## **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|Our**Sunday worship services**initially
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 different**teaching**
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.
For**children 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 the**small 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 an**International 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 Mac￿herS0n 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 1. The Church did not have an Associate Minister 2. Two Legacies of £15K and £8K ** 3. 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 De￿rnber 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 wis1￿8 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 R*strlcted Total fvnd• A1 Receipts xox 23165 15185 13114 34.1$0 165 15A35 1775 19WÉ StE*aKdthp1&4YE CkniinÈ9YiTrJ 13.921 28144 22.613 allkn 7S46 J.Y44 1n*• AR) 18ee tabl¢l- Sub tst 203.744 14831 171209 Staffi ni5ty 7M58 4225 5,814 Cnurth lrfe-)KW 5.614 15.769 IS,623 1.155 1710 139.622 1740 12*,937 6.191 14Q9Tr Sub total Sub to lJ.937 10.685 116,gn 74. A6 Cash funds lasi Year￿ 10S.692 184845 11.460 CCXX R1 Issi Section B Statement of assets and liabilities at the end of the period Unrè¥tricted Restricted Endowmènt lunds to rwrnst£ C.-IteiJi)r.tss B1 Cash fund8 49.746 Total cash fi￿d$ 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 De￿mber 2024 'CkiORITY REGIST￿TIoN 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 iTrte￿t Other income 2805 3248 1832 5069 TOTAL 21837 17120 Pay￿nts Stsffing Ministy support Church life- adults Church lrfe- youth Buikling utilths & maintsnance Buikjing Wedevekn￿ftI 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(* bro￿3h1 foThvarf bank a¢c<>unts BaLance Car￿y f￿￿[d 78752 105692 24232 81460 105692 Balan￿$ As attytr- Buikjing R8dev&lopmènl FellO￿hIp 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. **----- Start of picture text -----**
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
**----- End of picture text -----**
## **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
**----- End of picture text -----**
## 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 1. The Church did not have an Associate Minister 2. Two Legacies of £15K and £8K ** 3. 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 De￿rnber 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 wis1￿8 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 R*strlcted Total fvnd• A1 Receipts xox 23165 15185 13114 34.1$0 165 15A35 1775 19WÉ StE*aKdthp1&4YE CkniinÈ9YiTrJ 13.921 28144 22.613 allkn 7S46 J.Y44 1n*• AR) 18ee tabl¢l- Sub tst 203.744 14831 171209 Staffi ni5ty 7M58 4225 5,814 Cnurth lrfe-)KW 5.614 15.769 IS,623 1.155 1710 139.622 1740 12*,937 6.191 14Q9Tr Sub total Sub to lJ.937 10.685 116,gn 74. A6 Cash funds lasi Year￿ 10S.692 184845 11.460 CCXX R1 Issi Section B Statement of assets and liabilities at the end of the period Unrè¥tricted Restricted Endowmènt lunds to rwrnst£ C.-IteiJi)r.tss B1 Cash fund8 49.746 Total cash fi￿d$ 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 De￿mber 2024 'CkiORITY REGIST￿TIoN 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 iTrte￿t Other income 2805 3248 1832 5069 TOTAL 21837 17120 Pay￿nts Stsffing Ministy support Church life- adults Church lrfe- youth Buikling utilths & maintsnance Buikjing Wedevekn￿ftI 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(* bro￿3h1 foThvarf bank a¢c<>unts BaLance Car￿y f￿￿[d 78752 105692 24232 81460 105692 Balan￿$ As attytr- Buikjing R8dev&lopmènl FellO￿hIp 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. **----- Start of picture text -----**
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
**----- End of picture text -----**
## **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
**----- End of picture text -----**
## 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