SLOUGH BAPtIST CHURCH Trustees, Report & Annual Accounts for the year i October 2023 to 30 September 2024
CONTENTS
The Purpose of this Document
This document describes the activities and financial affairs of the church for the year.
It is intended to include all the information that the Charity Commission recommends be reported annually.
| Contents | 2 |
|---|---|
| Reference and Administrative Information | 3 |
| Report of the Trustees for the Year Ended 30 Sep 2024 | 4 |
| Independent Examiner's Report to the Trustees of Slough Baptist Church | 10 |
| Statement of Financial Activities | 11 |
| Balance Sheet | 12 |
| Notes to the Financial Statements | 13 |
Slough Baptist Church Trustees' Report & Annual Accounts 2024
Page 2
REFERENCE AND ADMINISTRATIVE INFORMATION Aims The principal aim of Slough Baptist Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and other charitable purposes in the United Kingdom and l or other parts of the world. It is affiliated to the Baptist Union of Great Britain and is also a member of the Evangelical Alliance. Charity Status The charity was registered at the Charity Commission on 26 January 2010 with the charity registration number 1133760. Address & contact details: 34 Windsor Road htt :Ilwww.slou Slough 01753 523058 Berkshire, SL12EJ mail to: office hba tistchurch.or slou hba tistchurch.or Trustees Mrs D Ayoma (until December 2023) Ms A Callum Mr D Curley (until June 2024) Mr J Edwins (until December 2024) Mrs E Fraser (until March 2025) Rev D Howell Mrs J Jones Ms L Longman (until December 2024) Mrs O Ogunsanya (from January 2025) Mr M Ngwenya Mr J Shepherd Mr A Tarrant MBE Miss C Taylor (until December 2023) Mr M Taylor (until September 2024) Mr J Tettelaar Mr M Warren Mr J Wesley (from July 2024 to March 2025) Rev K Wilson Custodian Trustee Baptist Union Corporation Ltd Baptist House, PO Box 44 129 Broadway, Didcot Oxfordshire, OX118RT Bankers Lloyds Bank High St, Slough Berkshire, SL1 1 DH Independent Examiner Sarah Crispin A.C.A. Stewardship 1 Lamb's Passage London, EC1Y 8AB Slough Baptist Church Trustees, Report & Annual Accounts 2024 Page 3
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees are pleased to present their report together with the financial statements of the Church for the year ended 30th September 2024. Structure, Governance and Management The governing document is an Individual Deed of Trust dated 1896, supported by a Constitution adopted on 22 April 2009 and revised 10 April 2022. The Church is a registered charity. The Church Members, Meeting is the governing body of the church, which appoints ministers, elders, deacons and church officers. The ministers, elders, deacons and officers form the Church Council and act as managing Trustees. The church's buildings are held by the Baptist Union Corporation as custodian trustees. Objectives and Activities Objectives The mission we have for ourselves is unchanged: "We aim to give glory to God by offering a Welcome for the whole world, being a Witness to the whole world, enabling Worship from the whole wortd.. Sometimes, a grand statement like this is easy to say but how do we actually do it? At Slough Baptist Church, we aim to offer a welcome to the whole world. We know we cannot welcome all eight billion people! But, just as Jesus positively welcomed anyone, whatever their race or background, we too want to be known as a welcoming people. We also aim to be a witness to the whole world. We see our responsibility to be both a local and international witness. In Slough, we have a unique privilege of having the world on our doorstep. A survey of attendees indicates that at Sunday morning worship people from over 40 different nations can be present. We also desire to give glory to God by offering worship from the whole world. This means recognising and using the rich diversity of races, ages and experiences of the fellowship in deepening our worship of God. Activities The church programme includes Sunday Services, Sunday Club (for those under 15), home groups, prayer meetings, Friday Families (parent & toddler group), Guides, Brownies, Rainbows, youth activities, groups to explain the Christian faith, evangelism, social events, fund-raising events, educational and holiday activities for school children, and more. Public Benefit In planning the activities of the charity, we have considered the guidance on public benefit issued by the Charity Commission, including the specific guidance to charities for the advancement of religion. Slough Baptist Church Trustees, Report & Annual Accounts 2024 Page 4
Priorities for the Future At the 2024 AGM, a new vision for the next five years was adopted by the membership. Our Vision is to be a church that shares the love and power of Jesus to transform Slough and beyond. To achieve this, we will adopt policies and practices that are aligned with our core values, being.. Bible based Faithful Worshipping Encouraging Caring Collaborating Outward looking Welcoming In 2025 the trustees will have a particular focus on the following areas.. i) Multicultural church- this will build on previous training held in 2024 and will include a trustees, away day, reflection and practical outcomes ii) Discipleship - the trustees will oversee a prOsS that seeks to engage the differing gifts and abilities of our church attendees. This will involve training and offering appropriate opportunities to senie, iii) Staffing - the notified departure of our Pastoral Care Pastor in February 2025 presents an opportunity for trustees to review the current ministers of Slough Baptist Church and any resulting staffing requirements. Achievements and Performance Welcome We have a dedicated team of volunteers that stand at the front door of the church to welcome regular, occasional and visiting worshippers to the Sunday morning service. On the first Sunday of each month, we hold a fellowship bring-and-share lunch to allow members of the congregation to get to know different people. The number of members has remained steady over the last five years and currently stands at 116. Following the return to in-person services after Covid, we have welcomed a new cohort of members, whilst at the same time, a similar number of long-time members moved on to pastures new. Our Members, Meetings are now generally held in hybrid format, with members present in the church building, but also able to join the meeting and contribute via Zoom. This allows greater involvement of senior members and those with younger children. Our attendance at Members, Meetings is now consistently above 500/0. Our Sunday morning services are livestreamed on YouTube, allowing greater access to participate for members of our fellowship that have restricted mobility, sickness or who are extremely clinically vulnerable. Slough Baptist Church Trustees, Report & Annual Accounts 2024 Page 5
Witness As a Church we endeavour to spread the Good News of Jesus in a wide variety of ways. We employ two full time ministerial staff, a Lead Pastor and a Pastoral Care Pastor, to oversee a range of existing activities and to support members in setting new mission activities. Our witness within the community of Slough includes a 'live nativity, in the town centre prior to Christmas, a summer holiday club for 5-11-year-old children, and an Easter activities day that is open to people of all faiths and none. Our Friday Families group for parents and toddlers meets each Friday morning during term time. This provides a meeting point for an ever-changing group of people drawn from the community around us, as some toddlers go off to nursery school and other babies are born and join in. Church Open on Wednesdays during term time offers a welcoming space. refreshments, board games and friendly conversation for anybody in the town to drop in. The church hosts a local schools worker, who is employed by Christian Connections in Schools, and who meets with young people in the schools of Slough, Windsor and Maidenhead. Together with many other churches our financial support to the Baptist Home Mission helps smaller churches, plants new churches and supports educational, commercia5 and hospital chaplaincies. We have two church members involved in medium-term mission work in Uganda and France, and also a third member on a mission trip to Nepal. The church is supporting this and expects to continue to do so in the next few years. We have continued our links with Varna Baptist Church in Bulgaria and Smile Charity Uganda. We also continue to sponsor a child through Compassion, and to provide financial support to BMS World Mission and Christian Connections in Schools. Worship Services Attendance at our Sunday morning service continued to grow during the reporting period, reaching an average of 170 in the second half of the year. The downstairs section of the church is mostly full on most Sundays, and the upstairs section is becoming increasingly busy. On Sunday evenings, we hold Discover sessions, which are attended by about 20 people each week. This is an interactive worship event, where participants can ask questions and share their understanding of the Bible with one another. This session is particularly popular with young adults in their 20s and 30s. The session leadership also comes from this age group. Pra Prayer is the foundation to all we do and we have many opportunities to pray. We encourage prayer in our worship services and in Home Groups but we also have additional occasions for prayer, including prayer days. weekly online prayer meetings on Tuesday lunchtimes and Church Prayers each month on Saturday mornings. Slough Baptist Church Trustees. Report & Annual Accounts 2024 Page 6
Home Grou Home Groups are important, providing close fellowship, prayer and wide-ranging Bible study. We have six groups meeting regularly at present either in-person or using the church zoom account. Their main goals are to support members in fellowship, to pray together and to learn together. Families Youth & Children Regular weekly activities at the church include five age-appropriate Sunday morning groups, the youth home group, Y@s (14 to 18-year-olds), Guides, Rangers, Brownies and Rainbows. We maintain close links with the Boys, Brigade that meets at St. Andrew's Methodist Church, providing leaders for some of the groups. The Boys, Brigade and Girl Guides join the congregation for Parade Services four times each year. We have continued to host a variety of annual events, such as Easter Explored, a summer Holiday Club, a late autumn Light Party, and the 'Christmas Unwrapped, and 'Easter Cracked, primary school presentations by Christian Connections in Schools, We continue our regular work with mission to children, young people and families through a variety of activities including the Y@S weekend away, Satellites Summer Camp, weekly Sunday Club groups, events with local Christian young people, our nativity service and other all-age services Financial Review Total income in the year ended 30 September 2024 was lower than 2023 by £97,000. The main reason for this reduction in income was that no bequests were received in 2024 compared with £82,000 received in 2023. In 2023 there was also an additional special Winter Appeal which raised £19,000. Total expenditure was higher in 2024 than the previous year by £34,000, due mainly to an increase of £32,000 in church repair costs to address an extensive dry rot issue. No cost reductions were identified due to the higher expenditure in 2024, due to sufficient financial reserves available to absorb the cost of the increased expenditure. Investment Policy Generally, no investments are held, other than a £24,000 Baptist Union Loan Fund deposit. Any unrestricted donations received are used within a calendar year of being received, for church expenses or for church projects or given to others as described in the grants policy. However, any large donations over £10,000 are notified to the Church Members, Meeting, which may authorise sums to be invested with the Baptist Union Loan Corporation until a suitable project is identified. Reserves Policy Resenies are needed to manage any cash flow delays where income arrives later than expenditure. Cash in the bank at any one time is normally sufficient to cover such delays. However, if necessary, the treasurer is authorised to accumulate a sum equivalent to between one and four months of expenditure as reserves. Running costs for the church are met from the unrestricted General Fund and the Church Fund, which is a restricted fund for church running costs. The trustees have determined that the charity should aim to hold total net current assets in those combined funds of no less than £20,000 (which equates to about one month of budgeted running costs) so that the charity could continue to operate should income and l or expenditure vary adversely. Slough Baptist Church Trustees, Report & Annual Accounts 2024 Page 7
At the year end, the reserves in those funds, excluding bequests of £82,000, were estimated at £80,000, which is the equivalent to slightly over four months, budgeted running costs. These reserves are expected to fall in the next financial year unless income from regular giving increases. Grants Policy As Slough Baptist Church we will give money away in accordance with these principles.. We give a fixed proportion of our general fund income by tithe to projects outside the fellowship. The amount is agreed at the Annual General Meeting. For 2024, the proportion was 10 % . For 2023, the proportion was 20 % until the end of April 2023 and 10 % from the start of May 2023. In addition to this, we encourage people in our fellowship to give to various charitable organisations both directly and through our Mission Fund. Grants can be made locally, nationally and internationally. Grants may be to individuals or organisations. Grants must be in line with the purpose statement of the church. This is, "As Slough Baptist Church we aim to give glory to God by offering a Welcome to the whole world, by Witnessing to the whole worfd and by bringing Worship from the whole world." All grants are to aid in the propagation of the Christian faith, either directly (e.g. grants to missionary societies), or indirectly (e.g. grants given in the name of the church for the improvement of the spiritual, physical, emotional or educational welfare of those in need). Grants may be made to individuals linked to the fellowship from the Persons in Need (PIN) fund. These grants are administered confidentially by a panel appointed by the Church Members. Meeting. All PIN grants will be below £1,000 for any one person in any one year. The Annual General Meeting for Members authorises an annual budget for grants, and the Church Council appoints committees to decide how the budget for grants is to be allocated. A report of expenditure is given at each quarterly Church Members, Meeting and in the Annual Report and Accounts. Risk Management The church council has appointed people to manage the following specific areas of risk: Security and fire safety Health and safety Finance and legislation Safeguarding Policies and procedures are reviewed regularly and are published on the church website. Slough Baptist Church Trustees, Report & Annual Accounts 2024 Page 8
Jonathan Tettelaar Jonathan Tettelaar (May 28, 2025 22:09 GMT+1) May 28, 2025
Sarah Crispin (Jun 9, 2025 16:18 GMT+1)Sarah Crispin Jun 9, 2025 ~~>~~ Date:
SI.()IJGII BAPTI8'f CllURC14 - YF,AR ENDED 30 8bPTEMBF,R 2024 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 SUMMARY INCOME AND EXPENDITURE ACCOUNT Unrestricted Funds - Restricted Funds -_ Notes General Designated Endowment Income Total ftjnds Totsl funds 2024 2023 INCOME AND ENDOWMENTS FROM- Donations and legacies Investments ChaFilable activities oth8r income and endowments 200,269 2,894 39,443 239,712 2,894 373 9,907 337,474 373 396 10,581 9,907 Total Income and endowments 213.070 39,816 252,885 350,138. EXPENDITURE ON Charitable activities Other 190,277 25.179 30,914 75.119 3,770 321,489 3,770 290,882 Totsl expendlture 190.277 25,179 30,914 78,889 325.259 290,882 Net Incomellexpenditure) 22.793 (25.1791 130,914) (39,0741 172.374) Transfers between lunds {22,3231 21,307 1,016 Net movement In funds 470 (3,872) {30,914) (38,058) (72,3741 59,256 Reconclliation of funds Total funds brought forward 101.545 5,955 736.914 153,307 997,721 938,465 Total funds ¢arrled fonvard 102.015 2,083 706.000 115,249 925,347 997,721 The s181ement of financial activities includes all gains and losses recognised in the year. All income and expendilLJre derive from Continuing operatlDns. Movements on reserves and all recognised gains and losses are shown above. The notes on pages 13 to 21 fomi part of these accounts. An analysis of the SOFA including comparative amounts for each type of fund is induded in Note 17. 'loiigl? Bcipli,s1 CJiiii'LJI Ti'1i31ee.F' Repoi't & ilnJ711ciIAecviinls 2024 J)cige l /
Jonathan Tettelaar Jonathan Tettelaar (May 28, 2025 22:09 GMT+1)
May 28, 2025
SLOUGH BAPTIST CHURCH- YEAR ENDED 30 SEPTEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS l. Accounting policies These Iinan¢ial statements hBve been tKep8ted on a goiThJ cone£rn basis, undef the hlslorical ctssl coDv8ntlon. Based on thè adequacy of Ihe charily's ieseNes as al Ihe balan sheel dale. along with thBir knovledge ol Ihe charity's ability lo meet bills, payrnents 3nd other liabilities as they fall due. the Injslees have a reasonable expeclalioTr th21 Ihe cliaiity has sufficienl resourS lo continue in operatlonal existence for the fore6ee8b luluTe. These financial slaternonts have been prepared in a¢¢oTdanGe wth the "Statement ol Recommended Praclice.. Accounting and Reporting by Charities preparing their accounls in a¢coTdance with Ihe Financial Reporting Stan¢JariJ applicable in Ibo UK and Republic of Ireland IFRS 1021" I'lhe Charilies SORP'I, wlh Ihe Financial Reporting Stsndard applicable in the Uniled Kingdom and RePL&C ol Ireland I"FRS 102.1 and wilh the Charllks Act 2011. THe charily rneels the definition ol a public benefil er)lily as sel oul In FRS 102. The Charlties {A¢counts and Rew181 Regulalions 2(KIB Ilhe'2008 Regulalions'l require ¢harili8s lo prepare Ihelr accounts Sn accordance wilh'Accounknng and Reporting by Charili8s'. Statement of Recommended Praclic effective from 1 Apr412005'. bul this acwjnling standard has sc been with(Jrawn and has been replaced by the Charilles SQRP menlloned in the preceding paragraph. The charity h3s weparod these financial slalèmenls in a¢cordance wilh the new Chadlies SORP,. this departwe Ir¢ Ihe 2008 RegulatIS is b¢lieved n&ssary tor these financial slalernen18 to givo 8.liue an(1 lalr vith¢. The charlly has taken advantage ol the exemplion conlerred by the SORP IFRS 1021 frorn the requlremenl to produce a Gash flow slalern8nl on the ground5 of ils size. The following are the 8ccounknng policies which have been applled in de81ing wilh malerial items= lal Donated ond grant Income Voluntary Income recglved by way of ¢Jonallons and gifls is included in lull in lh8 Slalernent of Flnancial Acllvllles when received, Including girts In 1[ that are capable of valuation. Donations under Gift Aid, together with Ihe lax recov8r8ble Ihereon. are Bccounled for fjn receivod. Provlslon is made foi unclaimed lax al the ye8r-end. For legaci&s. enlitlement is Ihe earfler ol Ihe church be notified of an impending dislrlbullon or the legacy bolng iecelved. The church has relied signific8nlly on volunteers In Carn9 oul its 8ctivili•s duiing the year. However, In 8ccordanc8 wblh the SORP, Ihe value of these services has trfftn recognlsed as Incorne as Ih8y cannol be reli8bly rneasured. Ibl Expgndltur& Ilenis ol expenditure are charged in Ihe ac¢ounls In Ihg period in %thich they are inGwfed. These are allocated lo the following headings and In¢lud8 atlribulable VAT which carn)ot be recovered: -Chaiilable 8clivllles Gompiises all expen(Jilure thal d1Cl1Y related lo the objects 0(Ih8 c1wh. -co818 ol generating lunds are those cosls Incurred In fuNJraising aclivilles. .Gr8nls payable ore taken inlo account al Ihe of the dale WI1 thay are pabj or Ihe dale when thèy be¢ome conslfucllve obllgalions -GDvernance costs Include those Incurred In Ihe govemance ol ils assets and are prlmarly ossocl8led vAlh ¢onstltullonal and slalulory requiremenls. Transfers belween funds are made by the Irustees os appropwi81e. Icl Fund strueturo Expendllure bthich rneets certaln crilerSa is idenllfied lo the Telovanl lund. Ggneral unrastricled funds represent donation5 atKI Olher income ceiVed or generaled lor Ihtr obj8cls of th6 Church %*ilhoul luriher specified purpose and are availabte as general funds. The followlng funds ar& classed as General.. The G8nernl Fund - lor churGh running costs aThl allocation lo deslgnoted funds Designatod unreslrtcled lunds are Ihose whl¢h have been anocated by Ihe Tfuslees lor sdènllfiablg future expenditu. The lollowlng lunds are cl8ssed as D8sAgnat&l'. The TiÈhe Fund- for planned giving. budgeted annually as a PfOPOrtion ol income The Persons In Need (PIN) Fund - for small benevolenl gSrts lo indTrviduals Restrlcted funds are lo be used lor specified purposes as laid down by the donor. The loll(Ming funds are classed a5 Restricted". The 8uilding Fund - for buildlng projects The Mission Funds ~ various lund5 lor han¢Jling donallons for misslon puwposes The ChuKh Fund - for SI0h Baptist Churth running costs The Gause lor tho Monlh Fund - for glfts lo causes promoted in a specifi¢ monih The Y@S Fund - lor church youth adlvities The Persons In Need (PIN) Fund - small benevo1 glfts to dIVidUalS The Friday Families Fund - fof aclivilies at Ihe rnDthers' and loddler5' meetings held In church on Fridays The Communily Cale Fund - for activities ol Ihe thwch relat8d to the Open Church ever41s The Ladies. Recharge Fund - foi activities ol Ihe Chwch rel8led to Ladies, Recharge events Endowment funds afe to be held a5 capilal. The Property Endowm811t Fund holds all the properties owned by the d)urch. Slough Baplisl Ch(Irch Twstees. Report & Annual Accounls 2024 Page 13
SLOUGH BAPTIST CHURCH- YEAR ENDED 30 SEPTEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 1. Accounting policies (continued) Idl Tanglble flxed assets and depreciation Tangible assets are included in the balan sheel al cosl or at market value al the date of Ihe gift. Depreciation on fixed assels is provided at rate5 considered appropriate to reduce book values lo estimated residual values over the useful lives of the assets concerned". Buildings Slraighl line over 50 years Building improvements Slraight line over 20 to 50 years Compuler equipment Slrai9hl line over 3 years Other equipment Straight line ovef 5 to 20 years Assets in the couise of construction are nol depreciated unlil Ihey are completed. Depreciation commences in the quarter following acquisition or capitalisation. Small items of equipment (valued al £1,000 or less} are wrillen off on purchase. Freehold land is not depreciated. lo) Financial Instruments The Charity's finanoal assets and financial liabilities all qualify as basic financial inslrumenls. as defined in FRS 102. Except for loarss, creditors and debtors are measured at their expected selllemenl valLJe Inom)ally the amount of cash that the charity expects lo pay or re¢eivel. Pensions The Church is an employer participating in a pension sGheme known as the Baptist Pension Scheme {'Ihe Sch8me°}, which is administered by the Pension Truslee (Baplisl Pension Trust Limited). The Scheme is a separate legal entity and the assets of the Scheme are held separately Irom those of the Employer and the other parti¢ipaling employers. The S¢heme, previously known as the Baplisl Minisler$' Pension Fund, started in 1925. but was ¢losed lo future accrual of defined benefits on 31 Decernber 2011. Prior lo this dale the main benefit provided Ihrough the defined Benelil IDBI Plan was a pension of one eighlielh of linal minimum pensionable income for each year of pensionable sefvice together with addilional pension in respect of premiums paid on Per¢sionable Income in excess of Minimum Pensionable In¢ome. From January 2012. pension provision is being made through the Defined Contribution (DCI Plan within the Scheme. In general, members pay 8Q/ts of their Pensionable Income and employers pay 6 /0 of members, Pensionable Income into individual pension accounls. which are operated and managed on behalf of the Pension Trustee by Broadslone Corporate Benefit$ Ltd. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits. administration costs, and an associaled insurance policy which provides income proleclion for Scheme members il they are unable lo work due to bng-lemi incapacily. This income protection policy has been insured by the Baptist Union of Greal Britain with Aviva Limited. Furthermore. members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 50A. In October 2024, the insurance company Just Group completed a buy out of the liabilities of the closed defined benefit scheme. From Ihal date any remaining liability ol the participating scheme members to delined benefit scheme ceased and the £1 per month deficit contributions payable by the participating employers which were agreed in the fe¢overy plan approved in August 2022 also ceased Irom Ihal dale. Admini51ralion of the closed defined benefll scheme transfèrred from the pension Irustees to Just Group from that dale. The Minister and some members of the church staff are eligible lo join the Scheme. Section 28.11A of FRS 102 requires agreed deficil iecovery payments to be recognised as 8 liability. The present val¢Je of the agreed deficit contributions were immaterial at the beginning ol Ihe financial year and were fully extinguished once buy out was compleled by Just Group in October 2024. Igl Taxatlon The charity ha5 taken advantage of the various reliefs from taxation available lo charities and no tax is payable on the Gharity's income. Slough Baptist Church Trustees, Report & Annual Accounls 2024 Page 14
SI.OUGFI BAI)I'ISI' CIIURCI-I - YEAK ENDF.D 30 8IP'S-LMBF.R 2024 NOTES TO THE FINANCIAL STATEMENTS 2. Donations and Legacies Total 2024 Total 2023 Gift Aided direct donations Bequests Olher donations 197.097 194,060 82,886 42.615 60,528 239,712 337.474 3, Incomlng rèsources from charitable activities Total 2024 Total 2023 Friday Familles group 396 373 396 4. Oth¢r incoming resources Total 2024 2023 Gifts lor use of premises Sundry re¢eipls 9.600 9.600 307 981 9,907 10,581 Gift5 for use of premise8 inGluded £9,600 (FY23 £9.600) received from the tenant of No 34 Windsor Road, a property owned by th8 Charity. The Trustee5 note Ihal this is a related parly Iransaclion as the tenant, Jon Edwins, is a Trustee. The other Trustees have discussed the maller and agree that any conflicls can be adequalely managed and that it is in the b881 interests of Slough Baplisl Church that Jon and his family remain tenants of No.34. In the inter&sls of transparency, the fruslees have sell-report8d the polenlial conllict lo the Charity Commission and have rec6ived agreemenl on this approach. 5. Expenditure on ¢haritable a¢tlvitles Totsl 2024 Total 2023 Costs incurred directly on speclftc actlvltles Ministry slalf salaries and expenses Tèlephone and utilities Facilities and IT costs Depreciation of tangible fixed assets Mi5cell8neous expenses Grants payable (note 71 99.786 87,726 14.524 15.469 56,692 24,157 35,740 36,945 9,000 9,473 28,811 47,086 244,553 220,856 Costs incurred on support and admlnistration Governance costs Inole 81 Support staff costs and Iraining Printing, postage and slalionery Insuranc8 Bank ¢hafges Other support and admini51ralion costs 2,000 64.468 1.880 5,657 878 2,053 76,936 1,980 58,184 1.802 5.526 710 1,824 70,026 Total exponditure on charitable aetivities 321,489 290.882 6 Other Expenditure Tolal 2024 Total 2023 Advisory fees relating lo the Building Fund 3,770 P¢igg l. Sl(piixli Bupli.ri C'liiipch 7riisiees' Repori & AKJFiial Aecoiinis 2024
SI.OUGI113APTlS'f CHIJRCEI - YEAR ENDED 30 SEI)TEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 7. Grants payable Total 2024 Total 2023 Christian Connections in Schools Smile Uganda Bulgarian Support Fund WEC People In Need Fund gifls Baptist Missionary Society Home Mission Fund Compassion Tearfund Frontiers London City Mission Slough Foodbank Bible Society Christian Solidarity Worldwide Operation Mobilisation WATSAN Others 11,655 5,354 4,164 3,123 1,454 1,235 1,210 352 1,319 5,820 680 3,960 3,720 900 900 900 31 47,086 28,811 No grants to individuals were given to any trustees. 8. Governance Costs Total 2024 Total 2023 Independent examination fees Fees payable to Stewardship, other than for the independent examination, for payroll bureau services, totalled £810 (2023- £745, including consultation fees). 2,000 1,980 S'loiigh 13aplisi Cliiii'ch Trii.slees' RLpoi"i & AnnualAccoun15 2024 PLige 16
SL,OUGH BAPTIST CI.ILIRCH - YEAR ENDED 30 SEWI'EMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 9. Employee and Related Party Information 2024 Ministry Staff Support staff Total 2024 Wages and salaries Social security costs Pension costs 69,153 4,059 19,910 93,122 6,459 205 99,786 49,048 2.484 12,792 64,324 69 75 64,468 118,201 6,542 32,702 157,445 6,528 280 164,253 Reimbursed expenses Training costs Total staff costs Prior Year 2023 Ministry Staff Support staff Total 2023 Wages and salaries Social security costs Pension costs 63,960 2,300 18,387 84,647 2,809 270 87,726 44,910 1.550 11,712 58,172 108.870 3,850 30,099 142,819 2,809 282 145,910 Reimbursed expenses Training costs Total staff costs 12 58,184 The average number of staff during the year was as follows: 2024 2023 Full time Part time There were no employees with emoluments above £60.000. Most of the charity's activities are carried out by volunteers. Ministry staff, Keith Wilson and Elsie Fraser, in their roles as Ministry staff and not as trustees, received combined salaries of £69,153, pension contributions of £19,910, and expense reimbursements of £6,459 during the year to 30 September 2024. as permitted by the governing document. The aggregate amount of donations from individuals who were trustees at any time during the financial year or from their related parties. was £61,302 (2023.. £64,944). Slotigh Baplist chzii.ch Ti'uslees, Repoi'l & Annual Accounls 2024 Page 17
SLOUGI.I BAP'I'IST CHURCH - YEAR ENDED 30 SEPTEMtIER 2024 NOTES TO THE FINANCIAL STATEMENTS 10. Tangible Fixed Assets Freehold Properts'es Computer other Equipment Equipment Total Valualion. 1 October 2023 Additions during the year Disposals during the year Valuation, 30 September 2024 1,538,774 21,359 145,684 1,705,817 1,538,774 21,359 145,684 1,705,817 Accum. depreciation, 1 Oct. 2023 Charge for the year Depreciation on disposals Accum. depreciation, 30 Sep. 2024 801,860 30,914 19,439 1,045 121,181 3,781 942,480 35,740 832,774 20,484 124,962 978,220 Net book value, 30 September 2024 Net book value, 1 October 2023 706,000 736,914 875 1,920 20,722 727,597 763,337 The insurance reinstatement values of church properties in 1997 were.. Church building 1,087.000 Manse 120,000 34 Windsor Road 75.000 1.282,000 256,774 1,538,774 All properties are held in an Endowment Fund. to reftect the fact that the sales proceeds are to be spent on capital expenditure only. The disposals recorded during the year are the result of a review carried out to identify fixed assels which are no longer in use. Additions since 1996.. 11. Debtors and prepayments Total 2024 Total 2023 Income tax recoverable (gift aid) Prepayments Other receivables 18,906 429 468 19,804 17,333 568 745 18,646 12. Investments Total 2024 Baptist Union Loan Fund 24,864 13. Creditors: amounts falling due within one year Total 2024 Total 2023 Independent examination fees accrued Mission and tithe payments due to be passed on Rent received in advance Accrued gas and electricrty costs Accrued repair and maintenance costs other creditors and accruals 2,000 1,906 400 117 299 193 4,915 1,920 960,. 400 693 303 Slough Bapfi31 Chiii'ch Ti'ii.slees' Repoi'l & Accoiinls 2024
SLOIJCF14 BAP"I'ISI' CHURCFI - YEAII ENDED 30 SEwfF.MBER 2024 NOTES TO THE FINANCIAL STATEMENTS 14. Restricted Funds 2024 Opening Incoming Outgoing Transfers Balances Resources Resources Closing Balances Endowment Fund Building Fund Mission Funds Church Fund Cause for the Month Fund Friday Families (was Coffee Pot) Yas Fund other restricted 736,914 13,314 20,932 116.836 552 318 553 802 890,221 (30,914) (3,770) 3,191 {2,178) 35.741 {70.863) 706,000 9,544 21,945 81,714 552 296 514 685 821,249 373 (395) (39) 1,643) 109,803) 510 39,816 1,016 1,016 Prior Year 2023 Opening Incoming Outgoing Transfers Balances Resources Resources Closing Balances Endowment Fund Building Fund Mission Funds Church Fund Cause for the Month Fund Friday Families (was Coffee Pot) Yas Fund Other restricted 767.770 13.271 20,484 4,625 552 698 (30,856) 736,914 13,314 20,932 116,836 552 318 553 802 890,221 43 1,202 {7541 147.037 (34,826) 343 (343) 396 (776) 1,674 (1,121) 836 701 1,482 808,236 151,396 (70,158) The Endowment Fund holds all the properties owned by the church. The Mission Funds are used for collecting donations for missionary causes, either specified in advance or allocated as determined later by the church members. The fund transfer in 2024 was from the General Fund to the PIN Fund. 747 1,627 15. Unrestricted Funds 2024 Openlng Incoming Outgoing Transfers Balances Resources Resources Closing Balancès General fund Designated Funds.. Tithe Fund 101,545 213.070 (190.277) (22,323) 102,015 5,955 107,500 {25,179) 21,307 215,456) (1,016} 2,083 104,098 213,070 Prior Year 2023 Opening Incoming Outgoing Transfers Balances Resources Resources Closing Balances General fund Designated Funds: Tithe Fund 110,961 198,742 (176.179) {31,9791 101.545 19.268 (44,545) 31,232 5,955 130,229 198,742 (220,724) (747) 107,500 The Tithe Fund receives no donations. A set proportion of the budgeted income of the General Fund is spent on tithe gifts, with the occasional tithe gift corning out of the Mission Fund. The 3mount transferred to the Tithe Fund in 2023 was calculated based on 20 % of General Fund income to 30th April 2023 and 10% of General Fund income from l May 2023. For the year ended 30 September 2024, the amount transferred from the General to the Tithe Fund was set al 100/0 of income. Sloiigh Bai?li31 Chiii-eh Ti'Lislee3' Repoi'l & Anntial Accounis 2024 Puge 19
SLOUCJH 13APTIST CHURCH- Yr.ARF,NDED 30 SEPTEMBER2024 NOTES TO THE FINANCIAL STATEMENTS 16. Analysis of Net Assets between Funds 2024 Tangible fixed assets Bank balances Other net current assets Total General Funds {unrestricted) Tithe Fund (designaled) Total Unrestricted 21,597 46,599 33,819 2,083 48,682 102,015 2,083 104,098 21.597 33,819 Restricted Funds". Endowment Fund Church Fund Mission Funds Cause for the Month Fund Building Fund Friday Families Fund Yas Fund Other restricted Total Restricted 706.000 706,000 81,713 21,945 552 9,543 296 514 686 821,249 77,778 19,851 557 9,543 296 514 777 109,316 3.935 2,094 (5) (91) 5,933 706,000 Total Funds 727,597 157,998 39,752 925,347 Prior Year 2023 Tangible fixed assets Bank balances other net current assets Total General Funds (unrestricted) Tithe Fund (designated) Total Unrestricted 26,423 40,359 34,763 6,835 (880) 47,194 33,883 101,545 5,955 107,500 26,423 Restricted Funds: Endowment Fund Church Fund Mission Funds Cause for the Month Fund Building Funds Friday Families Fund other restricted Total Restricted 736,914 736,914 116,836 20,932 552 13,314 318 1,355 890,221 116.877 17.154 557 13,314 318 1,352 149,572 (41) 3,778 (5) 736,914 3,735 Total Funds 763,337 196,766 37.618 997,721 Sloiigli Btipli3'1 (.'hiii'ch 7i'iislees' Repoi'l & AnntialAccounlJ' 2024 PagL> 20
SI.OUG14 BAIXI'IST CHURC14- yfAR ENDF.D 30 SF.PTEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 17. Dolalled Stalomenl of Flnancial Activltles by Fund Type wlth Comparatlves STATEMENT OF FINANCIAL ACTIVITIES Unrestrlcted Funds Ggneral Desl Restricted Funds- Endowmènt Iii¢om9 Totsl Total natfrd 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 Incomimg Resources Incoming r8souices from generated fiJnds= Voluntary In¢ome Investment income Incoming resour¢es Irom charitable aclivlties Other incomlno rèsources 200.269 187,416 2.894 1.687 39,443 150,058 239,712 337.474 2,894 1,687 373 396 g,907 10.581 373 396 942 9,907 9.639 Total In¢omlng Resourc08 213,070 198.742 39.816 151,396 252,885 350,138 Resourc98 gxpendgd Cosl of generaling lund8 Chaiilable aclivitles Olhor expendllure 1W.277 176.179 25,179 44.545 30,914 30.856 75,119 39.302 321.489 290,882 3.770 3.770 Total rèsource5 trxpendgd 190,277 176,179 25.179 44,545 30,914 30,856 78,889 39.302 325,259 290,882 Nel In¢orningl{oulgolngl re80vrces belore Iranslers between funds 22,793 22.563 (2S.1791 144.545) 130.9141 130.8561 139.0741 112,094 (72,3741 59,256 Transfgr8 Gross transfers belween funds 122,323) {31.9791 21.307 31,232 470 19.4101 (3.8721 113.313) 130,9141 (30,8561 138,0581 112,841 172,3741 1,016 747 Nèt Movemènt of Fund¥ 59,256 Reconclllatlon of Funds Tolal funds brought loJward 101.545 110,1 5,955 19,268 736,914 767.770 153.307 40.466 997.721 938,465 5.9S5 706,000 736,914 115,249 153,307 925,347 997,721 Total funds ¢arrled I0rd 102.015 101.545 2,083 Sloii¥li Btswi.¥l CJiiiJ"cli Triislegs, Repoi'i & Ilttoiiiiis 2024 Pge?/
Slough Baptist Church (AES No : 1133760) Final Accounts 2024 for signing from Stewardship
Final Audit Report
2025-06-09
Created: 2025-05-12 By: Ying Hwei Grindle (yinghwei.grindle@stewardship.org.uk) Status: Signed Transaction ID: CBJCHBCAABAAH3APwt0IU2mIU3Sejgb9NdJYAszE5TVO
"Slough Baptist Church (AES No : 1133760) Final Accounts 202 4 for signing from Stewardship" History
Document created by Ying Hwei Grindle (yinghwei.grindle@stewardship.org.uk)
2025-05-12 - 1:28:21 PM GMT
Document emailed to Jonathan Tettelaar (treasurer@sloughbaptistchurch.org.uk) for signature 2025-05-12 - 1:34:16 PM GMT
- Email viewed by Jonathan Tettelaar (treasurer@sloughbaptistchurch.org.uk) 2025-05-28 - 8:51:24 PM GMT
New document URL requested by Jonathan Tettelaar (treasurer@sloughbaptistchurch.org.uk) 2025-05-28 - 8:51:36 PM GMT
- Document e-signed by Jonathan Tettelaar (treasurer@sloughbaptistchurch.org.uk) Signature Date: 2025-05-28 - 9:09:21 PM GMT - Time Source: server
Document emailed to Sarah Crispin (sarah.crispin@stewardship.org.uk) for signature 2025-05-28 - 9:09:24 PM GMT
- Email viewed by Sarah Crispin (sarah.crispin@stewardship.org.uk) 2025-06-09 - 3:13:52 PM GMT
New document URL requested by Sarah Crispin (sarah.crispin@stewardship.org.uk) 2025-06-09 - 3:13:55 PM GMT
Document e-signed by Sarah Crispin (sarah.crispin@stewardship.org.uk) Signature Date: 2025-06-09 - 3:18:10 PM GMT - Time Source: server
Agreement completed. 2025-0&09- 3=18.'10 PM GMT Adobe A<robat Sign Steward8hip