church utilities
| Church utilities | |
|---|---|
| Gas Electricity ECOE Water Broadband Totals |
Budget Actual Diff £ £ £ 4300 2598 -1702 3925 653 -3272 450 614 164 2880 2622 -258 850 878 28 |
| 12405 7365 -5040 |
The church continues to pay Exeter Community Energy for electricity generated by the solar panels at a reduced price per unit.
Church Life Conference/ Church weekend at home
Donations from attendees totalled £255, the cost was £1002, so the net cost was £747.
Mission Giving
We give 5% to BMS world mission and 5% to Home Mission. All giving is set out below, including collections for other causes.
Mission giving
| BMS ICE YMCA Friends International Outreach southwest Scott Bradridge TEAR fund St cath/Saltmine/Other |
From budget Collections £ £ 14904 1980 1356 876 1356 876 1000 750 1702 |
|---|---|
| 21346 3454 24800 |
The amount to ICE, YMCA and Friends has remained unchanged for several years but uplifted by 10% in 2025.
Ministry Transformation Project/ Building redevelopment
We have 2 funds: one is restricted (where the donor makes express wishes) and one designated (unrestricted).
Building redevelopment
----- Start of picture text -----
Designated Restricted Total
£ £ £
Opening balance 382 18528 18910
Income 18750 13780 32530
Transfers 13708 13708
Expenditure 15769 9435 25204
Closing balance 17071 22873 39944
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Details of income and spending is set out below
Building redevelopment
Res Des Total
| £ | £ | £ | |
|---|---|---|---|
| Income | |||
| Donations | 13340 | 13340 | |
| Gift aid | 440 | 3750 | 4190 |
| Legacy | 15000 | 15000 | |
| Spend | |||
| Ellis Clark retention | 7711 | 7711 | |
| Rear garden | 1724 | 1724 | |
| Top hall improvements | 7850 | 7850 | |
| MTP2 surveyor | 5430 | 5430 | |
| Lower hall + defib | 2489 |
The legacy of £15000 was earmarked to improve the worship hall. There is approximately £7000 remaining for improving sound and lighting and we have received recommendations from Live Support Event Services to this end.
Specific gifts covered the improvements to the rear garden and the new ceiling tiles in the worship hall.
Other restricted funds
The fellowship fund for supporting needs within the wider fellowship was well used during 2024 with several donations received and 5 pastoral gifts made.
Cash and investments
The approach taken is to spread deposits across banking to minimise risk but to take advantage of good interest rates, which have reduced over 2024.
Bank balances
| Interest caf gold 2.15% caf gen 0.20% bu 7 day 1.75% bu 3 mth 3.75% |
£ 80811 53888 1931 47815 184445 |
|---|---|
Reserves
Our policy of retaining sufficient funds to cover 6 months staffing and utilities results in a minimum reserve level of £65000. Our unrestricted general reserve totalled £143000 at the end of the year, significantly above the requirement.
Recycling
As part of our commitment to the environment, members are reminded to minimise waste and attempt to sell or give away redundant equipment rather than place in land-fill.
Charitable Incorporated Organisation (CIO)
No progress was made in 2024 to move to a CIO status, which is seen as best practice for Baptist churches and offers several advantages including limiting liability and more freedoms. The next target date would be 1[st] January 2026.
Related party transactions / Trustees remuneration and expenses
Our Pastor, George Baker, received stipend, heating allowance and reimbursement of expenses and our Treasurer, Chris Gardner, received reimbursement of expenses relating to equipment purchases. No contribution or reimbursement of expenses in respect of services provided by the Trustees has been made during the year.
.
Future commitments
In July 2022 we had a survey of all our roofs. The roof above the youth room has been renewed and a further 5 flat roofs will need renewing around 2027. The upper hall roof is approximately 35 years old and will probably need replacing soon due to water ingress from the solar panel fixings. The 2022 survey recommended “that an allowance is made to strip and re-slate the main roof and the smaller secondary roofs in the medium to long term, say within the next 10-15 years. Prior to that time there will be an increasingly frequent need for patch repairs”. Therefore in order to curtail rising maintenance costs the original church slate roof will need replacing in 2031 at an estimated cost of £65k.
Accounting policies
The financial statements have been prepared on a ‘receipts and payments’ basis and in accordance with the Charities Act 2011 and the Statement of Recommended Practice “Accounting and Reporting by Charities” Financial Reporting Standard 103 (FRS 103).
The church uses a national accounting system designed for UK charities which is called ExpensePlus. This is administered by the Treasurer and finance assistants Phil and Gina. C M Gardner, Treasurer, Feb 2025