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 FInanc￿l 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 chaIrn￿n 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 C￿ntinUed 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 aCti￿tIeS coverlng a
full spectrum of ages. These are open Io 8118nd provhled etther free Of cha￿e 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 del￿r 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• y￿r •nd•d 31st D•c•mb•r 2024
Decision making process within t￿ Charity
DeGisions are taken in accordance wilh the fraM￿ork 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 cttu￿h 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 chU￿h 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 d0￿Ment.
The Ch8ritles Act 2011; and
Accountlng and Reportlng ty Charft5es: Statement of Recommended Practlc
applicable to charities P￿paring 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 w￿h 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 re￿8v￿ 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 In￿st￿l 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 p￿pare financlal
statements for each finaneAal year in 8ccordanc* wlth United Klngdom Generally Accepted
Accounting Pract1￿ (Unlted Kingdom Accounting Standards and applScai￿e 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
resourc*s. 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 ap￿Y 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 departu￿5 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 car￿ng 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 prO￿de.
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 stateMe￿S 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
CUrr￿t 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 vdthdrav*Tr.
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 otherY*ise 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. EXpendI￿re 18 recognlzed where there Is a legal or
constructive obligation to make payments to third partles, it is probable that settlement V￿11 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 meaSUra￿e cost to the volunteers for their ser¥ices.

FRIMLEY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 DKember 2024
1. Accountlng polic￿ eonffn￿d
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 capIta￿sed.
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 DeceM￿r 2024
2. Direct Charltable Expend￿re
Mlnl$try:
General Restrictod
Fund
Fund$
Totsl
2024
Total
2023
Minlster8' Stlpend and pension
Youth V￿rker 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 DeceM￿r
funds
2024
Income ExPendI￿r•
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 80￿Ing
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 y￿r 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 DUn￿n 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 knov*fft 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 Stat￿￿nt 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
EXpandI￿r0
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