## **HEATON BAPTIST CHURCH** 

**REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2024** 

**Charity registered number 1132252** 



## **HEATON BAPTIST CHURCH** 

**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2024** 

||Page|
|---|---|
|Report of the Trustees|2 - 5|
|Report of the Independent Examiner|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 - 15|



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## **HEATON BAPTIST CHURCH REPORT OF THE TRUSTEES** 

## **YEAR ENDED 31[ST] MARCH 2024** 

The Trustees present their report together with the unaudited financial statements for the year ended 31[st] March 2024 

## **Reference and administrative information** 

Charity name: Heaton Baptist Church Charity registration number: 1132252 Registered office and operational address: Heaton Road Newcastle upon Tyne NE6 5HN 

Heaton Baptist Church 

## **Trustees** 

Rev DP Tubby *Elder (Senior Minister) Mrs SM Foster *Elder Mrs RJ Rai *Elder appointed May 2023 Mrs P Daniel *Elder stepped down Jan 2025 Mr TK Howell *Elder appointed May 2023 Mrs K Dews *Deacon Mr GG Sexton *Deacon Mr JP Bird *Deacon Mr TS Onions *Deacon Mr TJ Fletcher *Deacon appointed May 2023 Ms A Ogundipe            *Deacon appointed May 2024 Mr J Kenyon                  Deacon stepped down 2024 *   = Current trustee 

## **Independent Examiner** 

Joanne Regan FCA, Azets, Bulman House, Regent Centre, Gosforth, Newcastle upon Tyne NE3 3LS 

, 

## **Bankers** 

Lloyds TSB plc, Grey Street, Newcastle upon Tyne. 

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## **HEATON BAPTIST CHURCH REPORT OF THE TRUSTEES YEAR ENDED 31[ST] MARCH 2024** 

## **Structure, Governance and Management** 

## Governing document 

The organisation is a charity, governed under a constitution adopted on 1[st] August 2009. The charity registered on 22[nd] October 2009, having previously been an excepted charity. 

## Recruitment and appointment of the Trustees 

Names are brought to the Church members. A quorum of 20% of church members is required to take part in the vote. Confirmation is by secret ballot with at least two thirds of the members voting in favour of the appointment. 

Elders and deacons serve for a period of three years, after which they can apply for re-election if they wish. 

## Trustee Induction and Training 

Before appointment potential trustees are supplied with up to date financial information and other documents such as the most recent accounts and a copy of the constitution. 

## Risk management 

The trustees have examined the major risks which could affect the charity as a whole and have developed and implemented procedures to minimise these risks as far as possible. Risks identified by the trustees include child protection issues, health and safety aspects associated with the church premises and activities, fire safety, GDPR, cyber security, insurance, and other legislative compliance. Risk management is a proactive activity developing with the growth of the charity. 

Following the completion of the new Building Project in 2010, a revised governance structure was adopted now called the Buildings Advisory Group (BAG). The BAG ensures appropriate inspection and maintenance arrangements are in place for key assets and equipment. Risk assessments are carried on key activities and appropriate safeguards introduced where necessary. A 'health and safety' culture is in place and encouraged amongst all internal and external users of the premises. 

## Organisational Structure 

The trustees are responsible for administering the church and for its strategic direction. The day to day running of the church building is delegated to the Office Manager. 

## Related parties 

The church does not have any related parties other than the trustees and their immediate families. 

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## **HEATON BAPTIST CHURCH** 

## **REPORT OF THE TRUSTEES** 

## **YEAR ENDED 31[ST] MARCH 2024** 

## **Objectives, activities, achievements and performance** 

## Objectives of the Charity 

Heaton Baptist Church is a vibrant family church that seeks to live out and share the Christian faith across its sphere of influence and beyond its walls. Its current focus is to develop its goal of "Growing as healthy disciples of Jesus". 

how we seek to live out our faith, namely being: Christ-centred, discipling, generous, missional and welcoming. 

The trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. 

## Activities and achievements during the year 

Heaton Baptist Church is a welcoming and inclusive church that hosts a range of activities that are part of our mission as well as providing a home for a variety of user groups. Our premises are used extensively. 

Over the last year, we have seen a decrease in income and a significant increase in utility costs. These have resulted in us having to make changes to our staffing team in order to maintain financial sustainability. Following a redundancy process under the guidance of the Baptist Union, the trustees recommended to the church that two part-time staff members (caretaker/cleaner and office staff) were made redundant, and that we were not in a position to offer a permanent ministerial role to our Ministerin-Training, who was concluding her training with us. 

As of March 2024, we have 1 ministerial staff (1 full-time), one part-time youth ministry leader and a parttime Office Manager, During 2023 our minister in training completed her training and moved on to lead a 2023 to a new role within a national charity. 

The church has continued to develop meaningful community connections, and host a number of activities & organisations whose purpose is to improve the physical spiritual & physiological wellbeing of residents in east Newcastle. This includes a weekly food bank, benefits support, drop in café, coffee morning, bible studies, mental health support for teenagers, pre school toddler groups & other resource beside other groups who regularly use the premises. 

We have seen growth within the church too, with ever increasing cultural diversity reflected in our regular worship & social activities, and increasingly within our leadership. We have seen a number of baptisms & new members and are excited to this trend developing, bringing with it creativity & enthusiasm. 

## Financial review 

The Statement of Financial Activities on page 8 of these financial statements details all incoming and At 31[st] March 2024 a balance of £122,296 remains in the General Fund for Church use. 

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## Reserves Policy 

The Trustees have retained the reserves policy agreed during previous Financial Years. Free reserves are those unrestricted reserves not committed or invested in tangible fixed assets. The goal over the next few years will be to reach a minimum reserve equivalent to three months of expenditure cover, which is around £55,000. The balance at the end of the year was consistent with this goal. 

## Investment Policy 

The Trustees have agreed an investment policy which is to gain maximum interest with minimum risk on money held on reserve, the balance of the accounts currently being such that no money is held in high risk investments. 

Approved by the Board of Trustees on 9[th] January 2025 and authorised to sign on its behalf: 

-----------------------------------------DP Tubby, Trustee 

`5` 



## **HEATON BAPTIST CHURCH** 

I report on the accounts of the charity for the year ended 31[st] March 2024 which are set out on pages 7 to 15. 

## **Responsibilities and basis of report** 

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 

my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. Accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

2. The accounts do not accord with those records; or 

3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or 

4. The financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Joanne Regan FCA Azets 29th January 2025 

Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS 

`6` 



## **HEATON BAPTIST CHURCH** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **YEAR ENDED 31[ST] MARCH 2024** 


**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|Note Unrestricted|Designated|Restricted|Total|Total|
|INCOME|Funds|Funds|Funds|2024|2023|
|£|£|£|£|£|
|Weekly offering|34005|-|-|34005|34676|
|Gift aid|136471|-|-|136471|151671|
|Income Tax Recovered|36404|-|-|36404|43261|
|Bank Interest|12|-|-|430|430|76|
|Designated|2|6948|-|-|6948|60345|
|Rents/lettings|3|3249|-|-|3249|4095|
|Other income|4|1056|-|2105|3161|4965|
|_______ _____________ _____________ ___________ __________|
|Total Income|218133|-|2535|220668|299089|
|________|
|EXPENDITURE|
|Staff Costs|5|107202|-|-|107202|136695|
|Mission|6|33662|-|-|33662|26977|
|Upkeep of Church Buildings|7|56708|-|-|56708|33023|
|Giving to other organisations|8|898|-|-|898|2915|
|Other|9|4777|-|-|4777|1849|
|Administrative Support Cost|10|12878|-|-|12878|19846|
|Partnership Fund|11|2161|-|-|2161|16630|
|Toddlers Group|-|-|906|906|1425|
|______ _____________ _____________ ___________ __________|
|Total expenditure|218286|-|906|219192|239359|
|_______|
|Net income/(expenditure)|
|before transfers|(153)|1629|1476         59729|
|Transfers|-|-|-|-|-|
|Fixed asset revaluation|-|-|-|-|-|
|______ _____________ _____________ ___________ __________|
|Net movement in funds|(153)|-|1629|1476|59729|
|_______ _____________ _____________ ___________ __________|
|Reconciliation of Funds|
|Funds brought forward|1844459|2165|1349101|3195725|3135996|
|_______ _____________ _____________ ___________ __________|
|Funds carried forward|1844306|2165|1350730|3197201|3195725|
|_______|

**----- End of picture text -----**<br>


The notes on pages 9 to 15 form part of these financial statements. 

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## **HEATON BAPTIST CHURCH** 

## **BALANCE SHEET** 

## **YEAR ENDED 31[ST] MARCH 2024** 

||||**2024**||**2023**|
|---|---|---|---|---|---|
||**Notes**|**£**|**£**|**£**|**£**|
|**Fixed Assets**||||||
|Tangible assets|13||3045296||3046544|
|**Current assets**||||||
|Cash at bank & in hand|14|108364||104199||
|Prepayments & Accrued Income||51192||51407||
|||______||______||
|**Total current assets**||159556||155606||
|**Creditors: amounts falling**||||||
|**due within one year**|15|(7651)||(6425)||
|||______||______||
|**Net current assets**|||151905||149181|
|**Creditors: amounts falling**||||||
|**due after more than one year**|**due after more than one year**||-||-|
||||________||________|
|**Net assets**|||3197201||3195725|
||||________||________|
||||________||________|
|**Funds**||||||
|General Fund|17||122296||122449|
|Revaluation Reserve|17||1722010||1722010|
|Designated funds|17||2165||2165|
|Restricted funds|17||1350730||1349101|
||||________||________|
|**Total funds**|17||3197201||3195725|
||||________||________|



These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 

Approved by the Board of Trustees on 29th January 2025 and signed on its behalf by: 

------------------------------DP Tubby Trustee 

The notes on pages 9 to 15 form part of these financial statements. 

`8` 



## **HEATON BAPTIST CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31[ST] MARCH 2024** 

## 1. **Accounting Policies** 

## **Charity information** 

Heaton Baptist Church is a registered charity in England and Wales. The registered office is Heaton Road, Newcastle upon Tyne, NE6 5HN. 

## **Accounting convention** 

for Charities applying FRS102 and UK Generally Accepted Accounting Practice as it applies from 1[st] January 2015. The charity is a Public Benefit Entity as defined by FRS102. 

The accounts are prepared in sterling which is the functional currency of the charity. Monetary amounts in these 

financial statements are rounded to the nearest £. 

The accounts have been prepared under the historical cost convention modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 

- a) All income becoming available to the charity during the year is recognised in the Statement of Financial Activities when they are receivable. 

- b) Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable, unless there are associated performance-related conditions, in which case the grants are recognised in line with the performance-related conditions. 

- c) Expenditure is recognised in the period in which it is incurred.  Expenditure includes attributable VAT which cannot be recovered. All expenditure is allocated to the particular activity to which that cost relates. 

- d) Fixed assets are initially capitalised at cost.  Land and buildings, which are all for charity use, are included in the accounts at deemed cost. Freehold land is not depreciated.  The deemed cost of the freehold buildings less the estimated residual value is considered to be immaterial. This is kept under constant review by the trustees. Depreciation is recognised so at to write off the cost of the solar panels less their residual value over their useful lives on the following bases: 

Freehold land and buildings  Not depreciated Solar panels 25 years 

- f) Pension costs The charity makes contributions to a defined contributions scheme.  The pension costs charged represents contributions payable to the scheme. 

- g) Unrestricted funds are incoming resources receivable or generated by the charity for its objects without further specified purpose and are available as general funds. 

- h) Designated funds are unrestricted funds which have been allocated by the trustees for a particular purpose. 

- i) Restricted funds are to be used for specific purposes laid down by the donor. Expenditure meeting these criteria is charged to the fund along with a fair allocation of management costs. The Building Project consists of gifts made to the Church by members and others, as agreed at Church meetings and grants from other organisations which can be used only for the Building Project. 

- j) The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. 

- k) The entity transitioned to FRS102 on 1[st] April 2015, there were no transitional adjustments required. 

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## **HEATON BAPTIST CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31[ST] MARCH 2024** 

|**2. Designated Offerings and Givings**<br>Church Ministries & Internal Events<br>External Events/Mission & Special Offerings<br>You<br>Various Grants<br>Solar Panels Giving<br>Solar Panels Grant<br>_<br>**Total General Fund**<br>_<br>**3. Rents/lettings**<br>Hire of Church Buildings<br>_|**2024**<br>**£**<br>-<br>480<br>-<br>6468<br>-<br>-<br>_____<br>6948<br>_____<br>**2024**<br>**£**<br>3249<br>_____<br>3249|**2023**<br>**£**<br>614<br>3117<br>830<br>30837<br>14947<br>10000<br>______<br>60345<br>______<br>**2023**<br>**£**<br>4095<br>______<br>4095|
|---|---|---|



## **4. Other Income** 

During a financial year, the Church will receive a number of gifts which are donations towards the costs for services that our members have used or to which they would like to donate. 

|Miscellaneous gifts/offerings<br>Maternity pay/NI refunds<br>**Total General Fund**<br>**Restricted Fund**<br>HBC Toddlers Group|**2024**<br>**£**<br>1056<br>-<br>______<br>1056<br>2105<br>______<br>3161<br>______|**2023**<br>**£**<br>1854<br>950<br>______<br>2804<br>2161<br>______<br>4965<br>______|
|---|---|---|



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## **HEATON BAPTIST CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31[ST] MARCH 2024** 

|**2024**<br>**5. Staff Costs**<br>**£**<br>Gross salaries<br>96185<br>Social security costs<br>3142<br>Pension costs<br>6520<br>Other costs<br>1355<br>______<br>107202<br>______<br>No employee received emoluments of more than £60000 in either this year or last year.<br>**2024**<br>The average number of employees was:<br>4<br>|**2023**<br>**£**<br>109911<br>4286<br>10591<br>11907<br>______<br>136695<br>______<br>**2023**<br>5<br>|
|---|---|
||__|



Included above are the following amounts in respect of trustees of the charity. The constitution permits the employment and remuneration of trustees for performance of other duties for the charity as described in brackets below. 

|D Tubby (Senior Minister)<br>A Innes (Assistant Minister)<br>J Girling (Youth Director)<br>H Rogers<br>E Watts (Office Manager)<br>L Fletcher (Comms/Admin Assistant)<br>**Total**|**Salary**<br>**Housing**<br>**Pension Expenses**<br>**Allowance**<br>**£**<br>**£**<br>**£**<br>**£**<br>34922<br>-<br>4197<br>384<br>18409<br>-<br>897<br>467<br>20894<br>-<br>733<br>365<br>5049<br>-<br>148<br>133<br>16912<br>-<br>534<br>-<br>-<br>-<br>-<br>-<br>______<br>______<br>______<br>______<br>114196<br>-<br>8992<br>11195<br> <br> <br> <br>|**Total**<br>**2023**<br>**£**<br>39503<br>19773<br>21991<br>5330<br>17446<br>-<br>______<br>134383<br>|**Total**<br>**2022**<br>**£**<br>40382<br>35566<br>15125<br>17142<br>17851<br>8587<br>______<br>150442<br>|
|---|---|---|---|



Dave Tubby was appointed as Senior Minister and began in August 2018. He is living in the Church Manse, wholly owned by the church, which was rented out during the period where no senior minister was in post. No sums were reimbursed to Trustees for their work as Trustees. 

The Church pays pension contributions for its Senior Minister to the Baptist Ministers Pension Fund which was a final salary defined benefit scheme. It is not contracted out of the State second pension. As the scheme is a multi-employer scheme, it is not possible to identify the assets and liabilities which are attributable to the church. As it is in deficit, payments continue even with no senior minister in post. In accordance with UK GAAP the scheme is accounted for as a defined contribution scheme. This became on 1 January 2013 a Defined Contribution Scheme for future service into which the Church and Minister pay. The other members of staff also contribute to this pension scheme, with the matched church payments as per the scheme rules. 

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## **HEATON BAPTIST CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31[ST] MARCH 2024** 

|<br>**6. Mission**<br>Baptist Missionary Society(BMS)<br>Home mission Fund(HMF)<br>Junior Church/Creche/Youth Activities (Incl Romania)<br>Evangelism (Incl International Work)<br>Visiting Speakers<br>Worship/PA Equipment<br>Prayer<br>Short term bursaries<br>Grow Baby<br>Food Ministries<br>Internal events/General<br>**7. Upkeep of Church Buildings**<br>Manse (29 Ivymount Road)<br>Church Buildings<br>Gas Electricity and Water<br>Insurances<br>Maintenance and Repairs<br>Replacements/Refurbishment<br>Health and safety<br>Relief Caretaking/Cleaning and Materials<br>**8. Giving to Other Organisations**<br>External Ministry Organisations<br>Heaton Churches Together/Festival|**2024**<br> <br>**£**<br>7900<br>8000<br>1317<br>2123<br>350<br>3453<br>179<br>-<br>123<br>6825<br>3392<br>______<br>33662<br>|**2023**<br>**£**<br>7900<br>8000<br>3376<br>1574<br>200<br>1070<br>408<br>83<br>151<br>3139<br>1076<br>______<br>26977<br>______<br>**2023**<br>**£**<br>4645<br>11064<br>4687<br>5382<br>138<br>-<br>7107<br>______<br>33023<br>______<br>**2023**<br>**£**<br>2415<br>500<br>______<br>2915<br>|
|---|---|---|
||______<br>**2024**<br>**£**<br>5184<br>35205<br>4976<br>8916<br>1332<br>129<br>966<br>______<br>56708<br>||
||______<br>**2024**<br>**£**<br>398<br>500<br>______<br>898<br>||



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## **HEATON BAPTIST CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31[ST] MARCH 2024** 

## **9. Other** 

|Hardship Fund<br>Leaving Gifts<br>Catering<br>Students<br>Miscellaneous-other<br>**10. Administrative Support Costs**<br>Printing, computing, office supplies and postage<br>Telephones<br>Affiliation fees/ Leadership development<br>Bank Charges<br>Independent Examiners Fee<br>Depreciation<br>**11. Partnership Fund**<br>Payments to Church Members working in missions abroad<br>Bank charges and sundry expenses|<br>_<br>|**2024**<br>**£**<br>183<br>1763<br>1668<br>-<br>1163<br>_____<br>4777<br>_____<br>**2024**<br>**£**<br>4274<br>2390<br>912<br>2854<br>1200<br>1248<br>_____<br>12878<br>_____<br>**2024**<br>**£**<br>2161<br>-<br>_____<br>2161<br>|**2023**<br>**£**<br>50<br>1018<br>713<br>68<br>-<br>______<br>1849<br>______<br>**2023**<br>**£**<br>11535<br>1636<br>2857<br>1400<br>1170<br>1248<br>______<br>19846<br>______<br>**2023**<br>**£**<br>16630<br>-<br>______<br>16630<br>|
|---|---|---|---|
||_<br>_<br>|||
||_<br>_|||



## **12. Pearson Legacy** 

During 2020 the church received a legacy from Dorothy and Mary Pearson. The use of it was not defined by the giver but it was agreed that any use would be decide case by case by the members and not treated as part of the General Fund. Therefore it has been treated as a Restricted Fund and held in the separate Deposit Account. Expenditure against this will be highlighted separately in future years. 

|Bank Interest<br>Transfers<br>|**2024**<br>**£**<br>430<br>______-<br>430<br>_______|**2023**<br>**£**<br>76<br>_-<br>76<br>_______|
|---|---|---|



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## **HEATON BAPTIST CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31[ST] MARCH 2024** 

## **13. Tangible Fixed Assets** 

The tangible fixed assets relate to Freehold Land and Buildings at deemed cost (Church Buildings: Heaton Road/Mundella terrace £2714543 and Manse: 29 Ivymount Road £302049) and Solar Panels which are depreciated over their useful economic life. 

|**Freehold Land and**<br>**Buildings**<br>**Solar Panels**<br>**Cost**<br>**£**<br>**£**<br>As 1 April 2023<br>3016592<br>31200<br>Additions<br>-<br>-<br>________<br>________<br>_<br>At 31 March 2024<br>3016592<br>31200<br>________<br>________<br>_<br>**Depreciation**<br>As 1 April 2023<br>**-**<br>**1248**<br>Charge for the year<br>**-**<br>1248<br>________<br>________<br>_<br>At 31 March 2024<br>-<br>2496<br>________<br>________<br>_<br>**Carrying amount**<br>At 31 March 2024<br>3016592<br>28704<br>_______<br>_______<br>At 31 March 2023<br>3016592<br>29952<br>_______<br>_______<br>**14. Cash at Bank**<br>**2024**<br>**£**<br>(Current) Account<br>56675<br>Deposit Account<br>40805<br>Partnership Fund Account<br>-<br>Building Fund Account<br>8596<br>HBC Toddlers Account<br>2288<br>______<br>108364<br>______<br>**2024**<br>**15. Creditors: amounts falling due within one year**<br>**£**<br>Accruals<br>1200<br>Other creditors<br>2195<br>Deferred grants                                                                                                                   2756<br>______<br>6151<br>|**Freehold Land and**<br>**Buildings**<br>**Solar Panels**<br>**Cost**<br>**£**<br>**£**<br>As 1 April 2023<br>3016592<br>31200<br>Additions<br>-<br>-<br>________<br>________<br>_<br>At 31 March 2024<br>3016592<br>31200<br>________<br>________<br>_<br>**Depreciation**<br>As 1 April 2023<br>**-**<br>**1248**<br>Charge for the year<br>**-**<br>1248<br>________<br>________<br>_<br>At 31 March 2024<br>-<br>2496<br>________<br>________<br>_<br>**Carrying amount**<br>At 31 March 2024<br>3016592<br>28704<br>_______<br>_______<br>At 31 March 2023<br>3016592<br>29952<br>_______<br>_______<br>**14. Cash at Bank**<br>**2024**<br>**£**<br>(Current) Account<br>56675<br>Deposit Account<br>40805<br>Partnership Fund Account<br>-<br>Building Fund Account<br>8596<br>HBC Toddlers Account<br>2288<br>______<br>108364<br>______<br>**2024**<br>**15. Creditors: amounts falling due within one year**<br>**£**<br>Accruals<br>1200<br>Other creditors<br>2195<br>Deferred grants                                                                                                                   2756<br>______<br>6151<br>|
|---|---|
|||
||__<br> <br>|



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## **HEATON BAPTIST CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31[ST] MARCH 2024** 

||||**Unrestricted**|**Unrestricted**|**Restricted**|**Restricted**||**Total**|
|---|---|---|---|---|---|---|---|---|
|||||**Funds**||**Funds**||**Funds**|
|**16. Analysis of net assets between funds**||||**£**||**£**||**£**|
|Tangible fixed assets||||1738417|1306879|||3045296|
|Net current assets||||108054||43851||151905|
|Creditors: amounts falling due after more than one||year||-||-||-|
|||||______||______||______|
|||||1846471|1350730|||3197201|
|||||______||______||______|
|**17.   Movement in funds**|**1st**|**Incoming**||**Resources**||||**31st**|
||**April**|**Resources**||**Expended**|**Transfers Revaluation March**||||
||**2023**|||||||**2024**|
||**£**||**£**|**£**|**£**||**£**|**£**|
|**Unrestricted funds**|||||||||
|General funds|122449||218133|(218286)||-|-|122296|
|Property revaluation reserve|1722010||-|-||-|-|1722010|
|**Designated funds**|||||||||
|Partnership Fund|2165||-|-||-|-|2165|
||______||______|______|______ ______|||______|
|**Total unrestricted funds**|1846624||218133|(218286)||-|-|1846471|
||______||______|______|______ ______|||______|
|**Restricted Funds**|||||||||
|Building Fund|1306879||-|<br>-||-|-|1306879|
|HBC Toddlers|1928||2105|(906)||-|-|3127|
|Pearson Legacy|40294||430|-||-|-|40724|
||______||______|______|______ ______|||______|
|**Total restricted funds**|1349101||2535|<br>(906)||-|-|1350730|
||______||______|______|______ ______|||______|
|**Total funds**|3195725||220668|<br>(219192)||-|-|3197201|
||_______||______|______|______ ______|||______|



## **Designated Fund** 

The designated fund is called the Partnership Fund and is used for supporting members of the Church in full time training or ministry. 

## **Restricted Funds** 

The Building Project was completed in 2009. The loan payments and gifts received to pay for this project have been handled separately. The loans are now paid off in full but one member still pays into the fund. The income received by the Toddler group is also restricted and is managed by a dedicated group on behalf of the Church. During 2020 the Pearson Legacy was received by the Church and is treated as a restricted fund see note 12 above. 

## **Transfers** 

No transfers were made during the reporting period. 

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