Annual Report 2023 Contents Trtsstees, Report_for Year Endi 31° December 2023 Introduction Istered office and constitution of the char Name, re￿.. b e¢tsves and activities of the cha Asummaryofthe ￿0b e¢tsofthecharTty as setout in its Summa of the main activities of the cha 0￿mI document in relatt.on to i￿ts ob ects Achievements and performance of the charity Summary of the rnain achievements and perf0m￿nCe of the char Public benefit that is ro¥ided b￿the charity duri ear Structure.Aov= ernance and management of the char Financial re- view Related Parties and transac- tions with rè lated pa. rties The members of the 8oard of Trustees of the Charity at the date the rep_ort and accounts were app.roved were- ?1[¥ dependent_Exarn- iner's Report to the Trustees of Ceme- tery Road Baptlst Church Finance Re Year Endin& 31 December Statement of_Financial activities for the year ended 31 December Balance Sheet as at 31 December Notes to the Accounts Trustees 'Report for Year Ending 31st December 2023 . Introduction TheTrustees are ￿eaSed to present theirreportand accounts forthe year ended 31st December 2022. The financial statements comply with current statutory requirements. the Statement of Recom- mended Practice-Accounting and Reportin8 by Charities (revised 2CKJ51. Name. reglstered office and constltution of the charitv The full and only name of the charity is Cemetery Road Baptist Church. The legal registration details are: Date offormation 1839 The Principal Office is 11. Napier StreeL Sheffield $118HA Chority Registrotion Number 1132964 The telephone numberis 0114 2n 2179 Cemetery Road Baptist Churth {the Church) was formed as an unincorporated charity in 1839. ￿ was excepted from registration with the Charity Commission under section 3151 Ibl of the c￿ritieS Act 1993. This ex¢eption was wthdrawn when the Charities Act 2006 carne into force. During 2C(8 the Church adopted a new constitution (based on the model provided by the Baptist Union of Great Brit- ainl and applied to the Charity Commiss•on to register. This application was accepted on 25th No- vember 2009. Objertives and artovlties of the charlty A summary of the objerts of the charity as set out in Its governln8 document The objectives of the Church are set out in the constitution (adopted on 8th September 2009), as follows.. e principal purpose of the Church is the advancernent of the Chiistian faith according to the prin- Ciples of the Baptist denomination. The Church may also advance education and carry out otherchar- itablè purposes in the United Kingdorn andlor other parts ofthe world." The new constitution also ststes that the activities of the Church may include. but are not restricted to.. regular public worship, prayer, Bible Study. preaCh1r￿ and teaching. baptism, as defined in the Union's Declaration of Principle,. Holy Communion. which will usualty be obseThed at least once a month: evangelism and mission. locally. regionally, nationally and internationally.. the teaching. encouragement, welcome arld inclusion of youn8 people: nurture and growth of Christian disciple5' education and training for Christian and community service,. giving and encouraging pastoral care- supporting and encouraging charitsble social action in the United Kingdom and abroad. encouraging relationships with and supporting Baptists and other Christians. Summary of the rnaln artlvltles of the charfty in relatlon to tts objects Church's services are held at least once a week and are open to members of the community. Holy Communion is usually observed once a month and baptismal seryices are held as appropriate. Each service includes prayer5 of intercession and in 2014. we instslled a post box oUts￿e the Church for prayer rEquests from the local community. Every Sunday during the church Service we offer activities forchildren and young people from O to 18 years of aee. We offer a warm. welcoming and multicultural Junior Churth. with a well-resourced crèche for the little one5 and groups offering snacks and age appropriate crafts. games. bible learning and discussion for the older children and young people. The work of the Church involves outreach projects whith are planned to honour our commitment to ser¥e God throuqh caring for those in need and. when appropriate. to share the Gospel and introduce the Christian faith. Example5 of this include- The Munch Club. participation in community events such as the Sharyow Festival and the Lantefn Festival. We have a150 been glad tr) continue to host è meal making8roup who turn donated food frorn local shops into ready meals to begNen to thosewho need them. They prepare and store these in the church Kitchen ènd deliver them from there. Within the fellowship of the church we encournge people to bel¢)n8 to one of the smaller groups for the specific purposesof Bible Study. Prayer and Fellowship. This enables closer friendships and fellow- ship to take place. Approxirnately 2(k30 people belone to one of the 2 Fellowship groups that meet twice a month. one in person and one on line. The meetin8s usually involve a bible study or topical discussion (with referencE to the Bible), a time of sharing and a time of prayer. Durin8 lockdown an enterprising member started a highly successful "Click and Connecf group on Thursday mornings which has now become a home study group in addition to the groups which are now able to meet again. FiTrJn¢ially the Church relies on collection5 arml donations from its members and others to support these activities. as detsiled in the accounts. We also hold a number of special collections or appeals throughout the year to raise rnoney for causes that the Church partKularly wishes to support. Tradi. tionalEy, the Church also holds an appeal eath year at the time of the Church Anniversary. Summary of the maln aChIeven￿nts and perforniance of the charlty durin8 the year Ministry Revlew In the first few months of 2023 the church was run by the trustees and a group of very wlll- ing volunteers as we awaiting the arrival of our new minister, Revd Andrew Ginn and hi5 wife, Sara, who joined us in February. After a short period of settling in Ifor all of us) we, the whole thurch, have spent some time5 considering what we feel the Lord is calling us to After spendingtime in prayer and worship. we moved to reflecting on the words that are serving as our 5elf-understandinE and callin& before considerin8 our next steps in each.-. That CRBC is and would increasingly be: • A welcomln8 community for people of all ages and background5. helpin8 people join in and belong A Splrft-fllled community, prayin& worshippin& and growin8 in the Fruit and 8ifts of the Holy Spirit • A connected community; a church that is more than Sundays, growing in love for one an- other A learnlng community: growing in our knowledge and love of God. from the Bible and one another, as followers of Jesus • A sent community; going into the world to serve and make disciples. The deacons were pleased to spend an excellent day at the Mayfield Chapel in September where they prayerfully considered those ideas and how the church may move forward to become welcominL spirit filled. connected. learning and sent in respect of both our building and our people. Church Growth Congolese Fellowshlp In March 2014. two families of Congolese refu8ees Started worshipping ¥*ryth us on a Sunday and asked if they could use one of our rooms for a prayer meeting on a Sunday afternoon. They were keen to meet and be able to praise God and pray in their native tongue. Swahili. We agreed. Little did we know at the time how it V￿uld snovlball. Thegroup rapidly grew. with many Congolese fami- lies joining the Fellowship on a Sunday mornin& and the praise and prayer meetings have become a regular feature of life at Cernetery Road Baptist Churth, filling the Chufch with African music on a Sunday. This has now grown into Cross Cultural work to meet the needs of an ever more diverse group Originating from Africa. The Con8olese fellowship has continued to thrive since re-opening the church. We have good links between the main church and the Congolese fellowship. One of the Congolese fellowship is one of the church trustees, Dative Gakuba, who prowdes excellent support and helps us to interact across the language barrier. The Con8ole5e choir often sing at the main service and we have comrnunion services across both communities as we share bfead ènd wine. Iranlan and Kurdish Fellowshlp The Iranian fellowship has becomerather reduced in numbers followingllxkdown and the subsequent re.opening. They continue to meet on Thursday evenings under the leadership of Peter Shepherd, a church rnember. and of Roo Mahmid. an ex member who is Iranian. They have a regular group of approximately 15 members, mostly in person butsome via Zoom. Sevewal of their fegular mernbership a150 attend main Sunday service. Junior Church and Youth Work The number of children attending the church has been father reduced as numbers of attendees has remained lower than prior to lockdown. We do still have a sienifKant number and the youth leaders are still running classes every Sunday to accommodate juniors of all ages from creche up to 18. Several of the olderteens help with the church IT including streaming the service for those people who cannot attend in person. Outreach The Munch Club takes place on Tuesday mornings lead by a group of churth members and has proved as popular as ever. There are approximately 25 regular attenders for lunth and a short talk. One member has started to attend the Sunday Service and has become a very much appreciated "doorman.. The church involvement in the Lansdiy•me Community Projert and Heritage Open Days has r sumed. Pastoral Care The Visitation Committee has kept in touch with various church members who have been unable to attend, for various reasons. The Zoom sen4ices and 5ubwuent streamed services have been well received by those members unable to attend church in person. We have continued to be sn t￿ch wth all our members and offer prayers and practical help for all those in need, including cookiw transport and other help as required. CRBC social medla Since the church re-opened in 2021 the Sunday savi¢es have been streamed live during the service and are available afterwards for mernbers to watch when they can. This has been very helpful foi those members who have diffKuIty in attending in person and has been very well received by many people. We have a church WhatsApp group vthlch has been very useful f¢y keeping in t(￿Ch. The church also has a website which is under regular review and on which details of services etc can be found. This ha5 been updated as we have been updating our whole IT system lo meet our more up to date demands. Property PAG, the Property Advisory Group. have continued to lTr)k after the buildin8S throughout the year. The refurbishing of the church hall and entrance hall is DOW ¢ornpleted. The windows have been re- placed wth etched glass designed by artist Sarah Galloway after consultation with the church. The windows are beautiful and have been much remarked UF4)n by the various 8TOIIP5 use the hall, including two local choiT5. PAG have also reviewed the small caretskerfs house adjacent to the main church which has been used as a residence throughout. Estimates have been obtained for refurbishments to take place next year. The church has now completed the purchase of a new rnanse using the extsting funds from the sale of the previous buildi￿. This is being let to increase church income. Supporting Other Organlsatlons HMF and BMS. The church has re5urned its financial support for these organisations wlthin the Bap- tist Union. Local Foodbank. The church has made donations to Ihe IrKal fo¢)d bank including items from our Harvest Festival ser¥ice. Street Pastors. Several church members continue to take part in this valuable organisation on the streets of Sheffield. This requires them to be on the streets offerirrf cornfort and support as required overnight. Future Plans Our plans for 2024 are ￿ntred around discemin8 the will of God as we move to become a more welcomin& spirit filled, connetted, learning and sent church - how do we See that in the local community? Whatbest use can we make of our building in achievingthose goal The Property Advisory Group 15 makin8 progress with the plans to refurbish the Caretaker's House which require5 some work on the bathroom and also the kitchen. We plan to do this in 2024. Several external groups are using our building at various times in the week for activities as diverse as support groups. munch dub and other churth groups who worship in our build- in8. We continue to house the Food Projett and have￿0 local choirs who rehearse in our hall. We are in discussion with a group who teach English as a Foreign Language to see if we could offer a place for this. Public benefit that Ss provlded by the charity. The objectives of the Church and the public nature of the artivities carried out to fulfil them, coupled with the open and flee invitstion to member5 of the public to parttcipate in them. means they are accepted by the Charity Commission as giving rise to a public benefrt. 50. by working to meet our objectives, we are delivering a reco8nised public benefrt. The trustees confirni that they have paid due r￿ard to the guidance provided by the Charity Commission on public benefit in planning and manag- ing these activities during the year. Structure* governance and management of the charity Nature of the Go¥emln8 DO￿rnent and con5tt￿ ofihe charlty The Church is a member of the Baptist Union of Great Brttain {BUI and the Yorkshire Baptist Associa- tion IY8AI. The Church's current constitution was adopted on 8" September 2009. it was based on the rnodel for Baptist Churches agreed with the Charity Commission by the BU. This constitution reco8- nises the authority of the "property tsusts" ueated by the original Trust Deed dated 30 December 1860. These governing documents impose no specific restrictions on the Church's activities. or on its investment powers, otheT than those imposed by general charity law. The model constitution for Baptist Churches made provision at fdrious points for local practice to be adopted. Our 'local practices, are documented in our standin8 orders, which were approved by the Church meeting on 8th November 2011. Important features of our constitution are that all matters are subject to prnyer and God's direction, and so decisions are made or ratrfied at the rnonthly meetings of Church members. All appointments are made by the members at these rneetings. and they also have the power to terrninate such ap- pointments. The appointed ministers of the Churth retain oversight of all spiritual matters but are answerable to the Church ffleeting thfough the Oeacons. Two key responsibilities of the managine trustees are to draw up an annual budget for each financial year, and to identify the major ri5k5 to whith the tharity is exposed when preparing or updating anv strategic plans. During 2014 the Finan¢eAdwsoryGrwp stood down and was replaced by the Finance Sub￿roUp of Deacons la fomier member of the Finance Advisory Group was invtted to join this group as welll. The Church is sats"sfied thatthe systems are in ptace to mitigate their exposure to those major risks which have been so identified and revithved. The methods •dopted for the reuullment and appokntment of Trew trustee The constitution allows up to Melve members to be appointed as Deacons. Eath such appointment requires approval by • majority of Church rnembers. The CharIt￿S Managin8 Trustees ère both the Deacons and the Ministerls). The Managing Trustees meet regularly to discuss and plan objectives and the irnplementation of them. The induction and trainirva of new trustees is overseen by the Min- ister and longstsndine deacons, drawin8 vthere appropriate on resource5 made available by the BU and Y8A. The Church's custodian trustees are the Y8A. which is an incorporated bodv. Flnanclal review CRB Annual Report Financial details for 2023 Transaction5 and financial position The Statementof Financial Activities shows that during 2023 there was an overall net surplus, after deduction of restricted funds. of £219￿. Unrestrlcted income remained consistent with 2022, but expenditure on general running expenses was increased. largely as a ￿Ult of our employment of our minister foi a full accounting period. The church continues to rise to the thallenge of findi￿8 sufTI- ¢ient funds to carry out the declared airns and objectives of the charity. and 2023 sawthe church beginning to get to grips with lrfe after our period of internegnvm. The totsl reser¥es at the year end. after accounting for unrealised losses and after revaluing invest- rnents, stands at £2323598 wmpared with £2406613 at the end of 2022. Of these figures the value of our land and buildings has increased to £2149959 representing the estimated value of the church buildings. including the Caretakets Cottage at 11 Napier Streetsheffield, and includes the purchase of a new manse at 181 Hemsworth Road, Sheffield. The value of our current assets has reduced which reflects our spendin8 of restrlcted funds on mairtenance olthe Caretaker5 cottage and The Warrner Welcome Project. to impro¥e the foyer. staircase and corridor along the ground floor at the rear of the church property. Overall. these L4 Mlss lols McGr Church Se(retsry Independent Examiner's Report to the Trustees of Cemetery Road Baptist Church I report on the accounts of the charity for the year ended 31 December 2023 whith are set out on pages 10, 11, 12 and 14 of this Report. Respectlve respons1bll1￿es of tru5tee5 and ex•mlner The charivs trustees are responsible for the preparation of the accounts. The charivs trustees con- sider that an audit is not required for ths year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examinalion is needed. It is my responsibility to- examine the accounts under section 145 of the 2011 Act: followthe procedures laid down in the geneial Directions given by the Charity Commission un- der section 14515)Ibl of the ZOII Act: and stste whether partlculaf matters have wme to my attention. Basls of Independent eNamlnef'S report My examination was carried out in accordance wtth the general Directions given by the Charity Com- mission. An examination indude5 a review of the accounting records kept by the charity and a com- parison of the accounts presented wth those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking expLinatii)ns from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair viebrf and the rep￿ is limited to those rnatters set out in thè ststement below. Independent eNamlnerfs statement In connection wth my examination, no matter has come to my attention.. which gives me reasonable cause to believe that. in any material respect, the requirements: to keep accounting records in accordance with section 130 of the 2011 Act. and to prepare accounts which accord with the accounti1￿ records and comply with the ac. counting requirements of the 2011 Act have not been met; or to which, in my opinion. attent%pn should be drawn in order to enable a proper understanding of the accounts to be reached. Independeiit Ex31nincr-5 Report ti) the Trustee5 Ot Ceine'-vri.qoad 83pti>t whurctr, .ie cbariiv for ;.h-: ye.?r de413 I ()..x¢'ni￿.￿r ?()) j IWjliC.!i ?.rc' {)1 t 01) Resoective re:ponsib:.lities of -IL Ustees and ￿xamIner Jit%. TP... rh.: -i.iun L4..11?I OT trI-, Cl)di It.,es Il..t 20L I I rliL' iO11siiJer that ari auillt 21111 Acll ani4 tliAt a., -,iot fPqUf-: Qij lor itr,i' yljar iJndL'r It l Fr.y re5poiisi?Ilitr., tiJ' exiiiniF7Q the aicounl% lipaei section 145 of ihe 21)] l Arl. lolluNv I tric p"iiCi eJU-, yriilLI ie". jiOlI 1451Sllbl cli tlie 2f)I l A- my d I IL'riliop.. ',ry11ll1ssion Oiin >tatE. i*lier P<3fisciii¢f r-:,)lie'. > r'c31 r i(Ili)-I 10 aasis of indepeiydent exainiiier's rerort My examinatior. wa5 Ccll-i led QiSt sn accGrd(lilCQ Vjltli thp. geiiprel OirL5CtIQllS %¥j'lS_:i"i by Tlic f P,ai Itv Com¢nissio,'i. An CAaniiiiation in:IiJdL's a reviLW of this aLCOI.'r)'.. conip&ri50n of tho c7cco￿ntS i)resent?¢l iiij:h ihose ic.cords. It also irc!..JdL￿S co*"_.ider'irion of an¥ uriii8aiiJ5UI¢S 111 Lho concerniiig any suih r).,It:ers. I he procedipres iinclert3keii do n?[ provid.e al! th*? evid£'ilC.- th- i•j()Iild l>e requii'vd iri ap. pudit consefi:5eiitl¥ no opinion Is given as to wlie;hv.r thé acck7lJl1 ts pi e5ont a "triie dnd laif viebv- and Teporr is limited 10 thos= rnatters Set OJ,. .'4 ihE slètemei*i belvw. IndependonL examing.r's Sltstement IT￿ r.onnp.".tion ViiLlI Ty exdifiindli?ri. i)0 maiie.. ha.% corne-o tTiy attentioii." iiilii*h Kive:, m.i-. ri!astiniblp LaLise rg believe th.dt, in any m.41eri31 resPÈ'-t. ti ie i e-, to i.epp PL.-l)ui',(',Yg rece..-ds in arc!rdJ'.Icc ivii4 seLtiJn l JO ol thv ?{111 ,Ict' ii.'ts to prL?)re -:crounil wb.it=11 3ccord ￿lit4 ihe JiCOI.'fjtiAg rrf>r.o*rt£ .")d id c..Jiiipl¥ %trii4l ".1} RCC?iiiilji:p re'Th411ifL3niL'nt5 ()f 'he 20I l Acl havp r)eeri mrt_ Your< sir4cereli, Umar 3Jnjua- ACCA rA4LfjV-J Tya5 Sha'N & CCJ I tLI 3-.5 Reilla..Jds BiJs.'nv.i5 Ker-.trL'. Tdpton Hou_se Roic d. ShLffield. 510 $8Y Cometery Road Baptist Church- 1132964 Anatysis of income and ex￿ndItUTe Select•d peiiod: 01 January 2023 to 31 December 2023 Totsi Thi• ￿Or Lait yoav Ineome and endowments DOnati(￿s and1¢ga¢ies 1001- Oftnngs & planned 91 1004 . G'll aid rec￿ered IOOS_ Dwalion5 & Appeats 1018- l>ant5 75,614 16,740 1.451 75614 16 740 3.124 35 656 71,537 17,162 28,929 58,874 1612 35.656 Donations and ltya¢i•s fotsis 37.328 131.134 176. Incom• fmm Charitable a¢*vlties 1008- Room h11e IC*ects relatedl 1009-Church actNA 3480 1519 2, t60 1.519 Income from ¢harlÉablo rotal$ 2,760 Oth•r trading a¢tiviti•s IOC6- Fundraising Events 1007- Lu•th dub & fiowe Oth•r tr•ding activities Totals Invesfments 1010-Reniof 11NS 1013- lTrcthme- lY&ted fixed asset invesimonts 1014. InCc￿e- unltsied fixed a55èt Inve5ttnenl 1015- Othei baTrk deposrt Intèrest received 1016- Other Inv•stm•nl Income 1020- sa￿ of Manse 305 Cemetry Road. Str*fi*l 5,933 52 2YJ 131 5439 t24 In¥•stments fot•i$ 13.283 13.6C6 6.189 Other Income ID11 - Sharrow fv$lN•l 1012- Room hire Inol obiecis relatedl 1017 . K*"ni$ter in Training Grant 1019- Refund$ 1121 - IrtSur￿￿ claims 1122- rent of rna￿e 13,130 13.130 3.669 12.431 35,352 2,540 1,718 8186 othor Ineom f¢)tsi$ 22.920 59.208 5.387 Incomo and endowm•nts Grand totals 148 377 323 0.249 208.949 190.840 Th•r• m•yb• minordiscr•pAncies in the totals If the penceare notb8ing shown D9 Septernbei 2024 Pag8 1 Totsl Thi5 ytéi Lastytar Expendlture Expendituro on ¢harit&ble activilies EWI - Salaries IGr05sI E002 - National In$uwte IErnF4oyeri EQ)3- Pension c0ntnbu￿1is (EM￿0yeT} E(K14- worki￿ expenses & BlhN¥an E￿5. Staff training & st￿Y ￿ekS E006- MIT Grant E007. Manse Gas & Electri¢ EtsJ8. Manse Insurarrfe E¢J09- Manse upkeep & maintenance EOIO. Manse Water R*$ EO11 - M?nse Counal Tax E012- Lease ttsst of Second Manse EO13- W1511wg SpeaketsIPu¥Jit sUp￿Y E014 - Presentati￿$ E015 . Worship EQ16- FEllowship tr•nOng & mss E017 . Chwch I[￿1ran Eoie- Chuich Te*htsne5 8 Internel E019- Ghutch upkeep & mainienance E020- Chur¢h Ga$ & Electric E021 - Chvrch Water lffleleredl E022- CleaNng E023- Printing. p051age & st81￿rery E024 - Equipment Expenses E025_ Other Church running expenses E025 - 11 NS Gas & F￿GtnC E027. 11NS Upheep & Maintenance E028- Church Inknor & Exterior Deroraling E029- D8nominalional thrtoad) E030- Sub$ & gthrKJ to SSWrt whjer Mis510 E031 . Gi¥in9 to other charit E032- International Ouirg8¢h E033- Irthpendeni Examinerfs lee5 E034- thherfees lo Indepernkni Examinor E035. Costs ￿ D￿¢on￿hUr¢h Meetin9$ E036. Junior Church E037 - Flov￿15 E038. Leg•l Exp•nse8 45.037 4.478 6.183 45.037 4.478 6.183 32.190 1.835 3.294 8.n9 8.739 22 244 359 255 1.267 1.267 5.683 216 2.054 250 1.423 493 S.426 1954 12.357 10 276 869 283 1558 3.329 5.048 1.258 1.256 5.377 2.351 5.377 2.351 156.005 21.697 7,318 1,052 2.C69 2.537 4686 129.250 26,?$4 21,697 1,316 1.057 2.537 14.157 14, 157 1.065 6.793 6,793 7.020 360 Expenditure on charltabl a¢tlvities fotals 115,318 149.091 26,754 291.184 Other expenditur• E039- Purchase of r* manse E039- new manse purchase E040- Coffttr*sUlic￿ 10 oc¢*ss granls 1.2DO 500 Othorexpendltur• Toials 1.200 8.IX)O Expenditure Grand totals 116.518 149.091 26.754 292.364 99.951 ri￿r+￿8Vbe mioordiscrepaftcles Itt the torats tlthepence •re noi bwng shown 09 September 2024 Page 2 Cemetery Road 8apli51 Church - 1132964 Balance Sheet detailed Asat 3111W2023 Asat 3111212022 Fi¥￿ ￿￿ets FAQJ1'. NSB In¢M)e Bty 1 I.LKM) 00 i I.0￿.(￿) FAU)2". Waf SlO(JE FATr)3". Unltsted In¥estrr*nts 1.￿7 80 1.16200 FAfK)4" Oeposil #l YBA FAtsJ7.. L8ThJ & buikJirffJ5 FA(¥J8.. Equipn￿l & fiiiry$ 39.973 38 409.84S 60 2.149,9.59 71 1.784,342 00 Total Flxod assets 2.202,494.95 2,206.349.60 Current assets CA{￿.. C*posrt 8t Y8A CAIkn." HS8C Crfflmunry Acc0J￿(BloW54) CACK)7". HSBC MtThy141anageF 1211451341 CAC#)8'. So￿n0$ Atxrrtmt CAC#J9.' Cash H) *and (Cashl CA010." Petiy Cash CAQ11' Bardays CoMm￿￿Atr￿￿t 1837811511 CA012'. StrK 52.8&4 70 26.571.96 32.697 91 59.244.17 5,2&fj 69 5,280.55 335.00 335 OD 7.98fj 27 94.892 20 1.C•JO 00 1,OOD.QO 91.QO CA013.. Cash Fbjats Lunch Chjb CA014 LurKb Club CA015 Fkxfxcowl 624 55 624 55 CAO16 Youih Work CA017 Funds hekj ty otl 493 00 10.802 $6 3,J9 98 Toial Curront 415ets 112,371.68 191,532.41 L.abilities £699." Agency o>1* Z04". Accounts Payab 18.731791 Total Liatstriies 18.731.791 18.731.791 Not Asset3wplus Idefi¢rti 2,323.$96.42 2,406,613.80 09 Sepiember 2024 Page 1 Asat 3111112023 Asat 3111212022 Ae80r¥eB ExL%5s1 léefrcitl to date Z01. SlartHI9 èaLances 202". (Xhei gaWkJssesl 183.415.181 2.406.813 80 90.889 38 2,312.015 02 399 80 3.709.40 2,323,598.42 2,406.613.80 Represented by Funds 216,227.94 1.684.295.61 423,074.87 183.969.33 1.833.064.01 RestrKte¢J 389.580.46 En￿ry￿nI Total 2.323.598.42 2.406.613.80 09 SeP￿fflber 2024 Page 2 Notes to the Accounts Attounthi8 polkles Ba515 of preparatlon of the accounts The financial statements have been prepared in accordance with all applicable accounting standards, as modified by the Ststement of Recommended Prartbce for Accounting and Re- porting issued by the Charity Commissioners for England & Wales. (revised June 21x181. The accounts have been drawm up in accordance with the provision5 of the Charities (Accounts and Reports) Regulations 2CM)8, and include the results of the charity's operations which are described in the Trustees. Report. all of which are continuing. The charity ha5 taken advantage of the exemption in Financial Reporting Stsndard No I from the requirement to produce a cash flow statement. The particular accounting policies adopted are set out below. Accountknz convenllon The financial ststements are prepared on è going concem basis. underthe historical c05t con- vention as modified by the revaluation of fixed asset investrnents. Incoming resources are accounted for on a receivable basis. Invotmeni Income Investment income is included in the intome and expenditure account on a received basi5. Interest received from the bank and other deposits is also induded on a receipts basis. In accordance with the Statement of Recommended Practice for Accountin8 and Reportinq (revised June 20081. issued by the Charity Commissioners for England & Wales, grants re- ceived in advance and specified by the donor as relatin8 to specific accounting periods, or alteinatively which are subject to conditions which are still to be met. and which are outside the control of the charity. or where it is uncertain whether the conditions can or will be met, are deferred on an aCCTuals basis tothe penod to whbch they relate. Such deferrals are shown in the notes to the accounts and the sums involved are shown as creditors in the accounts. Reco8nltlon of Ilabllltl•s Liabilitie5 are rec￿nISed on the accruals l>asis in attordance with norrnal accounting princi- ples, modified where necessary in accordance with the guidance giveft in the Ststement of Recommended Practicefor Accountingand Reporting {revised June 2C#)81, issued by the Char- ity Comrni55ioners for England & Wales. Resources Expended The policy for including items within thè relevant activity categorles of resource5 expended is as follows: Costs ofgeneratln8 funds The costs of Éenerating funds are inherent in oyeTatiThg as a church and are not considered capable of being separately identified. Charltable activltle5 Charitable expenditure includes all expendituie directl¥ and indirectly related to the objects ofthe charity. Governance costs Governance costs include all expenditure direcdy Telated to compliance with charitable and ststutory requirements. Unreallsed and reallsed Unrealised gain5 and losses are computed by reference tothe market value of the investments at the balance sheet date. compared to the brought forward cost or valuation, with 8ains and 105ses arising on similar categories of investments being netted off. Stocks Slocks are valued at the lower of cost and net realisable value. Investments held by the tharlty The policy for including investments in the accounts is as follows: Listed investments have been indude(l in the balance sheet at their mid-market value at the year end. Unlisted iftveslments comprise holdings ifi unitfunds. these have been included in the balance sheet at the redemption values prevailin8 at the year end. Flxed assets and depredatlon All tangible fixed assets. except freehold land and buildinRS. are stated at cost less depre¢ia- tion. Freehold land and building5 were induded at their estimated fair value in 2003. In the opinion of the Deacons their estimated residual values will not be materially different from their book values, hence depreciation has not been charged. Immaterial items of less than £500 are not capitallsed. Depreaation has been provided at the following rates in order to write off the assets Iless their estimated residual value l over their estimated useful economic lives. Fittings and equipmeTrt- 15% reducing balance A regular review of the likeliho￿ of asset impairment is undertaken. Capltal gr￿ts The managing trustees considerthat, in order tocomplywith the Statement of Recommended Practice for A£¢ounting and Reporting issued by the Charity Commissioners for England & Wale5 Irevi5ed June 2W81. gifts of tangible fixed assets or grants of a capital nature given for specific purposes and fully utilised in the furtherance of the objects of the charity should be credited to the relevant fixed asset fund after the sums have been properly expended on the restricted purpose. The related asset is shown in the balance sheet at the full cost of a¢qui- sition or subsequent revaluation. As a registered charity, the organisation is exempt ffom income and corporation tsx to the extent that its income and gains are applicable to charitsble purposes cffily. Value Added Tax is not recoverable by the charity. and is therefore included in the relevant costs in the State- ment of Financial Attivlties. nance md operatlni leases Rentals payable in respect of operating leases where substsntially all the benefits and risks of ownership remain with the le5￿)r are charged to the Statement of Financial Activities as in- curred. Funds stryctwe pollcy The charity maintains a general unrestricted fund whith represents funds which are expend- able at the discretion of the trustees in furthefance of the Ob￿Cts of ihe charity. Such funds may be held in order to finance both *vkinz capitsl and capital investment Restricted fund5 have been provided to the charity for part•cular purposes. and it is the pollcy of the managing trustees to carefully monitor the application of those funds in accordance with the restrictio￿ placed upon them. A Designated Fixed Asset fund is maintained vthich represents the written down value of tan- gible fixed assets. There is no formal policyof trnnsfer betweenfunds or on the allocation of funds to designated funds, other than that described above. Any other proposed transfer be￿en funds would be considered on the particular circum- stances. Ac¢ountkng for Lezades Legacies are accounted for when in the opinion of the Deacons such receipts are reasonably certain and can be readily quantified. Recognltlon of penslon costs and pens0￿ assets and Ilabillties The church contributes to the Baptist Ministers. Pension Scheme. a final salary lie defined benefitl scherne, whith at its last actuarial valuats.on was underfunded as at 31 December 2007. To try to rectify this. contribution5 were increased by a third frorn l January 2(M)9, but despiteihisthe5ituation of the fund was not improvirea5 much as it needed to do, and during 2011 the Baptist Union decided, reluctantfy, that it would need to close the scheme and re- place it by a new defined contribution scheme. The old scheme was therefore frozen with effect from 31 De¢ernber 2011. véith the liabilities to members that had already been accu- mulated in it being preserved. The new scheme came into operation on l January 2012. and so members and churches are now contributing to this new scheme. and also continuing to contribute to theold scheme inorderto reduce tts shortfall of assets compared with liabilities. Wlndlng up or dlssolutlon of the tharlty If uwn winding up or dissolution of the charity there remain any assets. after the satisfaction ofall debts and liabilities. theassets represented bythe accumulated fund shall betTrnsferred to some other charitable body or bodies having similaT objects to the charity..........