FRIMLEY BAPTisf CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024 Charity registration 1132849 Frimley Baptlst Church. Balmoral Drlve, Frimley Camberley, Surrey. GU16 9AR www.fbc.or8.uk
FRIMLEY BAPTIST CHURCH CONTENTS Forth• year •nd•d 31 D•cwnb•r 2024 P4• Tru8tee'8 Annual Rep)rt IndeFendent Examlnerf8 Rep)rt Statement of FInancl Actfvitt88 Balance Sheet Notes to the Flnanclal Statsments 8-14
FRIMLEY BAPTIST CHURCH TRUSTEES. ANNUAL REPORT Forth• y•ar •nd•d 31st D•c•mbgr 2024 The TNstees are pleased to submtt thelr Annual Report. Constftutlon Frimley Baptist Church Ohe Church) was conslStuted as a charlty In 2009. The charfty number Is 1132849. A writien constitution which follows the BaptSst Union format sets out the prlnaples by whlch the Church bs organised and managed. A separaie ttust deed contains provisions goveming the church building Mlnlst•r, Tru8ts0$ and Mlnlstry Team During 2024 the Trustee Team and the Mlnlstry Team contlnued to focus on their speclfic 8greed responslbllllies. The Trustees focused on the operation of the chartty In temis of thelr Spirliual oversighl and legal responsibilities. whilst the Ministry Team nCentrated upon the muttitude of areas that they are collectively responsible for (mlnlstry, youth, and pastoral matters). The Mlnister, Trustees. and Mlnlsiry Team members arn appolnted by the memb8ts of the Church In accord8n(x vAth the constltutlon. People are eliglbla to hold the post ofTrustee and member of the MSnlstry Team and Ilmltations apply related to dose famlly members being within the leadershlp (as set out in the FBC constitution). Minlster. Rev. Glyn Thomas, Trustee and chaIrnn of the Trustees and Mlnlstry Team Trusts•$ Derek Wtt Sally Ashford Duncan Matheson Colln Mappertey Mlnlstry Team David Day Rosle Cowperthwalte Joanne Hayes Marflyn Johnson Jamie Hill Pete Cartisle - Appointed May 2024 Dave Doran - Co-opted onto the Ministy Team as the church's You1h Leader.
FRIMLEY BAPTIST CHURCH TRUSTEES, ANNUAL REPORT For th• y•ar •nded 31st D•cembor 2024 Paid Staff Minister Rev Glyn Thomas Bursar Fiona Mapperley Youth Vvorker Dave Doran Church Admlnistrator Mahesh Thapa Magar Community & Pastoral rker Jo Munro ObJ•ctfv•s and ACtlVttl of th• Church The Church has CntinUed its mlnlstry of advancing the Christian faiih in word and action, both locally, nationally, and around the world- supporting other organisations and Indlvlduals through prayer and finandalty. In a norm81 ye8r, the Church runs some 40 aCtitIeS coverlng a full spectrum of ages. These are open Io 8118nd provhled etther free Of chae or for 8 sm811, nominal charge. The main 10'.308m Sunday ser¥ices continued to be live-streamed and subsequently made av8i18ble on YouTube. Groups for men (rhe Shed) and Ladles (Women F8C) met Ihroughout the year, engagirvJ In varfous actlvitles. The Pop-ln café, Midweek Fellowshlp, an English language support group forthose whose first language Is not Enollsh, operated for most weeks durfng the year. In additSon. we work&1 wth some outsK1e org8nL8atlons such as a local prlm8ry school hostlng thelr Chrlstmas and Easter perforniances. We proifjded a daytlme meetlng space for several Cancer support groups linked to Frimley Park Hospital. The church also provlded a Ntnue for health professionals to delr trainSrvJ to schoolteachers. nurses and other c4re providing agencies. We also worf(ed closely wlth some local refug6e famllles. The Church commlts to glve 20% of unrestrtcted Income to a(Xlvitles Outsid8 of Frlmley Baptlst. In addltlon, there are regular collecllons for the 'Communiiy Care, fund (£23,570 In 2024) all of which Is used to support the needy locally, nationally, and intemationally. There were special collections for.. BMS Worfd Mission North Aftica Appeal and Camberley Youth for Christ (in May 2024}; FBC Supported Missionaries (in November 2024),. Homes for Hope - Panama and SAT-7 Radio Ministries (in December 2024). [A full report of the Church's actlvltles can be found In the Church's Annual RerM)rt 2024 presented at the Annual Church Members, Meetlng In May 2025.1 Publlc Bonefft The Trustees have consklered the guldance provmled by the Charily Commisslon regartling publlc benefft and the work of the charty. Traintng of Trustees On appointment Trustees are given an induclion pack to explain the duties and responsibilities of Trustees. Imiere Ministry Team roles carry specific Sponsibl1111e5, training is provided 8S necessary. All Trustees and Ministry Team members undergo safeguarding training and are OBS checked at the enhanc£d level.
FRIMLEY BAPTIST CHURCH TRUSTEES. ANNUAL REPORT For th• yr •nd•d 31st D•c•mb•r 2024 Decision making process within t Charity DeGisions are taken in accordance wilh the fraMork set oui In the Constiiution. The decision of the Church Members. Meeting is final. Proposals for action are brought to the Church Members, Meeting by t¥)th the Trustee group and the Ministry Team. The Trustees retaln formal legal responslb116ties for the effectlve running of the cttuh Ohe charity) and the delivery of its objedives. The Church Meeting may give diredions to the Trustees, but leg81 responsibilities cannot be hekl or delegated by the chUh Meeting (for example in relation to the employment of staffj. From time to time, suwroups of the Ministry Team are convened and assigned to the task of evaluatlng options (within their delegated responsibilriies) and these are discussed in full meetings ofthe Mlnlstry Team. Decislons are made by the Ministry Team, if within their remit, or matters are brought to Ihe Church Member5. Meetlng for dlscussSon and votlng. Budgets are agr88d annually by the Novernb8r Church Members, Meetlng Expendlture Is made only on approval of the budget holder and with du81 sl9natories. Finance The financial statements., have been prepared In accordance wlth the accounting pollcSe8 sel out In notes to the financlal statements. Comply with the charity's govemirYJ d0Ment. The Ch8ritles Act 2011; and Accountlng and Reportlng ty Charft5es: Statement of Recommended Practlc applicable to charities Pparing thelr financlal statements In acconlance wlth the Financlal Reporting Standard appllcable In the UK and Republlc of Ireland ('Charttles SORP). The Church is fin8nc*d by members and other IndivKluals closely associated with rt. There was a surplus on general funds of £39,427 in 2024. Cash has been Invested wh the Cambridge & Counties bank on a short-temi basis lo eam higher rates of interest. The Trustees glNe th8nks lo God for the timely provision of money through His people to enable the work of the church to continue. The Church re8v the major tsks to whlch the Church Is exposed on an annual b8SIS. The Church has general reserves to be able to continue its rninistry, these total £201 ,129 on 31 December 2024. The Church aims to retsin about £40,000 as SerVeS to fulfil its obligations as an employer and io cover any unfor8s8en costs. Any 8ddition81 funds above the reserves level are retalned for future spendlng and wlll be used when appropriate to enhance the minlstry of the Church or develop the Church's premlses. Reserves will be Increased to ensure we meet all our obligatlons. Durlng 2023 a sum of £30,000 w8s 'ring-fenced' for the purposes of supporting the creation of a part time community and pastoral worker post to help promote and fulfil the Church's vislon statement 'Together. conneding Christ, church, and community" by helping delivBr pastoral care and discipleship support to adults and seniors. The fvnds were Instl wrih Skipton Bulkjlng Soclety. During 2024 £14,440 was used leaving 8 surplus of £15,560
FRIMLEY BAPTIST CHURCH TRUSTEES, ANNUAL REPORT Forth• y•ar •nd•d 31 st D•¢•mb•r 2024 Statement of Trustees, Responsibilities The trustees are responsible for preparfng the Annual Report and the financlal statements in accordance wtth appllcaNe law and regulations. The law appllcable to charities in England & Wales requim the trustees to ppare financlal statements for each finaneAal year in 8ccordanc wlth United Klngdom Generally Accepted Accounting Pract1 (Unlted Kingdom Accounting Standards and applScaie law). The trustees must not approve the financial statements unless they are satisfied that they glve a true aTr fair view of the situation of the ch8rtiy and of the incomirYJ resources and application of resourcs. Includlng the Income and expendliure, of the charity for that period. In preparlng these financjal statements. the trustees 8re required to: a) select sultable accountlng pollcies and apY them consistently. b) obser4e the methods and principles in the Charbties SORP. c) make judgments and accounting estirnates that are reasonable and prudent. d) stste whether applicable UK Accountlng Standarrls have been followed, Subje to any materlal departu5 disdosed and ewalned in the financlal statements. e) prepare the financial statements on the going concem basis unless it Ss Inappropriate to presume that the charity will continue to operate. The trustees are reswnsible for keeplng sufficjent acc¥unting records that disclose with reasonable accuracy at any time the financlal posltion of the charlty and enable them to ensure that the financial statements comply with the Charitles Act 2011, the Charfty (Accounts and Reports) Regulatlons 2008 and the provlslons of the trust deed. They are also responslbl8 for safeguarding the assets of the charlty and hence for taklng reasonable steps for the preventlon and detecilon of fraud and other irregularftles. Organlsations Bankers N8tional Westminster Bank plc 45 Parl( Street C8mberfey Surrey GU15 3PA Indepandent Examln•r Andr2*V Skllton ACA Brewers Chartered Accountants Boume House Queen Street Gomshall Sunpy GU5 9LY CAF Bank Ltd 25 Kings Hlll AtrBnue Klngs Hill West Malling Kent ME19 4JQ Approved ty Trustees on 6 May 2025 On behalf of the Twstees D Matheson
FRIMLEY BAPTIST CHURCH Independent Examlnevs Report to the Trustees of Frfmley Baptlst Church I reportto the trustees on my examination of the financial statements of The Frimley Baptist Church (Ihe charity,) for the year ended 31 December 2024 which comprise the Statement of Flnanclal Activities, the Balance Sheet and related notes. Thls report is made soFely to the charlty's trustees, as a boty, in accordance wlth sectlon 145 of the Charilies Act 2011. My WO has been undertaken so that I might state to the charty's truste88 those matters l am required to state to them in this report and for no other purpose. To the fullest extent pemiitted by law, I do not accept or assume responsibll to anyone other than the charity and the charty's trustees as a body, for my work. for thls report. or for the opinions I have fomied. Responslbllttles and basls of rnport As the trustees of the charity you are responsible for the preparatlon of the flnanclal statements In accordance wlth the requirements of the Charities Act 2011 (Ihe Act,). I report In respect of my examination of the charity's financial statements carried out under Sectlon 145 of the Act and in carng out my examlnatlon I have followed all the appllcable Dlrectlons glven by the Charty Comml$sion under sectlon 145(5)(b) of the Act. An Ind8pendent examinaiion does not Involve gathering all the evld6nce that would be required in an audit and consequently does not cover all the matters that an auditor considers in glvlng their oplnion on the financial statements. The plannlng and conduct of an audit goes beyond the limited assurance that an independent examinatlon can prOde. Consequently l express no opinion as to whether the financial ststements present a 'true and falr, webv and my report Is Ilmlted io those sp8dllc matters set out In the Independent examinef s statement. Independent examlnees statement I have completed my examination. I confimi that no mat8rfal matters have come to my attentlon In connection with the examination giving me cause to believe that in any material respect:
accountlng records were kept In respect of the charlty as requlred ty sectlon 130 of the Act., or the Ilnanclal stateMeS do not accord wllh those records: or the financlal statements do not compty with the applicable requirements onceming the fom and content of accounts set out in the Chathies (Accounts and Reports) Regulatlons 2008 other than any requlrement that the accounts give a Yrue and fair view whlch Is not a matter considered as part of an Independent examination. I have no concems and have come across no other matters in connection wlth the examination to which attention should be drawn in this report in order to 8n8ble a proper understanding of the financial statements to be reached. Andrew Skillon, ACA Independent Examiner Brewers Chartered Accountants Bourne House. Queen Street, Gomshall, Surrey, GU5 9LY Date.. 6 May 2025
FRIMLEY BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES For th• year ended 31st December 2024 Oeneral Deslgnated Restricted Funds Funds Funds Total 2024 Total 2023 Noles Income and endowm•nts from Donatlons and legacles Offerlngs and donations Income tax recoverable on donaliixi8 184,116 37,240 221,356 45,638 229,754 201,591 45,003 44,150 274,757 245,741 53,401 Investmant Incon Interest 4,672 5,629 4.672 5,629 1,612 Charftabl• Actlvltt•s Chlldren and youth dub8 Popin Café 820 776 1,596 5,809 6.629 776 7,405 10,321 9,221 5,809 Total Incom• 228 581 287 791 257,674 Expendltyr• Charttabl• Actlvitles Mlnlsty Mlsslon Church prem5se8 Popin Café Support Co8ts 75,529 47,174 30,318 795 75,529 77,190 111,451 97,250 49,271 46,231 795 1,063 49 780 29 746 64,277 18,955 Total Expandllure 203,594 18,955 64,277 288,826 251,480 Net Income l (Expondlturn) for the ywr 24.987 (18,955) (5,067) 965 6,194 Transfer bètweon funds 14,440 (14,440) Other recognised galns l (losses) Actuarial gains l (1088e8) on defined benefft pensions schemes 13 Net Mov•rnirt In Funds 39,427 (33,395) (5,067) 965 6,194 Roconciliation of Funds: Totsl Fund8 brought forward 161,702 458,583 17.348 637,633 631,439 Total Funds carried foNard 201129 425,188 638,598 637 633
FRIMLEY BAPTIST CHURCH BALANCE SHEET At 31st December 2024 2024 2023 Fixed Assets Tanglble fixed 88s8t8 420,077 436,261 CUrrt Assets Debtor8 Bank and c88h 8,924 218,240 227,164 10,838 194739 205,377 Currnnt Liabilitl Credltors.. amounts falling due vAthin one year N•t Currnnt A$ts 218,521 201372 Total Assets Less Current Llabllttle$ Net Assets excludlng Ponslon Llablllty 638,598 637,633 Deflned benefit pension schem8 Pension Ilabi1Sty Totsl Net A•••ts 638 598 637,633 Charlty Funds Unre8trfct8d fvnd8 Deslgnated funds Totsl unrestricted ndS 201,129 425,188 626.317 161,702 458 583 620,285 Restricted fvnd8 10 12,281 17.348 Total Charlty Funds 638,598 637 633 Approved by the Trustees on and slgned on their behalf by: DW ., D Matheson
FRIMLEY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS Y•ar ended 31 December 2024 1. Accountlng Polices Basis of Accountlng The financial 8tatements have been prepared in accordance Nmth 'Accounting and Reporting by Chartties,, Statement of R8¢ommended Practice appllcable to Charitses preparing their accounts in accordance wtth the Financlal Reportlng Standard appllcable In the UK and Republic of Ireland (FRS 102) (Second Edltion)'and the Financial Reporting Standard appllcable In the United Kingdom and Republlc of Ireland (FRS 102) and the Charities Act 2011 and the UK Generally Accepted Practice as it applles from 1 January 2015. The financlal 8tatement8 have been prepared kn glve a u0 and fairf vlew and have departed from the Charltles (Accounts and Reports) Regulatlons 2008 onty lo the exlenl requlred to provlde a 'true and falr vlew. Thls departure has Involved follovAng 'Accountlng and Reporlng by Charltles: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finan¢lal Reportlng Stsndard appllcable In the UK and Republic of Ireland (FRS 102) (Second Ed5ti'on)'rather than the Accounting and Reporting by Charftle8: Statement of Recommended Praotlce effective from 1 April 2005 whl¢h ha8 since been vdthdravTr. Frimley Bapt18t Church meelB the definition of a public benefit en11ty under FRS 102. The Church holds onty baslc ftnanclal Instruments. Assets and Ilabllltie8 are inltlally Te¢ogn18ed at h18torical cost or tran8aclon value unle85 otherYise stated In the relevant accountlng pollcy nots8. The tru8tee8 have assessed whether the use of the golng Mncem ba818 18 approprlate. After maklng enqulrles, e8pe¢lalty conslderlng the Impact of the Coronavlrus pandemlc, the tru8tee8 have concluded that there 18 a reasonable expectatlon that the Charlty has adequate resource for the foreseeable future. The Charity therefore ¢ontinues to adopt the golng concem basis in preparing Its Ilnanclal statements. Incom• Al Incoming resource8 are included In Ihe Statement of Financial A¢tivltie8 en the Charlty18 legally entFtled to the Income after any performance conditions have been met, the amount can be measured rellably and It Is probable that the Income vjill be received. Donatlons, Includlng Income thx recovered on donatlons, are accountsd for gro88 when fecelved. Legacies are aceounted for when probate has been completed, the amount of the legacy can be rellably quantified and the condition8 ofthe legacy are within the control of the church. Investmenl Income18 induded in the accounts In the ar In whlch It Is recefvable. Expondlturn recognltlon All expendllure Is accounted on an ac¢ruals basls. EXpendIre 18 recognlzed where there Is a legal or constructive obligation to make payments to third partles, it is probable that settlement V11 be requlred and the amount ofthe oblig]0n can be measured reliably. Support costs are those that assist the work of the church but do not threctly repre8ent charltable aclivitses and include office costs and govemance costs. A significanl amount of management is carried out thOut charge by volunteers. This irrtangible cost is nol induded In the Slatement of Fknancial Activities since there Is no meaSUrae cost to the volunteers for their ser¥ices.
FRIMLEY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS Year ended 31 DKember 2024 1. Accountlng polic eonffnd VAT Due to the natuie of the Church's activilies, It is outside the scope of VAT and therefore ts financial actlvlties, as ststed, are VAT Indusive. Tanglble fixed assets Fixed assets over £1,000 are capItased. Depreclatlon Is provlded on ¢08t or revalued amount over the estlmated useful Ilve8 of the assets. The rate8 Land and buildings - freehold property 2% straight line basis Fixtures, fittings and equlpment 200h reducing balance bas18 Although the freehold property ha8 been revalued by the Trustees perlodlcally, the Trustees do not intend to revalue the property In the future. Funds Unrestrlcted fund8 are avallable for u8e at the di8cretlon of the tru8tee8 In furtherance of the general obJecfve8 of the charlty and which have not been designaled for other purp08e8. De81gnated funds comprlse unre8tr1cted fvnd8 that have been 8et aslde by the tru8t888 for 8peclfi¢ purp08e8. The revaluation of the freehold property has been treated as a designated fund and is reduced by the annual depreclatSon provided. Restrlcted fund8 are fund8 whlch are to be u8ed In accordance with speclfic r88triction8 Imposed by donor6 or whlch have been ralsed by the chartty for specific purposes. Expendlture whlth meets the crlterS8 1$ charged to the fvnd. The alm and use ol each re8lrfcted fund18 set OLrt In the notes to the financlal statements. Employee boneflts For all ellglble member6 of 8taff the church Pa a ed sum Into thelr personal penslon schemes on a defined contrlbution basls vla the NEST Scheme which complies with Auto-Enrolment. One stsff member Is In the Baptlst Unlon pension 8cheme. In prevlous years the church had paid in to the Baptist Unlon final salary Scheme for mlnlsters. Thls Is a defined benefit scheme and vms found lo be underfunded. The deficit on this scheme has requlred the church to contlnue to pay a fixed amount of £1 per month unlil November 2024 until the Defined Benefit Plan was knund up., 8ee note 13.
FRIMLEY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENT8 For the year ended 31st DeceMr 2024 2. Direct Charltable Expendre Mlnl$try: General Restrictod Fund Fund$ Totsl 2024 Total 2023 Minlster8' Stlpend and pension Youth Vrker salary and pen8lon Expenses Man8e c08ts Other costs 44.117 29,400 2,012 44,117 29,400 2,012 44,401 31,201 1,390 336 75.529 Unyostricted RestrSctod Total 2024 Total 2023 Mlsslon Glven to other cau8e8 {8ee below) Youth and children'8 church Outreach Other group8 42,425 2,204 566 1,989 57,521 6,756 99,946 8,960 556 63,716 10,606 1,438 4,955 111451 Other Caums 2024 2023 Rals•d Gfv•n Ralwl Glven Communlty Care Fund BMS B U {Home M188lon) Appea18'. Chdstma8 Appeals.. Summer Dpeal8'. Turkeylsyrla Earthquake l Ukralne Camberley Youth for Chrbt UCCF (J Carlisle) M & S Vening S & A Matheson RefugeeslAsylum 8eekern Spring Appeal BMS North AfrlcalCYFC Love gift for Nima & famlty Mk8sionaries Christmas Gift Church weekend Westbrook 2024 Other 23,570 24,608 10,038 10,038 10,683 14,246 17,437 11,044 10,928 6,570 8,039 3,203 7,461 3,203 7,461 4,500 1,400 7,647 4,000 3,031 3,000 3,000 7,689 5,000 2,366 8,4( 2,000 3,4S8 5,778 3,630 3,501 8,406 2,000 3,458 5,778 5,171 13,707 80,657 3. Upk•op of Church Prnmlses 2024 2023 Lighting and Heatlng Cleaning Insurances (including Manse £628) Repalrs and maintenance (Indudlng Manse £1.401) Water rates other ¢osts (all Manse) Council tax, watsr rates and broadband Depreciatlon 6,885 5,005 4,939 5,907 1,068 4,250 8,224 4,208 4,264 3,865 1,205 3,609 21,050 46,425 49,110 10
FRIMLEY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS For the year end•d 31st December 2024 4. Support Costs 2024 2023 Office salarie8 and pension Printing, stationery and IT running ¢osts Telephone Bank charges Other adrninistratlon costs Governance costs - Independent Examinatlon fees 36,900 3.397 453 247 5,741 3.042 49,780 Support ¢08ts are fulty allocated to general fiJnd8 and are not allocated to any restricte 16,418 5,189 736 242 4,468 29,748 S. Employws and K•y ManagThnt P•rsonn•l The key management per80nnel of the Charlty comprfse of the trustees, mlnl8ter and youth byorker. The aggregate remuneration paid to key management personnel during the year wa8 £73,517 (2023- £89,017). No tru8tee8 were remunerated for thelr role as trustee. 2024 2023 Wag88 and salaries So¢lal security costs Pen81on c08t8 100,381 3,031 74,981 6,762 110,417 91,422 Average number of employee8 Mlnl8ty Management and admlnl8tratlon No employee recelved remuneratlon in exce88 of £60,000. 8. Tanglblo Flxed Assets Freehokl Computers land & & other Fixturns & Buildings Equlpment Ftttlngs Total Cost At 1st January 2024 Addltlon8 Disposals At 318t December 2024 947,738 50,243 2.446 47,860 1,045,841 2.426 4,872 Dopr¢ciation At 1st January 2024 Charge for the year Disposals At 31st December 2024 519,155 18,955 43.425 1,718 47.000 383 609,580 21,056 38.110 83 630,63 NET BOOK VALUES At 31st December 2024 409,628 7,546 420 077 At 31st December 2023 All of the fixed assets are used for direct ¢harltsb 428,583 e purposes. 436 261 11
FRIMLEY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS For the year end•J 31sl Dxember 2024 7. Dobtorn 2024 2023 Debtor8: Gift aid receivable 10,638 10,638 8,924 8. Crndltors: amounts lalllng du• wlthln on• y•ar 2024 2023 AccrualB 8,643 8,643 4,005 4,005 9. DeSIgnat fund¥ Bulldings Cash Total Balan¢e at 18t January 2024 Incomlng Expend5ture Balan¢e8 at 318t December 2024 428,583 30,000 458,683 18.955 14,440 33,390 409,628 425 188 The maln de81gnated fvnd relate8 to the revaluation of the freehold property le88 depreclalon oharged to the Statement of Flnancial Athities. La8t year £30,000 ¥va8 deslgnated Into a separate bank account and held lo fund an addlts'onal member of Staff a8 a llxed term appointmenl. In the year, £14,440 was Spent from1h18 fijnd In the 8taff member'8 wag•8. 10. R•strlctad funds Balancos at 1 January 2024 Transf•r Balancos at 31 b•tWo•n DeceMr funds 2024 Income ExPendIr• Communlty Care Fund Appeals.. Chri8tma8 Refvge8sIAsylum 8eeker8 Spring Appeal BMS North Afrl¢alCYF Love gift for Nima & frdmlty Mlssionarles Christmas Gift Church weekend We8lbrook 2024 Women F8C Pop-ln Café FBC Junior8 Children'8 Group8 Youth Charity Donation FBC Youth Club Youth Satellites 2024 Youth 80Ing Youth Laser Youth Rend ¢olleCtre Concert 2,926 8,100 2,359 23,570 6,570 3,501 8,406 2,000 3,458 5.778 118 24.608 10.683 2,366 8,406 2,000 3,458 5,778 222 1,888 3,987 3,494 104 1,353 513 1,492 237 264 857 583 513 207 2,921 2,048 105 121 258 1,627 1,285 2,684 1,784 105 258 Total 77 12 81 12
FRIMLEY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS For the yr ended 31st December 2024 11. Funds by Net Assets Unrnstrictsd Funds Deslgnated Fund$ Restrkt Funds Total Funds Flxed A6sets 10,449 409,628 420,077 Current A88ets 199,323 15,560 12,281 227,164 Creditor8 (8.643) (8,643) Net A88et8 201,129 425,188 12,281 638,598 12. Transacllons wlth TN8tws and connoct•d partl•s. Durlng the year th8 trustee8 made donations to the Frimley 8aptist Church of £20.350 (2023 - £15,665). Glyn Thomas, a trustee, was pald a salary of £39,470 pen81on of£4,847 and expen8e8 of£339 Sn h18 Position of Mini8ter of the churt. Expenses relats to travel and training. Th1818 allowed Sn the Char5ty's constitution. The son of DUnn Matheson work8 M4th the charlty Youth Wlth a M168lon, and recelved a donatlon of £5,000 from Frlmley Baptlst Church in the year. 13. PMslon The Church 18 a partldpatÈng employer in the Baptl8t Pen8ion Scheme (Ihe Stheme), Y)Ich 18 a Separate legal entity adnlnistered by the Pen81on Trustee (Baptlst Pen8ion Trust Llmtted). The assets of the Scheme are held separately from th08e of the Enyloyer and the other partl¢lpatlng enyloyer8. The Scheme, prevlou8ly knovfft as the Bapfj8t Mlnlsterf Pension Fund, stsrted in 1925, but via8 closed to future accrual of defined benefits on 31 December 2011. Prior to this date the maln benefft provided through the Defined Benefit {DB) Plan vrfas a pension of one eightieth of final minimum pens5onable income for each year of pensionable service together additional pension in respect of premiums pald on Penslonabla Income in excess of Minimum Penslonable In¢ome. Sln¢e 1 January 2012, benefits have been provlded through a Defined Contribution (DC) Plan. A formal valuation of the DB Plan a8 at 31 December 2019 by a professlonal quallfied Actuary uslng the Projected Unit Method. A the valuallon dats the market value ofthe DB Plan assets vrds £298 mllllon, lIst the level of assets needed to pay beneffts vras £316 mlllion, giving a defedt of £18 mllllon (equ5valent to past service funding level of 94%). The Church and the other participatbng employers in the DB Plan are ¢ollectively responsible for funding this defeLIt. The next actuarial valation of the DB Plan rythIn ttie Scheme was due to tske place not laterlh8n 88 at 31 De¢ember 2022. On 30 June 2022 the Trustees of the Scheme entereed into an agreement ith the Tnsurance company Just Retlrement Limited (Ju81) In 2022 to secure DB Plan men*)ers' beneffts. An updatsd Recovery plan was then signed In August 2022 under vknich recovery contribution8 from each participatlng employer In the DB Plan redu¢ed to £1 per month from August 2022. The DB Plan 111 be closed, (knovm as belng 'Und up? and the V•indng-up process commenced th effect from 31 March 2024. Novemeber 2024 noted that the DB Plan benffts had been transferred over to Just. The Trustees ceasd Ihe colleclion of the £1 Imonth Deficit Re¢overy Contrlbutions at the end of October 2024. Direct debits for these payments have been cancelled and the DB Plan employers no onger have any futher responsibilty tovrdrds the DB Plan. 13
FRIMLEY BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31st December 2024 14. Comparatives for the Statnt of Flnancial Actlvltles - year ended 31 December 2023 General DeSIgnat Restricted Total Fund$ Funds Fund$ 2023 Income and endowments from Donatlons and legacles Offerlng8 and donation8 Income tsx recoverable on donation8 164,069 37,522 201,591 44,150 43,539 245,741 202,202 Investm•nt Incom• Interest 1,612 1,612 Charltable Actfvltl•s Chlldren and youth club8 Popln Café 933 8,288 9,221 2,033 8,288 10,321 Total Incomo 205.847 51827 257 674 EXpandIr0 Charllable Actlvltle• Mlnlsty Mission Church prem18es Café expen8e8 Support Costs 77,190 52.083 27,276 1,063 77,190 97,250 46,231 1.063 45,167 18,955 Total Expendlthrn 187,358 18,955 45,167 251,480 Net Incom• I (Expenditurn) for the year 18.489 (18,955) 8,660 6,194 Transfer between funds 33,780 33,780 Actuarfal galns l (losse8) on defined benefft pension8 8cheme8 Net MoveThnt In Funds 15.291 14,825 6,660 6,194 Reconclllation of Funds.. Totsl Funds brought forward 176,993 443,758 10,688 631,439 Total Funds carried forward 161702 458 583 17,348 637,633 14