STREATHAM
A P T I S T
C H U R C H
STREATHAM BAPTIST CHURCH
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED
31 MARCH 2024
Charity number 1132313

STREATHAM BAPTIST CHURCH
Contents
Page
Referen￿ and Administrative Details
Trustees, Report
Independent Auditors, Report
Statement of Financial Activities
8-10
11
Balance Sheet
12
Notes to the Financial Statements
13-26

STREATHAM BAPTIST CHURCH
REFERENCE AND ADMINISTRATIVE DETAILS
Name and address:
Streatham Baptist Church, 22 Lewin Road, Streatham, London SW16 6JR
Leaders (Trustees) of Streatham Baptist Church:
The Leaders of Streatham Baptist Church during the year and at the date the report was
approved were..
Rev Nathan Lee McGuire
Joint Associate Minister-
Missional
Inducted to Streatham Baptist 0310912017
Resigned 3010912023
Inducted to Streatham Baptist 1210512019
Rev Christopher Randolph
André-watson
Interim Minister
Mrs Jacqueline Wood Ritter Elected Leader
Re-elected on 2610112020 for 2nd 3-year
temi, which was extended to end on
3010912023. Term ended 3010912023
Elected 2611112020 for a 3-year term.
Term ended 2511112023
Ms Jung Khang
Elected Leader
Mr Stephen Joseph
Elected Leader
Elected 2611112020 for a 3-year term.
Term ended 2511112023
Elected 3010912021 for 2 3-year term,
Re*lected 2610912024 for a 3-year term
Elected 2910912022 for a 3-year term
Ms Suzann Douglas
Elected Leader
Mrs Jennifer Mary
Dowlen
Elected Leader
Ms Zeinab Mantau
Elected Leader
Elected Leader &
Treasurer
Elected 3010312023 for a 3-year term
Elected 3010312023 for a 3-year term
Mr Keith Charles Foster
Ms Jessica Ogunbiyi
Mrs Diane Moore
Elected Leader
Elected 1810112024 for a 3-year temi
Elected 1810112024 for a 3-year term
Elected 1810112024 for a 3-year term
Elected 1410312024 for a 3-year term
Elected 2310512024 for a 3-year term
Elected 2310512024 for a 3-year term
Elected Leader
Mr Peter Grant
Elected Leader
Mrs Marilyn Holloway
Mr Richard Ritter
Elected Leader
Elected Leader
Ms Jackie Dale
Elected Leader
Bank:
Natwest Bank plc, 54 Streatham High Road, London, SW16 1 XE
Auditors:
JCS Accountants, 5 Robin Hood Lane, Sutton, Surrey, SM12SW
Properties:
The London Baptist Property Board, Unit C2, 15 Dock Street, London, E18JN holds the titles
to our properties.

STREATHAM BAPTIST CHURCH
CHURCH LEADERS, REPORT FOR THE YEAR ENDED 31 MARCH 2024
Purpose and Activities
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 andlor other parts of the world. This is
achieved by..
Providing an environment in which Christians can worship God and grow in their faith in
the Lord Jesus Christ.
Actively encouraging Christians to develop their faith in the Lord Jesus Christ.
Actively promoting the Gospel of the Lord Jesus Christ locally, regionally, nationally and
internationally.
Undertaking social works in the local communty which will assist in meeting the needs
of the community and bring the Gospel to those who might not otherwise receive it.
Streatham Baptist Church Leaders Can confirm that they are aware of the Charity Commission
guidance on public benefit and have complied with their duty to have due regard to the Charity
Commission's guidance on public benefit (PB1. PB2 and PB3) when reviewing the Church's
objectives, planning its activities and exercising any powers or duties to which the guidance
is relevant.
The Church's main activities which it carries out to fulfil its charitable purposes for the public
benefit, are..
Regular public worship, prayer, Bible study, preaching and teaching"
Baptism as defined by the Baptist Union of Great Britain'5 Declaration of Principle.,
Regular observance of the Communion of the Lord's Supper.
Evangelism and Mission, locally, regionally, nationally and internationally-
The teaching, encouragement. welcome and inclusion of all people regardless of their
background"
Expressing God's love to the community through the mission of the Church.,
Nurture and growth of Christian disciples.
Education and training for Christian and community servi￿,
Giving and encouraging pastoral care"
Supporting and encouraging charitable social action at home and abroad.,
Encouraging relationships with and supporting Baptists and other Christians., and
Raising finance to further the Purpose by re￿iving donations, grants and loans.
Achievements and Performance
Introduction by Chris André-watson, Interim Minister
In part of his farewell message to the disciples in John's gospel (John 15.8), Jesus
compared his relationship with them, to a grapevine and its branches. The fruitfulness of

STREATHAM BAPTIST CHURCH
CHURCH LEADERS, REPORT FOR THE YEAR ENDED 31 MARCH 2024
CONTINUED
the branches, he stated, was dependent on the intimate and deep connection with the
vine. Apart from him, the vine, they could do nothing.
But the fruitfulness of the vine is also dependent on God the Father being the gardener
and pruning the vine to generate more gr0￿h. It may seem counterproductive to cut
something for growlh, but l am reminded of a foresl walk I took whilst on retreat several
years ago and coming across a sign warning that some forestry work was taking place.
The sign explained that to ensure the future growth and health of the forest some of the
more mature trees had to be felled. This was because the sheer size of their canopy
blocked light from getting to the forest floor, thus preventing new trees from emerging.
Those two illustrations of deep connection to Jesus and pruning to ensure fruitfulness were
applicable to the church as we focused on our relationship with him and one another.
The 2024 motto text is based on the church vision and values of being committed to a
lifestyle of worship.
"God is spirit, and his worshippers must worship in the Spirit and in truth."
John 4:24
As we focused on the text Sin￿ the beginning of the year it has been very encouraging to
see church members living out this commitment through their setvice.
Ministry and Mission
The Church is committed to both local and global mission. During 2023124 we continued
to engage the local community through the weekly provision of English classes and the
Friendly Club for the elderly.
The Church is a member of Love Streatham {https."/lwww.lovestreatham.org/) which seeks
to support the homelessness in our area and to support community activities, counselling
and poverty relief. During the winter months the Church specifically provided "The Vine"
as a weekly meal and social evening for homeless people in Streatham.
Specific outreach initiatives were held for Easter 2023 (8 April 2023) and Easter 2024 (30
March 2024). These included streel evangelism and a range of activities at the church
including a barbecue, activities for children and opportunities for spiritual reflection.
Following the Easter 2024 events it was decided that the Church would start a local
mission group to go out into the cotnmunity on a monthly basis. This began to function
later in 2024.
Globally, the Church has continued to support a range of missionaries and Christian
projects in the UK and in Peru, Ghana and India. Turkic Belt Ministries, which had been
supported by the Church since its inception was dissolved as a charity in September 2023
and the Church ceased its support to this work. During the next year the Church is looking
to refresh its international mission strategy and to develop new links for the future.
Leadership and Administration
The appointment of the new Senior Minister remains the main recruitment priority. Despite
two rounds of interviews no appointment was made with the Church voting against the
appointment of the latest proposed candidate in November 2023.

STREATHAM BAPTIST CHURCH
CHURCH LEADERS, REPORT FOR THE YEAR ENDED 31 MARCH 2024
CONTINUED
The 'Wayforward' Steering Group which oversees the appointment pro￿sS, produced an
updated version of the Church profile which reflected changes in church life. The profile
was resubmitted in April 2024 to the Pastoral Vacancy list of Baptists Together, the website
which helps process ministerial appointments for churches.
The past year has been challenging for the Staff Team with the departure of our remaining
Associate Minister.
Responsibilities left by this departure were redistributed amongst the remaining Staff
Team, Trustees, and Volunteers. It has been encouraging to see Members stepping up to
fulfil these roles. We particularly give thanks for four new Trustees to oversee.
Human Resources
Safeguarding
Mission and Discipleship
Enabling.
Further work has been done to help the Church to move towards becoming a Charitable
Incorporated Organisation. Good progress has been made and the work remains on track.
The Church has been kept informed of developments.
Challenges and Opportunities
With a reduced Staff Team, and the Senior Minister post still vacant, the Church faces
some significant challenges. The children's and youth ministry are areas of particular
concern for the coming year. However, Church Members have risen to the challenge by
offering their support and willingness to serve. The breakdown of our church boilers in
December 2023 and the necessity to find a heating system that is fit for purpose and
addresses the heating problems experienced in the past added to the challenges we are
already facing. But whilst this will have major cost implications, the Church is in the
fortunate position to be able to draw on substantial reserves.
We all give thanks to God that through the sacrificial giving of Members and his ongoing
provision, there continue to be sufficient finan￿5 to meet the Church's needs.
Financial Review
Unrestricted Funds
The Church adopted a balan￿d budget for the year.
Offerings and donations, although bolstered by generous giving in the last month, were well
below budget. Fortunately, greater income from hire of premises, together with larger
interest payments from bank deposits and a large legacy, helped to offset some of this
shortFall.
Expenditure was considerably lower than budgeted, principally due to neither a new full-
time Senior Minister, nor a part-time Children's Worker, both of which had been allowed for
in the budget. being appointed. and Rev Nathan McGuire leaving at the end of September.
Due to a complete boiler breakdown in December, our energy cost was considerably below
budget. As the boilers and heating system need to be replaced, the Members agreed on
18th January 2024 to move £40,000 into Premises Reserves to fund in part the new system.
In addition, considerable efforts were also made to minimise costs.
Overall, income exceeded expenditure by £122,368 before transfers and gainsllosses.

STREATHAM BAPTIST CHURCH
CHURCH LEADERS, REPORT FOR THE YEAR ENDED 31 MARCH 2024
CONTINUED
Designated Funds
Designated Funds comprise unrestriGted funds that have been set aside by the Trustees
for particular purposes. The aim and use of each Designated Fund is set out in Note 11.2
to the accounts.
Restricted Funds
Restricted funds are funds which are to be used in accordance with specific restrictions
imposed by donors, or which have been raised by the charity for particular purposes. The
cost of raising and administering such funds are charged against the specific fund. Most of
these funds exist to manage the financial transactions of self-funding groups operating as
part of the ministry and mission of the Church. The purpose and use of each restricted fund
is set out in Note 11.3 to the accounts.
Reserves
The Church's Reserves Policy states the reasons why the Church should hold reserves,
the target level for reserves and monitoring and management of the reserves. This policy
enables the Church's Trustees to properly manage the Church's finances, including
safeguarding the Church's assets and responsibly managing the Church's financial risks in
accordance with their legal responsibilities.
At the year end, the charity had total funds of £5,358.027, of which £5,175,280 was
unrestricted, £135,746 was designated and £47,001 was restricted.
The Net Current Assets at the end of the financial year were £442,619. The actual level of
free reserves (using the Charity Commission definition) held at 31 March 2024 was
£272,035 (£214,958 in March 2023). This is above the target level of £117,988 (one-third
of the 2023-2024 Unrestricted Funds Budget) (£133,520 in 2022-23) because of less
spending during the aftemiath of lockdown and the smaller than anticipated Staff Team. In
setting the level of the reserves the Trustees considered key financial risks in relation to
the continuity of the operation of the Church's charitable activities, including maintenance
of buildings, and unexpected cash-flow disruption.
The designated and restricted funds detailed in Notes 11.2 and 11.3 to the accounts are
not included in these free reserves.
Fundraising
Other than publicly inviting an offering at each worship service, we do not engage In
persistent fundraising or intrusive fundraising practices with any of our donors, including
vulnerable people, and we never have private or coercive discussions with individuals
about their giving. Our fundraising praCtI￿S are ethical and in accordance with Biblical
principles and our Fundraising Policy. No complaints were received about our fundraising
practices.
Risk Management
The Leaders of Streatham Baptist Church acknowledge their responsibilities as Trustees
to ensure that the Church has appropriate risk management processes in place for the
identification, assessment and management of risks fa￿d by the Church. They
strategically oversee a Risk Management Framework which is reviewed annually and
intended to embed a planned and effective approach to risk identification, prevention and
management across all areas of the Church's activities. One Trustee takes particular

STREATHAM BAPTIST CHURCH
CHURCH LEADERS, REPORT FOR THE YEAR ENDED 31 MARCH 2024
CONTINUED
responsibility for overseeing key aspects of risk management and works with the Church
Manager to ensure that key risk management documents are regularly reviewed, updated
as needed, and implemented. This Trustee provides regular reports, advice and
information updates to the Trustees as a whole to help them discharge their responsibilities
for risk management effectively.
The Trustees identified a niimber of risk areas to be addressed during 2023-24: and
approved a plan to address them. Following this, the Trustees approved several new and
revised risk management policies during the year, including finan￿ policies and HR
policies, and updated the Data Protection Policy. Food Safety Policy and Risk Management
Policy. In addition, Trustees revised some governance documents, undertook trustee
training and approved a further risk management plan for 2024-25, which includes
strengthening the Trustee team and review of more policies and procedures.
The Church's Leaders, as Trustees, are satisfied that major risks have been reviewed and
systems or procedures have been or are being established in order to manage those risks.
The Trustees remain alert to any emerging risks and seek to address these by identifying
and prioritising key actions as well as monitoring and evaluating existing systems of control
or mitigation measures.
Structure, Governance and Management
The Church was established in its present form by a Deed of Trust on 31 December 1875,
which was enrolled at the High Courts of Justice (Chan￿ry Division) on 8 March 1876.
The Church was an EX￿pted Charity until 30 September 2009, when, following changes in
Charity Law, a new Constitution was passed by the Church Meeting on 24 September 2009
and the Church was registered as a Charity (number 1132313) on 23 October 2009.
A further amended Constitution was passed by the Church Meeting on 6 March 2022 to
accommodate online Church Meetings due to the Covid-19 pandemic.
The Church is also a member of the Baptist Union of Great Britain and of the London Baptist
Association, both of which are Registered Charities.

STREATHAM BAPTIST CHURCH
CHURCH LEADERS, REPORT FOR THE YEAR ENDED 31 MARCH 2024
CONTINUED
Statement of Church Leaders, l Trustees. responsibilities
The Church Leaders are the Charity Trustees and are therefore responsible for the general
oversight of the Church and for its strategic direction. The present structure of Church
Leadership was introduced on 1 September 1996.
Rev Nathan McGuire and Rev Christopher André-watson were appointed Leaders of the
Church on account of their ministerial appointments with the Church. The Church Leaders I
Trustees are appointed by the Church Members. Meeting.
The Trustees are responsible for preparing the Trustees, Report and the financial statements
in accordance with applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and
Republic of Ireland (United Kingdom GenerallyAccepted Accounting Practice).
The law applicable to charities in England and Wales requires that the Trustees must not
approve the financial statements for each financial year unless they are satisfied that they give
a true and fair view of the state of affairs of the charity and of the income and expenditure of
the charity for that period. In preparing these financial statements, the Trustees are required
to..
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements" and
prepare the financial statements on the going COn￿M basis unless it is inappropriate to
presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charity and enable them to ensure
that the financial statements comply with the Charities Act 2011, the Charity (Accounts and
Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for
safeguarding the assets of the charity and hence fortaking reasonable steps forthe prevention
and detection of fraud and other irregularities.
Signed on behalf of Leaders of Streatham Baptist Church on
Rev,
hristopher Randolph André-watson
I nterim M inister
es Foster
reasurer

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF STREATHAM
BAPTIST CHURCH
Opinion
We have audited the financial statements of Streatham Baptist Church (the "Charity") for the
year ended 31 March 2024 which Gomprise the Statement of Financial Activities, the Balance
Sheet, and notes to the financial statements, including a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including Financial Reporting
Standard 102.. The Financial Reporting Standard applicable iii tlie UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice)
In our opinion, the financial statements-
give a true and fair view of the state of the Charity s affairs as at 31 March 2024 and of its
incoming resources and application of reSoUr￿S for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice,.
have been prepared in accordan￿ with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISA5
(UK) and applicable law. Our responsibilities under those standards are further described in
the Auditor's responsibilities for the audit of the financial statements section of our report. We
are independent of the Charity in accordance with the ethical requirements that are relevant
to our audit of the financial statements in the UK. including the FRC'S Ethical Standard and
the provisions available for small entities and we have fulfilled our other ethical responsibilities
in accordance with these requirements. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees. use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties
relating to events or conditions that. individually or collectively, may cast significant doubt on
the Charity's ability to continue as a going concern for a period of at least 12 months from
when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
Other information
The other infomiation comprises the information included in the annual report, including the
trustees, report, other than the financial statements and our auditor's report thereon. The
trustees are responsible for the other information contained within the annual report. Our
opinion on the financial statements does not cover the other information and, except to the
extent othemise explicitly stated in our report, we do not express any form of assurance
conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained
in the course of the audit, or otherwise appears to be materially misstated. If we identify such
material inconsistencies or apparent material misstatements, we are required to determine
whether this gives rise to a material misstatement in the financial statements themselves. If,

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF STREATHAM
BAPTIST CHURCH
based on the work we have performed, we conclude that there is a material misstatement of
this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Charity and its environment obtained
in the course of the audit, we have not identified material misstatements in the trustee5' report.
We have nothing to report in respect of the following matters in relation to which the Charities
Act 2011 requires us to report to you if. in our opinion-
adequate and proper accounting records have not been kept, or returns adequate for our
audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of trustees, remuneration specified by law are not made", or
we have not received all the information and explanations we require for our audit.
Responsibilities of the trustees
As explained more fully in the trustees. responsibilities statement, the trustees are responsible
for the preparation of the financial statements and for being satisfied that they give a true and
fair view, and for such internal control as they determine is necessary to enable the preparation
of financial statements that are free from material misstatement. whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Charity's
ability to continue as a going concern, disclosing: as applicable, matters related to going
concern and using the going concern basis of accounting unless the trustees either intend to
liquidate the Charity or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 145 and report in accordance with the Act
and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as
a whole are free from material misstatement. whether due to fraud or error, and to issue an
auditor's report that includes our opinion. Reasonable assuran￿ is a high level of assurance,
but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect
a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in
the aggregate, they could reasonably be expected to influence the economic decisions of
users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below..
Based on our understanding of the charity, we identified that the principal risks of non-
compliance with laws and regulations related to employment. financial reporting legislation
and health and safety regulations and we considered the extent to which non-compliance
might have a material effect on the financial statements. We also considered those laws and
regulations that have a direct impact on the preparation of the financial statements such as
the Charities Act 2011.

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF STREATHAM
BAPTIST CHURCH
We assessed the SUS￿ptibl1itY of the charity's financial statements to material misstatement,
including obtaining an underslanding of how fraud might occur. by making enquiries of
management, considering the internal controls in place and discussion amongst the engagement
team.
We determined that the principal risks were related to valuation of fixed asset properties,
management bias in accounting estimates, presentation of separately disclosed items and
management override of controls.
In response to the risks identified we designed procedures which included, but were not limited to
reviewing property valuations, challenging significant accounting estimates, agieeing financial
statement disclosures to underlying supporting documentation, identifying and testing journal
entries, reviewing Trustees, minutes and evaluating the charity's intemal controls.
There are inherent limitations in the audrt procedures described above. The more removed that
laws and regulations are from financial transactions. the less likely it is that we would become aware
of non-compliance. Material misstatements that arise due to fraud can be harder to detect than
those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at: wMv.frc.org.uklauditorsresponsibilities. This description
forms part of our auditor's report.
Use of our report
This report is made solely to the Charity's trustees, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that
we might state to the Charity's trustees those matters we are required to state to them in an auditor's
report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume
responsibility to anyone other than the charity and the charity's trustees as a body, for our audit
work, for this report, or for the opinions we have formed.
Jacob Cavenagh & Skeet
5 Robin Hood Lane
Statutory Auditor
Sutton
Chartered Accountants
Surrey
Date: 2q 2024
SM12SW
Jacob Cavenagh & Skeet is eligible for appointment as auditor of the charity by virtue of its eligibility
for appointment as auditor of a company under section 1212 of the Companies Act 2006.
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STREATHAM BAPTIST CHURCH
BALANCE SHEET AS AT 31 MARCH 2024
Notes
As at 3110312024
As at 3110312023
Fixed assets
Tangible assets
4,915,408
4,917.046
4,915,408
4,917,046
Current assets
Debtors
Cash at bank and in hand
65,264
392,258
25,623
302,938
457,522
328,561
Current liabilities
Creditors: Amounts falling due in
one year
(14.903)
(9,948)
Net current assets
442,619
318,613
Total assets less current liabilities
5,358,027
5,235,659
Provision for liabilities and charges
Net assets
10
5 358 027
5,235 659
Represented by Funds
Unrestricted - General fund
11.1
5,175.280
5,119,840
Designated funds
11.2
135.746
87,940
Restricted funds
11.3
47.001
27.879
Total funds
5,358,027
5,235,659
Signed on behalf of Leaders of Streatham Baptist Church on
Rev
ristopher Randolph André-watson
I nterim Minister
Mr Keith C
Tre
12-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. Accounting policies
Charity information
Streatham Baptist Church is an unincorporated charity (No 1132313). The Church is based
at 22 Lewin Road. Streatham, SW16 6JR.
1.1. Basis of preparation
These accounts have been prepared on an accruals basis (under the historic cost
convention as modified by the revaluation of land and property) and in accordance with the
Charities Act 2011, the Charities Statement of Recommended Practice (Charities SORP
(FRS 102)) and the Financial Reporting Standard 102 (FRS 102). The Church has taken
advantage of the exemption in the SORP from the requirement to produce a cashflow
statement on the grounds that it does not qualify as a larger charity.
The Church meets the definition of a public benefit entity under FRS 102. The accounts are
prepared in pounds sterling rounded to the nearest pound.
1.2. Going concern
At the time of approving the financial statements. the Church Leaders have a reasonable
expectation that the Church has adequate reSoUr￿S to continue in operational existence for
the foreseeable future. Thus, the Church Leaders continue to adopt the going concern basis
of accounting in preparing the financial statements.
The Church is working towards becoming a Charitable Incorporated Organisation. The
Trustees have made an application to the Charity Commission in the 2024-25 financial year.
1.3. Fund Accounting
The funds held by the Church are either:
Unrestricted general funds - these are funds which can be used in accordance with
the Church's objects at the discretion of the Trustees.
Designated funds these are funds set aside by the Trustees out of unrestricted
general funds for specific future purposes or projects.
Restricted funds
these are funds that can only be used for particular restricted
purposes within the objects of the Church. Restrictions arise when specified by the
donor or when funds are raised for particular restricted purposes.
1.4. Income
Donations and other income (including legacies) are included in the Statement of Financial
Activities (SOFA) when the charity has entitlement to the income, it is probable the income
will be received and the amount of income receivable can be reliably measured.
1.5. Expenditure
This is included in the Statement of Financial Activities on an acGruals basis, inclusive of all
VAT (which is not recoverable)- Expenditure which is directly attributable to specific activities
has been included in these cost categories. Where significant costs are attributable to more
than one activity, they have been apportioned across the cost categories on a basis
consistent with the use of these resources.
13-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. Accounting policies (continued)
1.5. Expenditure {continued)
All expenditure is accrued as soon as a liability is considered probable, discounted to
present value for longer term liabilities and has been classified under headings that
aggregate all costs related to the category.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its
activities and services for its beneficiaries. It includes both costs that can be allocated
directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs are those costs associated with meeting the constitutional and statutory
requirements of the charity and include accountants, fees and costs linked to the strategic
management of the charity. These have been allocated directly to charitsble expenditure.
1.6. Grants Paid
Grants and donations are accounted for when paid over. or when awarded, if that award
creates a binding obligation on the church.
1.7.Pensions
The church pays contributions to the Baptist Pension Scheme which is a defined contribution
scheme. Contributions were paid in the period in which they were due.
1.8. Taxation
The Church is not liable for tax on ils charitable activities.
1.9. Tangible fixed assets
Freehold property is stated at fair value at the balan￿ sheet date and the gain or loss in the
year is reflected in the Statement of Financial Activities. Freehold land is not depreciated.
Where the carrying value of freehold buildings is in excess of the residual value. no
depreciation is charged.
Other fixed assets are initially measured at cost and subsequently measured at cost, net of
depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over
their useful lives on the following bases=
Church, Office. and Kitchen Equipment incl. Computers >£500
33.3 %
Fixtures (e.g. boilers. noticeboards)
10.O'/D
1.10.
Debtors
Grants receivable and other debtors are included at the settlement amount due.
Prepayments are valued at the amount prepaid.
1.11.
Short-term deposits
Short-term deposits include cash and short term highly liquid investments with a maturity of
beMeen three and ￿e1ve months from the date of the opening of the deposit.
14-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1.12.
Cash at bank and in hand
Cash at bank and in hand includes cash and short-temi highly liquid investments with a short
maturity of three months or less. Deposits are held at call with banks, Baptist Union, and
London Baptist Property Board.
1.13.
Creditors and provisions
Creditors and provisions are reGognised when the charity has a present obligation arising
from a past event that will probably result in the transfer of funds to a third party and the
amount due to settle the obligation can be measured or estimated reliably. Creditors are
recognised at their settlement amount. Provisions have been calculated at the best estimate
of the settlement amount and then discounted back to present value at the reporting date.
1.14.
Financial instruments
The Gharity only ha5 financial assets and liabllllles of a kind thai qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.
15-

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00

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
3. Expenditure
Charitable activities
2024
2023
Unrestricted Designated Restricted
funds
funds
funds
Total
Total
Ministry Costs
Staff costs
Other ministry costs
Volunteers
Staff training
51.583
3,045
2,737
374
57.739
51,583 106,211
4,534
7,230
2,737
1,243
374
4.551
59.228 119.235
1.489
1.489
Mission
Staff costs
Mission grants
Youth work
Other mission costs
7,909
9,100
1,871
2.797
21.677
7,909
12,580
5,943
4,308
30,740
7,330
15,776
8,894
6,817
38,817
3,480
4.072
1,511
1,511
7,552
Upkeep of Premises
Staff costs
Utilities
Church running costs
Church and manse repairs
Depreceation
24,241
15,704
7.590
30.381
1.638
79,554
24,241
15,704
7,906
54,515
1.638
16 104.004
22,710
15,197
7.747
39,638
2.004
87.296
300
24.134
24.434
Office Staff
Staff costs
63.368
63,368
60.029
Office running costs
Office Supplies
Telephone
IT Contract. Hardware and
Software
Subscriptions & Licences
Communications
4.664
3,826
8,170
4,664
3,826
8,170
3,257
3,359
6,731
6,002
1.711
24,373
6.002
1,711
24,373
6.587
2,632
22.566
Governance costs and other expenditure
Audit Fees
Bank charges
Legal fees
Accounts support
5.940
973
961
2.400
10,274
5,940
973
961
2,400
10,274
6,000
1,030
7,030
Total expenditure
256,985
25,945
9.057 291,987 334,973
17-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
4. Net income l (expenditure)
Net income l (expenditure) includes depreciation of £1.638 (2.(X)4 in 2023).
5. Staff costs
2024
2023
Wages and salaries
Social security costs
Pension costs
Travel
Housing
Telephone
Book Allowance
Other
Total
123.005
5.397
12,086
425
5,036
888
114
150
147 101
185,486
11,945
15,508
461
4.328
677
276
300
218 981
The average monthly number of remuneraled Staff members (FTE) during the year was:
2024
2023
Ministry and Pastoral
Mission
Premises
Administration
Total
0.25
0.25
3.65
5.75
No employees were paid over £60.000 (2023: None).
18-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
6. Tangible fixed assets
Freehold
property
Church
Equipment
Office
Equipment
Kitchen
Equipment
Total
Cost I Valuation
At 1 April 2023
Additions
4.915,000
137,057
32,070
23,591
5,107,718
Disposals
Revaluation
(20,988)
{9,949}
(4,122)
(35.059)
At 31 March 2024
4,915,000
116,069
22,121
19,469
5,072,659
Depreciation and
impairment
At 1 April 2023
Depreciation charged in the
year
Eliminated in respect of
disposals
135,011
32,070
23,591
190,672
1,638
1,638
20,988
9.949
4.122
35,059
At 31 March 2024
115 661
19.469
157 251
Carrying amount
At 31 March 2024
4,915,000
408
4,915,408
At 31 March 2023
4,915,000
2.046
4.917,046
The Church Buildings were valued at £3,500,000 al 31 st March 2023 by independent chartered surveyors
(Land Commercial Surveyors Ltd) based on fair value
The Trustees consulted Land Commercial Surveyors Ltd and. based on their feedback, concluded that the
value at 31 st March 2024 should be unchanged from that at 31st March 2023, i.e. £3,500,000.
The Church also owns properties in Christian Fields (the Manse) and Lewin Road.
Christian Fields was revalued at 31 st March 2023 at £815,000 by independent chartered surveyors (Gateway
Surveyors} based on fair value.
Lewin Road was revalued at 31 st March 2023 at £600.000 by independent chartered surveyors {Gateway
Surveyors) based on fair value.
The Trustees consulted the Nationwide House Price Index which indicated an increase in price for both
properties of 1.60/0 between Q12023 and Q12024. They decided that given this immaterial change it would
be poor use of the charity's funds to pay for further formal valuations after only twelve months and concluded
that the value of each propety at 31st March 2024 should be unchanged from 31st March 2023, i.e. Christian
Fields £815,000 and Lewin Road £600.000.
The original cost of the properlies is not known.
19-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
7. Debtors
2024
2023
Amounts falling due within one year:
Income tax recoverable (Gift Aid}
Other debtors
Prepayments and accrued income
14,375
40.853
10,036
65.264
15,118
180
10,325
25,623
8. Creditors
2024
2023
Amounts falling due within one year:
Accruals and deferred income
14,903
9,948
9. Provisions for liabilities and charges
2024
2023
Liability at 1 April
Deficiency contributions paid in year
Interest Cost
Actuarial {gains)Ilosses on re-measurement of
liability
Liability at 31 March
(See note 12 in respect of pension liabilities.)
22,700
(1,744)
659
(21,615)
10. Analysis of net assets between funds
2024
General
Fund
Designated
Funds
Restricted
Funds
Total
Fund balances at 31 March
2024 are represented by".
Tangible assets
Current assets
Liabilities
4,903.245
286,512
(14,477)
12,163
123,715
(132
4,915.408
457,522
{14,903
47,295
294
5,175.280
135.746
47,001
5,358,027
2023
General
Fund
Designated
Funds
Restricted
Funds
Total
Fund balances al 31 March
2023 are represented by:
Tangible assets
Current assets
Liabilities
4.904,882
228.493
13.535
12.164
73,739
2,037
4,917,046
328,561
9.948
26,329
1,550
5,119,840
87,940
27,879
5,235,659
-20-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
11. Funds
11.1 Unrestricted General Funds
Balance at
1 April 2023
Income
Expenditure
Transfvr5
Gainslllosses)
Balance at
31 March
2024
General fund
5.119,840
348.925
1256.985)
{36.5￿)1
136.500}
5,175.280
5.119.840
348.925
1256.9851
5,175,280
Balance *
1 April
2022
Income
Expenditure
Transfer5
Gainslllosses)
Balance at
31 March
2023
General fund
5,139.710
345.978
{299.926}
{5,922)
{60.oooi
160,0001
5,119,840
5.139,71 r)
345.978
{299.9261
{5.9221
5.119.840
11.2 Designated Funds
Balance at
1 April
2023
Balance at
31 March
2024
Income
ExFenditure
Transfers
Christian Fields
16.420
28.980
112,8491
115.0001
17,551
EquipmentAcuual
15.750
5.000
20.750
Events
105
Fees - Paid lo People for Fu￿tionS
Harvest Offenng
2(K)
240
(3001
{1,0971
140
50
1.047
Photocopier A￿rUar
Premises Reserve
7.500
1.500
9,DOO
41.235
15,4171
45,000
80.818
Christmas
30
{4141
Lewin Road
6.650
6.600
15,868}
7,382
87.940
37.251
25.945
36,500
135.746
Balance at
1 April
2022
Balance at
31 March
2023
Income
Expenditure
Transfers
Christian Fields
1,947
31,2¢X)
{1,7271
115.0001
16.420
Equipment AGGrual
11.750
4.000
15,750
Events
105
105
Fees - Paid to People for FunclJ"olls
150
700
16501
200
Harvest Offering
Photocopier Accrual
Premises Reserve
50
2,039
(2,0391
50
6.lJ)O
1,500
7,500
31.716
17.153)
{3701
16,672
41.235
Christmas
30
Lewin Road
11.840
6.600
{11.7￿)
6,650
63.558
40.939
3.729
7,172
87.940
21

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
11.2 Designated Funds (continued)
Christian Fields
The purF)ose of this fund is to manage the rental income and property
management outgoings of this property during our interregnum period. Surplus funds will be
returned to the General Fund-
Photnc.opier and Equipment Accrual Funds The purpose of these funds is to facilitate planned
purchases of equipment e.g.. photocopier accrual"
Events- This fund contains monies collected for specific events (e.g. fares for travel to an external
event)
Hire Funds - The purpose of these funds is to enable good management of hire fees and deposits
held on a temporary basis.
Harvest Offering- This fund receives the annual Harvesl Offering prior to distribution to the charities
which have been selected to benefit that year
Premises Reserve- The purpose of this fund is to enable major repairs and renovations lo Church
premises to be well managed without regard to the financial year end,
Christmas This fund contains the Christmas Day Collection which is donated as a Christmas gift
to missionaries associated with the Church-
Lewin Road - The purpose of this fund is to manage Ihe rental income and property management
outgoings of this mixed-use property. Surplus funds are returned to the General Fund which
provided the resources for substantial renovation on this property.
11.3 Restricted Funds
Balance at
1 April
2023
Balance at
31 March
2024
Income
Expenditu
Transfers
Conferences
1.552
1100)
1,452
Jelly Tots
1.284
1.284
LDne Parent
Men's Meebngs
80
Mi5SIDn
750
{7901
25
Specified Gifts
Women's meeb.ngs
Young Adults Missional Community
6,575
22.145
12.689)
(2501
26.031
434
800
475
(8871
388
Youth
1,337
1,337
Friendly Club
15.502
4.809
14.3411
15,970
27,879
28.179
9.057
47.001
-22-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
11.3 Restricted Funds (continued)
Balance at
1 April
2022
Balance at
31 March
2023
Income
Expenditure
Transfers
confe￿nCeS
2.120
15681
1,552
Jelly Tols
Lone Parent
1.284
1.284
183
11831
Men's Meets'ngs
Mission
139
1591
80
725
16631
{1,863}
65
Specified Gifts
Women's Meetings
Young Adults Missional Community
Youth
5,628
4.060
{1,2501
6,575
684
1.702
100
11.0021
800
1.300
1.250
11.2131
1,337
Friendly Club
15.666
5,603
15,7671
15,502
28.709
11.738
11.3181
1.250
Conferences- This fund accounts for all church conferen￿$ income and expenditure.,
Jelly Tots
This fund accounts for all the financial transactions of this caring adults and toddler
group
27,879
Lone Parent- This fund accounts for the financial transactions of the self-funding Parenling Alone
Group, which aims to support and encourage lone parents.
Men's Meetings - This fund accounts for all the financial transactions of the Men of Destiny Group
which is self-funding and meets with the aim of providing support and encouraging spiritual growth
and fellowship for the men of the Church through various events.,
Missionary Fund The purpose of this fund is to ensure that all gifts (and any associated lax
recovery) given by Church Members and friends to missionary charities and mission trips specified
by them are passed on to the specified beneficiaries.
Specified Gifts- The purpose of this fund is to ensure that all gifts (and any associated tax recovery)
given by Church Members and friends to charities and other good causes specified by them are
passed on to the specified beneficiaries. After contacling donors in 2022 £1,250 given lo support
people during Covid was transferred to the General Fund-
Women's Meetings- This fund accounts for all the financial trans3Ctions of the Women of Purpose
Group which is self-funding and meets wilh the airn of encouraging spiritual growth and fellowship
among the women of the Church.,
Young Adults - This fund accounts for the financial transactions of On the Edge, which 15 a self-
funding group that aims to meet the spiritual needs of people aged 18-35 who may find il difficult to
engage in conventional church expressions-
Youth Holidays - This fund accounts for all the financial transactions associated with holidays and
other outings that will benefit Ihe spiritual, physical and emotional well-being of those attending
Church youth activities,
Friendly Club - This fund accounts for all the financial transactions of this weekly club which is self-
funding and aims to provide activities for older persons which stimulate their physical, mental and
spiritual life in a supportive and friendly almospheie.
23-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
12 Pensions
Defined Benefit Scheme
The Church is a p2rticipaling employer in the Baptisl Pension Scheme ("Ihe Scheme"), which is a
separate legal entity administered by the Pension Trustee (Baptisl Pension Trust Limited}. The assets
of the Scheme are held separately from those of the Employer and the other participating employers.
The Scheme, previously known as the Baptist Ministers. Pension Fund, started in 1925, but was closed
to future accru81 of defined benefits on 31 December 2011. Prior to this date the main benefit provided
through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable
income for each year of pensionable service together with additional pension in respect of premiums
paid on Pensionable Income in excess of Minimum Pensionable Income.
From January 2012. pension provision is being made through the Defined Contribution (DCI Plan within
the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of
members, Pensionable Income into individual pension accounts. which are operated and managed on
behalf of the Pension Trustee by Broadstone Corporate Benefils Ltd. In addition, the employer pays a
further 410 of Pensionable Income to cover Death in Service Benefits. administration cost5. and an
associated insurance policy which provides income protection for Scheme members if they are unable
to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union
of Great Britain with Aviva Limited.
The Scheme is considered to be a multiemployer scheme as described in Section 28 of FRS 102.
Because it is not possible to attribute the Scheme's assets and liabilities to specific employers, the
Scheme is accounted for as if it was a defined contribLStion scheme.
Actuarial valuation at 31 December 2019
Aformal valuation of the DB Plan as at 31 December 2019 was carried out by a professionally qualified
Actuary using the Projected Unil Method. At the valuation date the market value of Ihe DB Plan assets
was £298 million, whilst Ihe level of assets needed to pay benefits was £31 Sm, giving a deficit of £18
(equivalent to a past service funding level of 940/.). The Church and the other participating employers in
the DB Plan are collectively responsible for funding this deficit.
The key financial assumptions underlying the valuations were as follows=
RPI price inflation assumption
CPI price inflation assumption
Minimum Pensionable Income increases (CPI plus 0.5(/ko pa)
3.20 % pa
Assumed investment returns
Pre-retirement
Post retiremenl
1.70/opa
Deferred pension increases
Pre April 2009
3.200/0 pa
Post April 2009
2.500/0 pa
Pension increases
Main Scheme pension
2.70 % pa
-24-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
12 Pensions (continued)
Post-retirement mortality in accordance with 80 % of Ihe S3NFA and S3NMA tables, with allowance for
future improvements in mortality rates from 2013 in line with the CMI 2019 core projections, wilh a long-
term annual rate of improvement of 1.75 % for rnales and 1.50/. for females, with the core smoothing
parameter and with additional initial mortality improvement faclorA=0.5 /0.
An acluarial valuation of the DB Plan within the Scheme was due to take place not later than 31
December 2022.
Recove
lan
In addition to the contributions to the DC Plan set out above, where a valuation of the DB Plan reveals a
deficit the Trustee and the Council agree to a rate of deficiency contributions from churches and other
employers involved in the DB Plan. On 30th June 2022 the Baptist Pension Scheme signed an
agreement with the insurance company Just Group ("Just") to secure DB Plan members, pension
benefits. Just are now providing financial backing for all pensions provided through the Scheme's DB
Plan and following this transaction, the Scheme no longer has a shortfall. An updated Recovery plan was
then signed in August 2022 under which recovery contributions from each participating employer in Ihe
DB Plan reduced to £1 per month from August 2022.
Exit of Strea
ham Ba tist Church from the DB Sch
Following payment of £1.000 to cover expenses the Church received a letter dated 15 November 2023
from the Trustee of the DB Scheme to confirm the Church's exit from the Scheme..
"Exit of Streatham Baptist Church fmm the Baptist Pension Scheme"
'Further to previous discussion. this letter is to confirm."
With effeGt from 4th September 2023. Strealham Baptist Church has given written notice
that it shall cease to participate in Ihe non-segregated section of the Scheme,
Streatham Baptist Church no longer employs any contributing members of Ihe non-
segregated section of the Scheme. Streatham Baplist Church is not in an active Period of
Grace or Deferred Debt Arrangement and has not agreed to a Flexible Apportionment
Arrangement,.
If the scheme had had an overall 'buy-out deficit" on that date, this would mean Ihal an exit
deDf would be payable..
However, the Tnistee is satisfied that there was no buyout deficit in the Scheme at that date
i.e. the value of the Scheme's assets was greater than the value of its liabilities. calculated
in accordance with the requirements of the Occupational Pension Schemes (Employer Debt)
Regulations,.
The Trustee has received payment of expenses of £1,000 in relation to Streatham Baptist
Church exit from the non-segregated section of the Scheme.
"I can Gonfirm that Streatham Baptist Church has paid all outstanding deficiency recovery payments
to the Scheme. As such Streatham Baptist Church has no further liability to the non-
segregated section of the Scheme.-
Defined Contribution Scheme
Since April 2017 all eligible Slaff have been automatically enrolled in the Defined Contribulions {DC)
Scheme, which is not contracted out of the State Second Pension.
In March 2024, five members of Staff were enrolled in the Scheme.
The Church makes conlributions to this DC Scheme. The assets of the Scheme are held separately from
those of the Church in independently administered fijnds. The pension cost and charge represent
contributions payable by the Church into these funds and amounted to £12,086 {2023.. £15,508)
-25-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
13 Related party transactions
Two Trustees who are both ministers received payment as they are paid members of staff of the charity.
Section 23 of the Church Constitution states that,"Notwithstanding that a Minister or Ministers appoinled
by the Church are Charity Truslees Ihey will be entitled to be paid an agreed remuneration or stipend
out of the general funds of the Church." The amounts below include pension contributions, travel &
mileage, mobile phones, book allowance, accommodation for Rev Nathan McGuire and housing
allowance for Rev Rachel Waitt from April 2022- February 2023.
2024
2023
Rev Chris André-watson
Rev Rachel Waitt
Rev Nathan McGuire
29,230
27,668
40,812
17.817
47,047
95.976
Total remuneration of Key Management Personnel. which comprises the total remuneration of the above
Trustees, amounted to £47,047 (2023.. £95,976).
In addition, thirteen Trustees {2023.' eight) including ministers received expenses totalling £98 (2023:
£341) in respect of training and books.
The Trustees gave unrestricted donations tolalling £46.250 {2023= £33,385) to the charity.
There were no other related party transaclions_
-26-