## Trustees’ Annual Report for the period From 01-01-2024 Period start date To 31-12-24 Period end date Charity name: Bramhall Baptist Church Charity registration number: 1133038 Objectives and Activities ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To advance the Christian faith for the
benefit of the public in accordance with the
principles of the Baptist Denomination and
its Statement of Purpose.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|Sunday morning services are held weekly,
with teaching and activities for all ages. An
evening service is held monthly.
A Little Lambs baby & toddler group meets
weekly during term time.
A club for seniors meets fortnightly for
talks, refreshments and outings.
A book club and walks are open to
everyone.
The church is part of Churches Together in
Bramhall & Woodford.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The Trustees have complied with their duty
to have due regard to the guidance on
public benefit, published by the Charity
Commission.| ## Additional information (optional) You may choose to include further statements where relevant about: ||
SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|The church relies on the attendees to
volunteer in various roles to ensure that the
numerous organised activities can take
place.| |Other||| ## Achievements and Performance SORP reference |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The Sunday morning service continued to
be live-streamed for those who were
unable to attend the church in person.
The Little Lambs baby & toddler group
continued to be a vital meeting place for
young children and their parents /
grandparents / guardians. This was
particularly important for new parents and
those who had moved into the area.
The seniors group also provided much
needed social contact for its participants
who are often living alone.|| |---|---|---|---| ## Additional information (optional) You may choose to include further statements where relevant about: |
Achievements against
objectives set|
Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## Financial Review |Financial Review||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The financial position of the church at the
year end was much improved on the
previous year end. This was due to a
review of expenditure and careful
budgeting, combined with increased giving
by attendees.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|| |Amount of reserves held|Para 1.22|About £15,000| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|| ## Additional information (optional) You may choose to include further statements where relevant about: |
The charity’s principal
sources of funds (including
any fundraising)|
Para 1.47|
The church’s funding is by way of personal
giving by the church’s attendees.
The funding is gift-aided where possible.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## Structure, Governance and Management |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Charitable Unincorporated Association| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|The Minister – appointed by a church
members’ meeting.
Other Trustees – elected by the church
members| ## Additional information (optional) You may choose to include further statements where relevant about: |
Policies and procedures
adopted for the induction
and training of trustees|
Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any
related parties|Para 1.51|| |Other||The church has adopted a modified version
of the Baptist Union’s policy for
safeguarding children. All those involved in
children’s and young people’s work have
undergone safeguarding training.| ## Reference and Administrative details |Charity name|Bramhall Baptist Church| |---|---| |Other name the charity uses|| |Registered charity number|1133038| |Charity’s principal address|Woodford Road
Bramhall
Stockport
SK7 1PB| ||| Names of the charity trustees who manage the charity |1
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20|Trustee name|Office (if any)|Dates acted if not for whole
year|Name of person (or body) entitled to
appoint trustee (ifany)| |---|---|---|---|---| ||Stephen Burr|Trustee & Elder||| ||Ruth Meal|Trustee & Elder||| ||Tom Townson|Trustee||| ||Miranda Packard|Trustee & Treasurer||| ||Matthew Pierce|Trustee & Minister||| ||Jan Hughes|Trustee|25-03-24 to 31-12-24|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved Director name Name of trustees holding title to property belonging to the charity Trustee name Dates acted if not for whole year ## Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## Additional information (optional) Names and addresses of advisers (Optional information) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information) ## Exemptions from disclosure Reason for non-disclosure of key personnel details ## Other optional information ## Declarations The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees Signature(s) Full name(s) Miranda Elsie Packard ~~ee~~ Position (eg Secretary, Treasurer Chair, etc) ~~ee~~ Date 1-July-2025 BRAMHALL BAPTIST CHURCH Registered Charity Number: 1133038 ACCOUNTS FOR THE YEAR ENDED 31st December 2024 BRAMHALL BAPTISTCHURCH Page 2 ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 INDEX Page Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Accounts BRAMHALL BAPTIST CHURCH YEAR ENDED 31ST DECEMBER 2024 Page 3 INDEPENDENT EXAMINER'S REPORT TOTHETRUSTEES/MEMBERS OF BRAMHALL BAPTIST CHURCH I report on the accounts of 8ramhall Bapt5st Church for the year ended 31st December 2024 on pages 4-8 attached. Respertlve responslbllltles of trustees and exam5ner The trustees are responslble for the preparation of the accounts. The trustee5 con51der that an audlt 15 not requlred for this yeor under sectlon 144121 of the Charltles Aci 2011 Ithe 2011 Act) and that an Independent examinatlonls needed. Havlng 5atlsfled myself that the charlty Is not 5ublect to audlt under company law and Is ellglble for independent examlnatlon, it is my responslbllity to.. examlne the accounts under sectlon 145 of the 2011 Act to follow the proceedure5 lald down In the general Directlons 8lven by the Charlty Commlsslon under sectlon 4317llbl of the Act; and to state whether particular matters have mme to my attentlon, Basls of Independent Examlner's report My examlnatlon was carrled out In accordance with the General Directlons glven by the Charlty Commlssloners. An examlnatlon includes a revlew of the accountlng records kept by the church and comparlson of the accounts presented wlth these records. It also Includes consideratlon of any unusual Items or dlsclosures In the accounts, and seeklng explanations from you as Church Offlcers concerning ony such matters. The procedures undertaken do not provide all the evldence that would be requlred in an audlt and consequently no oplnlon Is given as to whether the accounts present a 'true and fair view, and the report 15 Ilmlted to those matters set out In the statement below. Independent Exomlner's statement In connectlon wlth my examlnatlon, no matter has Come to my attentlon: 111 whlch gives me reasonable cause to belleve that In any materlal respect the requirement5'.- to keep accounting records In accordance with sectlon 386 of the Companies Act 2006,. and to prepare accounts whlch accord wlth the accountlng records, comply wlth the accountlng requlrements of sectlon 396 of the Companles Act and with the methods and prlncSples of the statement of Recomended Practlce: Accountlng and Reporting by Charltles have not been met,. or 121 to whlch In my oplnlon attentlon should be drawn In order to enable a proper understandlng of the accounts to be reached. David R S Welch FCA, DChA Chartered Accountant & Independent Examlner 3 Alvington Grove, Hazel Grove, Stockport, Cheshire SK7 5LS 31st March 2025 BRAMHALL BAPTIST CHURCH Pag& 4 5TATEMENTOF FINANCIAL ACTIVITIES FOR FOR YEAR ENDED 315TDECEMBER 2024 INCOME 2024 Tot8 und 02 eslricted und General Fund Volunta Incomè General Glvlng Glft Aid Tax Rafvnd8 Other Income 4,5 900 74,826 16,972 7.098 79.126 17.872 7,096 61,601 18.183 7,197 -Volu ta Manse Rental 8ank Inl8re8t Inco 13,965 390 13,965 390 410 G•n•rnl Fund Total 8,400 113.050 113,050 84,370 Do¥lgnatsd Fund# Rebtrlcted Income for M1661ons Glft Ald Tax Refund8 Llttle Lambs HolSday 81 Home Tea Break 32 3,436 245 3.438 245 1.268 1,288 916 123 95 Totsl Church Ineomo 3,682 114,318 117.999 86,448 Totsl Church Expondlturo . Pao• 8.869 84,507 93,376 129.819 NET RESOURCES 15,1871 29,811 24,623 143,1731 Freehold Property Raa1188llon A¢¢ounl Wrfledown {7,7601 17,7801 17,7801 Fund8 brought fO￿Ard 1 January 2024 110,558 86.063 196.622 247,558 115874 213485 BRAMHALL BAPTIST CHURCH Page S srATEMENT OF FINANCIALACTIVITIES FOR FOR YEAR ENDED 31ST DECEMBER 2024 EXPENDITURE 2024 Toial Funds 2023 Ggnoral Fund Restricted Fundy General Funds Note8 Pastor S818ry & Pen8lon Expense8 Tr81nlng 5.400 40.114 1,284 240 45,514 1.284 240 30,463 1.671 544 Man98 Gas. Elec, Watèr, I￿, Wax Repalr& Ktslntsn8nc& Lètting Management Fe BU Loan Int8r•st 1,747 2,729 1,575 10,$51 1.747 2,729 1,575 10.551 3.356 4.928 10,673 Church Ga$, Elec,Phon•, Ins Repalr & Maln¢•nan¢e EquSpm?nl Sund4y Sch¢Jol Prlnt & Pholocopwng BrKJks & Slatlorffjry Sub8. & Llcen¥e8 SFe8kers' expenael Outreach Pastoral Care BAnk Charg8$ other 8,791 3,042 1,359 835 218 14 682 750 378 151 6,791 3,042 1,359 835 218 14 882 750 376 48.958 617 1.823 143 192 230 1,971 2,487 2,487 1,378 Ind•pondent Examln•r 500 soo 500 861ons Ge￿rnI 188lon¥ Reslrkted 7,717 7,717 3,419 13,267 1.827 3,419 Llttlo L8mb8 Tea Break 1,340 1.340 50 888 150 so Toial Exwndiluro 8,889 84,507 93,376 129.819 BRAMHALL BAPTIST CHURCH Page 6 Balance Sheet as at 31 Decernbgr 2024 Notes 2024 2023 FIXED ASSETS Freehold Property al Nel Book Value 318,137 325,897 CURRENT ASSETS Bank and Cash Debtors TOTAL CURRENT ASSET8 36,212 12,513 5,525 18.038 42,567 TOTAL A88ETS 360,704 343,935 LIABILITIES Creditors Manse Loan (due for repayment within 12 month8} (5,156) 8,957 14,114 (2,962} 7,309 NET ASSETS before Long Term Liabilllies 346,590 333,664 Creditor8 due more than 12 months Manse Loan (127,705) (137,043) NETh ASSETS 218,885 196,622 FUNDS UNRESTRICTED General Fund 115,874 86,063 115,874 86,063 RESTRICTED Mission8 Account 1,874 1,661 Freehold Property Equ8lisalion AoGount 101,137 108,897 218.8B5 196,622 Accounts approvgd for Bramhall Baptist Church by:. P6ecLad Mlranda Packard - TNstso and Trgasurer stephen ur Tru5ts9 and Elder 31st March 2025 BRAMHALL BAPTIST CHURCH Page 7 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 1. ACCOUNTING POLICIES AND DEFINITIONS 1.1 The accounts have been prepared under the hislorical cost convention in accordancè with applicable accounting standards and the Charities Act ststement of Recommended Practice. 1.2 GENERAL FUNDS reprèsent unrestricted funds that are not subjéct to any restriction regarding their use and aré available for appllcation towards their use and are available for application towards general purposes. 1.3 RESTRICTED FUNDS hav8 been restricted by the donor for a particular purpose. 1.4 INCOMING RESOURCES are recognised when received, or in the case of glft aid clalms made, when such claim5 are made. 1.5 RESOURCES USED are recognlsed when costs have been Incurred, or for designat8d or speclal glfts, in the same accounting perlod as the related gift is received. 1.6 CAPITAL EXPENDITURE. Expenditure on land and buildings, fumiture, fixture5 and fittings for church use is written off in full during thè year in which the costs are incurred. The church building on Woodford Road, Bramhall was completed in 1993 at a total cost of £339,741. The currènt insured value of the property is £1,898,296 and the contents is £42,099. The church purchased a manse in February 2016 at a cost of £387,974 including alterations and modernisalion for use by the pastor, and this has been capitalised and is dapreciated at 20/0 p.a. straight line method. The current insured value of the manse building is £1,000,000 on a blanket policy. Contents of common parts is £10,000. 2. VOLUNTARY INCOME Other income 024 Beswlck Trust Other income Insurance Claim 5,396 1,700 3,634 1,127 2,436 £7,096 £7.197 BRAMHALL BAPTIST CHURCH Page 8 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 3.1. MISSIONARY GIVING AND OUTREACH 024 202 Missionary giving was as follows - nr Mlk8 and Jesslca Shore Mess8ge Trust Millennlum Youth Bar Trust I"Tho Mill") Chrlstians in SchoLIIs Baptist Union Home Mls$8lon Hotshots Christian Solldarlty Worldwlde Ploneers Tearfund Holiday at Home Thursday Club lan and Wendy Davies Good News for Everyone IGideon81 Rowlèy Projects Release International Tea Break 1.200 1.800 600 1,200 550 1,200 1,600 600 1,200 550 2,400 3.200 4,800 1,200 1,550 20 1.2CN) 1.5¢)0 526 1,389 300 751 1,356 1,200 1,500 751 1,356 154 500 250 725 750 50 154 225 250 725 13 275 737 3.2 RESTRICTED FUND MISSIONARY GIVING rou Carr orwar ut sourc Gift8 for restrlcted purpo$¢s - Hotshots Ploneers Taarfund Holiday at Homg Tea Break Rel8asg Inlernallonal othgr 1,174 1,174 240 621 1,619 60 130 1300> 1731} 11.3561 1501 17371 12751 392 95 655 45 737 220 55 Totsl¥ - Rgstrfctsd Funds £1,661 £3,436 £245 3,469 £1,874 BRAMHALL BAPTIST CHURCH Page 9 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 4. Marffjo The manse wa5 purthosed in February 2016 at a cost of £370.015 and the property required renovatlng and updating lotalling £17,959 bringing Ihe total expenditure lo £387,974. and Ihls wa8 funded as below. In occordance wllh Standard accounting piacliGe, the propety15 depredated al 2% per annum. To asslst in the purchase of the manse the church took a loan with the 88plisl Union Corporallon in the amount of £225,000 repayable over 25 years al a variable interest rate cuirentty 7.00% p.a. The Baptist Unlon Corporation is the holding Iru8tee of the manse and the church is the beneficial owner. S. BANK AND CASH BALANCES The church bank accounts Incorporate the Ggneral Fund, Hollday al Home and Little L8mb$ group. 2024 2023 G￿traI Fund Little Lambs Holhday at Hom8 35.235 322 655 £36,212 12,118 395 £12,613 6. FREEHOLD PROPERTY EQUALISATION ACCOUNT Th55 represents the difference bètween the manse total cost and the loan whlch Is held as a reserve a8alnst whlch the bulldln8 depredatlon Is charged, thus eventually redu¢ln8 It to nil over a perlod of years. 7. TRUSTEES The current frustees Includlng those who have sèrved durln8 the year are:_ Matthw Plorce Stephan Burr Ruth Meal iranda Packard Thom88 Townson Janet Hughas fr¢m 25th March 2024 8. POST BALANCE SHEET EVENTS The CharltyTrustees tO8ther with all the church mernbers have a8reed to transfer the charity into a Charltable Incorporated Orlganlsatlon. It Is expected that thls wlll be achieved durlng 2025. BRAMHALL BAPTIST CHURCH Registered Charity Number: 1133038 ACCOUNTS FOR THE YEAR ENDED 31st December 2024 BRAMHALL BAPTISTCHURCH Page 2 ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 INDEX Page Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Accounts BRAMHALL BAPTIST CHURCH YEAR ENDED 31ST DECEMBER 2024 Page 3 INDEPENDENT EXAMINER'S REPORT TOTHETRUSTEES/MEMBERS OF BRAMHALL BAPTIST CHURCH I report on the accounts of 8ramhall Bapt5st Church for the year ended 31st December 2024 on pages 4-8 attached. Respertlve responslbllltles of trustees and exam5ner The trustees are responslble for the preparation of the accounts. The trustee5 con51der that an audlt 15 not requlred for this yeor under sectlon 144121 of the Charltles Aci 2011 Ithe 2011 Act) and that an Independent examinatlonls needed. Havlng 5atlsfled myself that the charlty Is not 5ublect to audlt under company law and Is ellglble for independent examlnatlon, it is my responslbllity to.. examlne the accounts under sectlon 145 of the 2011 Act to follow the proceedure5 lald down In the general Directlons 8lven by the Charlty Commlsslon under sectlon 4317llbl of the Act; and to state whether particular matters have mme to my attentlon, Basls of Independent Examlner's report My examlnatlon was carrled out In accordance with the General Directlons glven by the Charlty Commlssloners. An examlnatlon includes a revlew of the accountlng records kept by the church and comparlson of the accounts presented wlth these records. It also Includes consideratlon of any unusual Items or dlsclosures In the accounts, and seeklng explanations from you as Church Offlcers concerning ony such matters. The procedures undertaken do not provide all the evldence that would be requlred in an audlt and consequently no oplnlon Is given as to whether the accounts present a 'true and fair view, and the report 15 Ilmlted to those matters set out In the statement below. Independent Exomlner's statement In connectlon wlth my examlnatlon, no matter has Come to my attentlon: 111 whlch gives me reasonable cause to belleve that In any materlal respect the requirement5'.- to keep accounting records In accordance with sectlon 386 of the Companies Act 2006,. and to prepare accounts whlch accord wlth the accountlng records, comply wlth the accountlng requlrements of sectlon 396 of the Companles Act and with the methods and prlncSples of the statement of Recomended Practlce: Accountlng and Reporting by Charltles have not been met,. or 121 to whlch In my oplnlon attentlon should be drawn In order to enable a proper understandlng of the accounts to be reached. David R S Welch FCA, DChA Chartered Accountant & Independent Examlner 3 Alvington Grove, Hazel Grove, Stockport, Cheshire SK7 5LS 31st March 2025 BRAMHALL BAPTIST CHURCH Pag& 4 5TATEMENTOF FINANCIAL ACTIVITIES FOR FOR YEAR ENDED 315TDECEMBER 2024 INCOME 2024 Tot8 und 02 eslricted und General Fund Volunta Incomè General Glvlng Glft Aid Tax Rafvnd8 Other Income 4,5 900 74,826 16,972 7.098 79.126 17.872 7,096 61,601 18.183 7,197 -Volu ta Manse Rental 8ank Inl8re8t Inco 13,965 390 13,965 390 410 G•n•rnl Fund Total 8,400 113.050 113,050 84,370 Do¥lgnatsd Fund# Rebtrlcted Income for M1661ons Glft Ald Tax Refund8 Llttle Lambs HolSday 81 Home Tea Break 32 3,436 245 3.438 245 1.268 1,288 916 123 95 Totsl Church Ineomo 3,682 114,318 117.999 86,448 Totsl Church Expondlturo . Pao• 8.869 84,507 93,376 129.819 NET RESOURCES 15,1871 29,811 24,623 143,1731 Freehold Property Raa1188llon A¢¢ounl Wrfledown {7,7601 17,7801 17,7801 Fund8 brought fO￿Ard 1 January 2024 110,558 86.063 196.622 247,558 115874 213485 BRAMHALL BAPTIST CHURCH Page S srATEMENT OF FINANCIALACTIVITIES FOR FOR YEAR ENDED 31ST DECEMBER 2024 EXPENDITURE 2024 Toial Funds 2023 Ggnoral Fund Restricted Fundy General Funds Note8 Pastor S818ry & Pen8lon Expense8 Tr81nlng 5.400 40.114 1,284 240 45,514 1.284 240 30,463 1.671 544 Man98 Gas. Elec, Watèr, I￿, Wax Repalr& Ktslntsn8nc& Lètting Management Fe BU Loan Int8r•st 1,747 2,729 1,575 10,$51 1.747 2,729 1,575 10.551 3.356 4.928 10,673 Church Ga$, Elec,Phon•, Ins Repalr & Maln¢•nan¢e EquSpm?nl Sund4y Sch¢Jol Prlnt & Pholocopwng BrKJks & Slatlorffjry Sub8. & Llcen¥e8 SFe8kers' expenael Outreach Pastoral Care BAnk Charg8$ other 8,791 3,042 1,359 835 218 14 682 750 378 151 6,791 3,042 1,359 835 218 14 882 750 376 48.958 617 1.823 143 192 230 1,971 2,487 2,487 1,378 Ind•pondent Examln•r 500 soo 500 861ons Ge￿rnI 188lon¥ Reslrkted 7,717 7,717 3,419 13,267 1.827 3,419 Llttlo L8mb8 Tea Break 1,340 1.340 50 888 150 so Toial Exwndiluro 8,889 84,507 93,376 129.819 BRAMHALL BAPTIST CHURCH Page 6 Balance Sheet as at 31 Decernbgr 2024 Notes 2024 2023 FIXED ASSETS Freehold Property al Nel Book Value 318,137 325,897 CURRENT ASSETS Bank and Cash Debtors TOTAL CURRENT ASSET8 36,212 12,513 5,525 18.038 42,567 TOTAL A88ETS 360,704 343,935 LIABILITIES Creditors Manse Loan (due for repayment within 12 month8} (5,156) 8,957 14,114 (2,962} 7,309 NET ASSETS before Long Term Liabilllies 346,590 333,664 Creditor8 due more than 12 months Manse Loan (127,705) (137,043) NETh ASSETS 218,885 196,622 FUNDS UNRESTRICTED General Fund 115,874 86,063 115,874 86,063 RESTRICTED Mission8 Account 1,874 1,661 Freehold Property Equ8lisalion AoGount 101,137 108,897 218.8B5 196,622 Accounts approvgd for Bramhall Baptist Church by:. P6ecLad Mlranda Packard - TNstso and Trgasurer stephen ur Tru5ts9 and Elder 31st March 2025 BRAMHALL BAPTIST CHURCH Page 7 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 1. ACCOUNTING POLICIES AND DEFINITIONS 1.1 The accounts have been prepared under the hislorical cost convention in accordancè with applicable accounting standards and the Charities Act ststement of Recommended Practice. 1.2 GENERAL FUNDS reprèsent unrestricted funds that are not subjéct to any restriction regarding their use and aré available for appllcation towards their use and are available for application towards general purposes. 1.3 RESTRICTED FUNDS hav8 been restricted by the donor for a particular purpose. 1.4 INCOMING RESOURCES are recognised when received, or in the case of glft aid clalms made, when such claim5 are made. 1.5 RESOURCES USED are recognlsed when costs have been Incurred, or for designat8d or speclal glfts, in the same accounting perlod as the related gift is received. 1.6 CAPITAL EXPENDITURE. Expenditure on land and buildings, fumiture, fixture5 and fittings for church use is written off in full during thè year in which the costs are incurred. The church building on Woodford Road, Bramhall was completed in 1993 at a total cost of £339,741. The currènt insured value of the property is £1,898,296 and the contents is £42,099. The church purchased a manse in February 2016 at a cost of £387,974 including alterations and modernisalion for use by the pastor, and this has been capitalised and is dapreciated at 20/0 p.a. straight line method. The current insured value of the manse building is £1,000,000 on a blanket policy. Contents of common parts is £10,000. 2. VOLUNTARY INCOME Other income 024 Beswlck Trust Other income Insurance Claim 5,396 1,700 3,634 1,127 2,436 £7,096 £7.197 BRAMHALL BAPTIST CHURCH Page 8 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 3.1. MISSIONARY GIVING AND OUTREACH 024 202 Missionary giving was as follows - nr Mlk8 and Jesslca Shore Mess8ge Trust Millennlum Youth Bar Trust I"Tho Mill") Chrlstians in SchoLIIs Baptist Union Home Mls$8lon Hotshots Christian Solldarlty Worldwlde Ploneers Tearfund Holiday at Home Thursday Club lan and Wendy Davies Good News for Everyone IGideon81 Rowlèy Projects Release International Tea Break 1.200 1.800 600 1,200 550 1,200 1,600 600 1,200 550 2,400 3.200 4,800 1,200 1,550 20 1.2CN) 1.5¢)0 526 1,389 300 751 1,356 1,200 1,500 751 1,356 154 500 250 725 750 50 154 225 250 725 13 275 737 3.2 RESTRICTED FUND MISSIONARY GIVING rou Carr orwar ut sourc Gift8 for restrlcted purpo$¢s - Hotshots Ploneers Taarfund Holiday at Homg Tea Break Rel8asg Inlernallonal othgr 1,174 1,174 240 621 1,619 60 130 1300> 1731} 11.3561 1501 17371 12751 392 95 655 45 737 220 55 Totsl¥ - Rgstrfctsd Funds £1,661 £3,436 £245 3,469 £1,874 BRAMHALL BAPTIST CHURCH Page 9 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 4. Marffjo The manse wa5 purthosed in February 2016 at a cost of £370.015 and the property required renovatlng and updating lotalling £17,959 bringing Ihe total expenditure lo £387,974. and Ihls wa8 funded as below. In occordance wllh Standard accounting piacliGe, the propety15 depredated al 2% per annum. To asslst in the purchase of the manse the church took a loan with the 88plisl Union Corporallon in the amount of £225,000 repayable over 25 years al a variable interest rate cuirentty 7.00% p.a. The Baptist Unlon Corporation is the holding Iru8tee of the manse and the church is the beneficial owner. S. BANK AND CASH BALANCES The church bank accounts Incorporate the Ggneral Fund, Hollday al Home and Little L8mb$ group. 2024 2023 G￿traI Fund Little Lambs Holhday at Hom8 35.235 322 655 £36,212 12,118 395 £12,613 6. FREEHOLD PROPERTY EQUALISATION ACCOUNT Th55 represents the difference bètween the manse total cost and the loan whlch Is held as a reserve a8alnst whlch the bulldln8 depredatlon Is charged, thus eventually redu¢ln8 It to nil over a perlod of years. 7. TRUSTEES The current frustees Includlng those who have sèrved durln8 the year are:_ Matthw Plorce Stephan Burr Ruth Meal iranda Packard Thom88 Townson Janet Hughas fr¢m 25th March 2024 8. POST BALANCE SHEET EVENTS The CharltyTrustees tO8ther with all the church mernbers have a8reed to transfer the charity into a Charltable Incorporated Orlganlsatlon. It Is expected that thls wlll be achieved durlng 2025.