FINCHAMPSTEAD BAPTIST CHURCH (CHARITABLE COMPANY LIMITED BY GUARANTEE) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sr DECEMBER 2024 COMPANY REGISIERED NUMBER: 07030381 CHARrrY REGISfERED NUMBER.. 1133789
FIN CH HCH BLE COMPANY UMrrED BY UA IND Page Directors, and Trustees, Rert Independent Auditorfs ReFort Statement of Finanaal Actrvrties Balan Sht 10 Ststement of Cash Hows li Nots to the Accounts 12-21
Page I NCH MP ADBA UR CH BLE MPANY UMITED B GUA NTEE usrE ORT E YEAR END D31 ECEM R20 The Trustees, who are also directors of the Charty for the purp)se of the Companies Att 2006, are pleased to present their rekK)rt together with the finanaal statements of the Charity for the year ended 31st December 2024. The Trust have adopted the provisions of the statement of recommended prattice (SORP) 'Accounting and RertIng by Charitie5' Second Edttton, issued in OctolEr 2019. The Trustees have complied with guidan published by the Chanty Commission in respett of public benefft. Objertives Finchampstead Baptist Church's (FBC'S) objects the Memorandum and Artides of Associations are:. 1.1 The advanment of the Christian Faith according to the principles of the Baptist denomination which may include, as part of the mission of the urth, to benefit the residents of Finchampstead and the neighEx)urhcod by aSslating t(NJether said resKlents and the Iixal authorities, voluntsry and other organisations in a common efftirt to advan education and/or to provide facilities in the interests of social welfare for recreation and lsure time patIOn wtth the objecbve of improving conditions of life for the residents; and 1.2 Other charFtable purtM)w in trE United ngdorn and/or other parts of the W(Id. Incorporation, Structure, Governan and Management Finchampstead Baptist (UrCh Charttable Company Limit2 by Guarantee was incorporated on 25th September 2009 and comMeed operations with effect from January 2010. Prior to January 2010 all operations of Finchampstead Baptist Urch t(K)k pla throLKJh Finchampstead Baptist Urch Unincorporated. On 1st January 2013 Finchampstead Bapb'st Urch Unincorwrated transferred all its assets and liabilities (exduding the FBC Centre, two manses and one bank account) to Finchampstead Baptist Church Limited by Guarantee. The transfer amounted to £414,287. The reason some assets remained in Finchampstead &ptist Church Unirthrporated was to fu11 our legal obligations to Wokj'ngham Distritt Council, who signed an agreeMt with Finchampstead Baptist Urch Unincoryx)rat8J and were subsequendy unwilling to assign it to Finchampstead BaptFst church Limtted by Guarantee. On 15th tkcember 2014, the (arity Commission directed that wrth eff* from 1st January 2015, Finchampstead Baptist Church Unincorporated should be treated as fonning part of Finchampstead Baptist Church Limited by Guarantee under a single registration numlH, wtth the tharty prijjucing one set of accounts. The funds of Finchampstead Baptist thurch UnitKorwral are rep)rted as restricted fvnds (See Note 18). The combined Charity is referred to as'FBC or Ihe church. in this rep)rt. Finchampstead Bapts'st urth Limtted by Guarantee arKI Finchampstead Baptist Church Unincorporated have the same objects, mission, vision, members and goveming dUment and co-OPErate closely. The sole Charity trustee of F1nthaMead Baptist Church unirated is Finchampstead Baptsst Church Limited by Guarant, whith exercises its function as arity trustee through its Church members and directors, using the Proces contsined in the A"deS of Finthampstead Baptist Church Limit8J by GUaTrnt. The Charity is controlled by its goveming d(Kument, the Memorandum and Articles of AslatIOn and consiitutes a company limited by guarantee, as defi1 by the Companies Act 2006. Trustees are prop)sed and elected by the members of FBC on the basis of their character, adership eXrien and perceived ability to fulfil the reswjnsibilities of a trustee. The training and induction of rEw trust depends on their existing experien and background. The Trust apFK)int rnernbe of a Ministy Leakn5hip Team to cany out the objects, mission and vision of the church on a day-to-day basis. The members of the Ministy Leadeip Team lead and manage the different teams of employ&s and volunteers. Salaries are reviewed annualty as part of the annual budget process. The Trustees approve all salary changes arKI take into account legal and market considerations as well as the relative level of re¥xJnsits'lity and ewbse required of each employ, in relation to the other employees.
FI CHA CH RCH ABLE OMPANY LI rrED BY GUARAN ND po R ENDED IsfD (continued) CEMB There are no related party trdnsactions FBC and the Trustees or senior managers other than those disclosed in the accounts. Actlvities The church offers Sunday services and an extensrve youth and thildren's prcordmme and is also attive in the local community, In addition to the Sunday prcgramme the thurth sUprtS cOnnt Groups and small discipiesnip arouc.: and provides courses for learning opportunities on a regular basis. The Church also supports activities aligned with our mission outside of the locality throuoh donations to other charities and individuals in the UK and overseas. Around twenty percent of income donated to trE church is donated to other chariiies with charitsble objects that are in line with the Charivs charitable objects, or to support other missionary attivities whid) align with the Charivs charttable objectives in the United Kingdom and overseas. In 2024 £38:645 was donated to other charities or set aside for mission opportunib'es outside our existing mmunity. The Charity also 0rateS the FBC Centre. Within the FBC Centre the churth is able to provide many facilities ft)r the community. These include a cafe, a sports hall and rooms for clubs and ietIeS to rent. The FBC Centre also hosts a children's ntre and a library providal by the local council, as well as Offi for the parish council and the local Poli. Finchampstead Baptist Church works dosefy with partners to berEfit the community, including the Wokingham &)rough Counal thildren's Centre, The Wokn'ngham Erf)rough Council Library Finthampsteaii Parish thjncil, Gorse RÈde Schools, PK)hunt 00[ Wokingham, the Link visiting scheme, SHARE Wokingham and the Ic(al Police. Finchampstead Baptist Church is very gratefijl to the Parish Council whith donat £12,000 to FBC for Youth work in the year. Statement on public benefft We confirm that Fincharnpstead Baptist (hurch carries out acbvities that are in accordan with its charitsble objects and these acbvrties are for the tnef of the public. Achievements and perfornian The attivities of the Charty are prrMd8J by staff and volunt&rs. The memE5 of staff play a vital role in helping the Charity to fijlfil our objects, vision and mission and to maximise the benefit to the public. Voluntr5 also play a very signiftcant role in the life of the tharity and are vitsl in running acttvities and groups. The maionty of Trustees are volunteer5 all volunteer with FBC in one or more different roles. During the year the Charity had an average of 46 m&nLErs rf staff (2023.45), 13 on peThanent contracts. Throughout 2024 the attendan at Church midweek and Sunday actwtties continued to increase and there were 12 people baptised. The facilities at the FBC Centre hos1 over 2,300 Ixxjkings for clubs, m*ting5 and events throughout the year.
FIN HAM CH RCH BLE PANY UM GUARAN DI YEAR ENDED 31SI DECEMBER 202 (continued) FBC is always Iking for ways to continue to cOnnt with and support the local ccfflmunty, for example, ookina meals, doing prattical jobs or making baby boxes for families referred to us by the Children's Centre. This has made possible through the work of a team of volUntrs. Our Community teams lave been instrumentsl in a numter of Dro1 throughout the year, partrering with other local agencies to bring supwrt to vulnerable people in our communty. We partner wtth SHARE Wokingharn, a local charity working to tackle fo()d waste. We collect surplus fo(xl from wholesalers and bcal retailers - this food is given away free to anybody in the communty who would like it. We also host a thriving Friendship table in association wtth The Friendship AI1[an. The Friendship table is a friendly, welcoming place in the FBC Centre for peOe, who rnht otherwise isoL3ted or lonely. to come and enjoy a hot drink and a char with otners. Finance review During the year ended 31st Decembw 2024 the thurch had a totrdl income of £888,919 (of which £322 810 was from donations and grants, £539,753 was from the operation of the FBC Centre, £6,551 from Activity Fees and £19,805 from investrnent income) and a gain on investments of £17,916. Total expenses were £889,858 resulting in an overall net irmme for the year of £16,977. Plans for the future The long-term aims of the church (FBQ are to fulfil our obietts and mission. The mi55ion of FBC is to help people find and follow Jesus. The Trustees are aware of the continued increase in housing in the area and continue to explore how the Charity might test offer its seNTrces to the growing local EJ)pulation. Our priorities are focused on helping us fijlfil this purpose thr(xJgh focu5 on our Stnjthre, Programme and on Parknership. Strutture - We want to ensure that we have the staff, leadership and volunteer struciure that enable us to fulfil our objecL% and mission. This involves reviewing staff txjsitions arNJ roles, identifying the positions we need to adjust or creat& Programme - We want to ensure that the things we do are foojsed on helping us fulfil our purp)se. Therefore, we will review eadi aspect of the programme against the overall puryx)se of FBC, identifying the areas we need to adjus¢ stop cf create in (r to tEtter athieve our goals. Partnership - We continue to develop our model of PartsN¥ship for those who are fully engaged in the life and mission of FBC, helping th8n continue to be a central part of (r organisation and communrty. Our reserves policy is to retsin ad4uate reserves to continue owations for 3 months, currently this is estimated as £140,000. The availab reserrfes are cal[ated as unrestrittal net current a55ets. The unrestricied net current assets hekl on 31st trnb 2024 amounted to £233,979 which exceeds the required amount. Going concern and defidt The Trustees expect FBC to cCtinUe as a going concern in the foreseeable future. Pension liabilitles One of the full-time members of staff belongs to a defin8J tEnefft pension, namely the Baptist Union scheme. In recent years the Defined Benefrt scheme has b&n in deficÉt and FBC had to make addltional deficiency contributions towards the nd. During 2022 the Trustees of the Baptist Union pension scheme agreed a buy-in with a listed insurance provider that is protetted by the FSCS, to take over the future liabilities for the pension scheme in exchaThJe for a prnIuM. This agreement means that the pension fund is no longer in deficit and the FBC regular contributions to the shortfall in the pensK)n scheme is limtted to £1 a month. We further do not have to indude a pension fund liability on the balan sheet.
INCHAMpsfEAD BAPTIST RCH HARrrABLE MPANY LIMrr DIREcfoRS' AND TR ES, REPO FOR THE ND (continue(P 02 Risks , ne charF carries out a comprehensive risk assessmert annually. The reviews are carried out by the managers responsible for the areas of risk Acbons are taken to address or mittgate all areas of risk identified. The significant risks and corresFonding safeguards are listed bek)w: Safeguarding of thildren and Adults at Risk p)licy not ft)Ilowed and there is misuse of a px)sition of trust - A comprehensive safeguarding policy is in p1 with accompanying trdining and adheren is monitored. Fire causes injury or damage - Staff have been trained on im ementIng our fire procedure and relevant equipment is regularly maintaina Moral failure, unethical Ekhaviour or stsff or management Ing with a lack of integrity - Code of condutt provided to all staff and voluntr5 Setti out expectations. AEI staff have regular meetings with 11 manaaer5 to discuss aFKI rdiSe COnms. Accident involving kitchen equipment- Waming SnS are displayed and Café staff are regularly trained anc monitored on food preparati Significant factors and events Sin the year end The Tst are not aware of any significant factors that are likely to affect the financial perfOnnan and PM)Sition of the Charity going ft)rward. sin the year end an AsxKiate Pastor has bn employed to continue the growth of our work with young people and young adults arKJ support the L& Pastor and rest of the staff and volUntrs. Statement of TTUStees' Responsibilities The Trustees, who are also the directors of Finthampstthj Bapts'st Church by Guarantee for the purFose of company law, are resrK)nsible for preparing the Tnjstees, Repyt and the accounts in accordan with applicable law and Unital Kirgdom Accountsng Stalards (United Kingd(xn Generally ACpted Accounting Practi). Company law requires the Trust to wepare accounts for each finan(ial year which give a true and fair view of the state of affairs of the Charity, and of the income and exkEnditure of the charitable company for that year. In preparing these accounts the Trustees are Uir&I to: selert suitable aCCJnting policies then apply them consiSdY. ob*rve the meth(xts and prtnciples in Charities SORP; make judgements and tstimates that are reaSkibIe atKf prudent. and prepare the accounts on the going conc8n basis unless it is inapproprÉate to presume that the Charity will continue in operab'on. The Trust are resp)nsible keeping equate acc(xJnting rec(Kds that disdose with reasonable accuracy at any time the financial position of the Charity arKI enable them to ensure that the accounts comply with the C(Mnpanies Act 2006. They are also resrM)nsible for safeguarding the assets of the Charity and hence for taking reasonable steps ft)r the prevention and detection of fraud and other irregulariti'es. Each of the directors has confirmed that there is rm) infonnation of which tw are aware that is relevant to the audit, but of which the auditor is unaware. They have fijrther ConfiM that they have taken appropriate step5 to identify such relevant information and to establish that the auditors are aware of such infmation.
Page s PANY YGU 'AN FOR THE YEAR ENDED 31S1 DECEMBER 2024 (continued) Referen and administs7tive details Company register&J numter: 07030381 Charity registered number: 1133789 Registered office: FBC Centre Goe Ride N( Finchamp5tead Wokinonarr Berkshire RG40 4E The Trnstees Thomas Fox, David &xJman {alr), Kate Johnstone. Rachel Roberts and Rev. Christopher Simpkins 5etved throughout the year and were in offrtr at the date the accounts were approv&l. David Brown resigned on 19 January 2024. Catherine Parting and Paul Valler were ap)inted on 20 NovemLEr 2024. Chris Simpkins, cfhe Lead Pastor), controls the day-ttrday nkinagement of the Qlity. Auditors Knox Cmpper LLP, offi Suite I, Haslemere Hou, Lw Stre¢ HaSleme, Surrey GU27 2PE Bankers Santsnder, BrKfie Road, B(e, Merseyside, L30 4GB CAF Bank, 25 ngS Hill Avenue, Kings Hill, West Malling, Katt, ME19 4J BOSC, 6th FIcM)r, 33 Old Broad Street, London. EC2N IF ttish Widows, 67 Morri9Jn StreeL Edinburgh, EH3 8Y] shawbrk Bank, Great Warley, BrentrKth, Esw, CM13 3BE Solidtors Anthony Collins Soliators, 134 EdmurKI Street, BinnitvJtkim, B3 2ES Signed on behalf of the board of Director5 and the Trustees Thomas Fox Director and Trustee Date: 29 September 2025
Page IND ENDENT AUDrr RS REPORT TOT E MEMBERS OF NCHAMPSTEAD BAPTIsf CHURC Opinion We have audited the financial statements of Finchatnpstead Baptist Church (the'tharitable company? for the year ended 31st DecemtEr 2024 whith compri the statement of finarmial activities, the balan sheet, the statement of cash flows and notes to the financial statemLryts. induding a summary of significant accounting policies. The finanaal reporting framewo that has bn applied in their preparation is applicable law and United Kingdom Accounting Standards, including Finanaal Retx)rting Stsndard 102 77E Fin3noa/ ReAtrng StsndardApplicab/e in the UKand RepU1C ofIreland(Untted Generaliy Accepted Accounting Practrce). In our opinion, the financial statements: give a true and fair wew of the state of the charitable compan(s affairs as at 31st December 2024 and its incoming resource5 and application of resour for the year then ende(i; have been properly prepared in accordan wtth United ngdorn Generally Accepted Accounting Practitr. and have prepared in aCcOrdar viith the requirements of the Companies Att 2006. Basis for opinion We corKlutted our audit in aCC[dan wtth Intemational Standard5 on Audtting (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are ftJrther descritEd in the Auditorfs re5Fonsibilities for the audrt of the financial statements section of our rert. We are indewident of the charitable company in accordan with the ethical requirements that are relevant to our audft of the finanaal statements in UK, induding the FRC'S Ethical Stsndard, and we have fiJlfilEaJ r other ethiol resFX)nsibilitie5 in accordan with these requirements. We believe that the audit eviden we have Obtsin is SuffIalt and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In aUdIng the finanaal statements, we have conduded that the Trustees. use of the going conrn basis ot accounting in the preparation of the finanaal statements is aPprOlate, Based on the work we have perft)rmed we have mt identified any material unrtaintieS relating to events or conditions that, individually or collettj'vely, may cast snfficant doubt on the arIty'S ability to continue as a going concem for a peric(J of at least twelve months from when the finanaal statements are authori5ed for issue. Our restx)nsibilittes and the respmsibIlitJeS of the Trust with respect to going contrm a described in the relevant wtions of this repM)rt. Other information The other infomiation comprises the information ind11 in the annual retrf other than the financial statements and our auditorfs report thereon. The Tnjstees are resrM)nsible fcr the oth¥ infomiation. Our opinion on the financial statements d(S rK)t cover the other infonnation a, except to the extent otherwise explicitty ststed in our retK)rt, we (k) not express any form of assurarKe condusion thereon. In connection with our audit of the finanaal statements, our responsibility is to read the other infomiation and, in doing so, consider whether the other inforniation ts materially inconsistent with the financial statements or our knowledge obtsined in the audit or otherwise aprar5 to b@ materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are requir8J tr) determine whether the is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have FErfomied, we condude that there is a material misstatement of this other infomiation, we are required to report that fact. We have nothing to retort in this regard.
Pa7 IND PENDENT AUDrr PORT THE BE OFFI HAMP (continued) Opinions on other matters prescribed by the Companies Act 2006 in our opinion, based on the work undertaken in the course of the audtt". the information gtven in the Trustees, report, whidi includes the dirthrs, report prepared for the purp)ses of company law, for the financial year for whith the firkincial statements are prepared is consistent with the Inancial ststements. and the directors, report induded within the Tnts, rep)rt has been epar in accordan wlth applicable legal reqU1Ments. DBAP RCH Matters on which we are required to report by exptIon In the light of the knowledge and understanding of the tharitabte company and its environment obtsined in tt)e course of the audit. we have not Identifi material mIsstatents in the dlrectors, report induded within the Trustees, report. We have nothing to report in resw of the following matter5 in rdation to whith the Companies Act 2006 requires US to report to you if, in our opinion: adequate and proper accounting records have not Eeen kept, or retums adequate for our audffc have not beep. received from branches not Vi51ted by us; or the financial statements are not in agr&ment wrth the accounting records and retums; or rtain disclosures of Trust, remuneration specified by law are not made; or we have not rereived all the Inforntion and explanatFons we require for our aLhJit; or the Trustees were not entrtled to prepare the financial statanents in accordance with the small companies regime arKI tske advantage of the small companies, exemptions in preparing the Trust, report and from the requirement to prepare a strategic rep)rt. Responsibilities of Trustees As explained more fijlly in the TJsts. resFM)nsibilibes statement set out on page 4, the Trust5 (who are also the directors of the charitsble company for the purtx)ses of ccmnpany law) are k)nsIble for the preparation of the firkincial statements and for being satisfied that they give a true and fair view. and for such intemal control as the Trustees determine is necessary to enable the eparation of finanaal stsknents that are fr& from material misstatement, whether due to fraud or wror. In preparing the financial statements, the Trustees are resrJ)nsible for assessing the companws ability to continue as a going conrn, disclosing, as applicable. matters related to going concem and using the goino concern basis of accounbng unless the Trustees either intend to IiquFdate the company or to wse orffitions, or have no realistic altemative but to do so. Our responsibilities for the audit of the finan(ial statemerts Our objective5 are to obtsin reasonable assuran aty)ut whether financtal statements as a whole are fr from material misstatement, whether due to fraud or error, and to issue a ReFQrt of the Independent Auditors that includes our ODinion. Reasonable assurantr is a high level of assuran, but is not a guarantee that an audit conducted in accordan with ISAS (UK) will always det a material misstatement when it exists. Misstatements can arise from fraud or error and are considered matwtal if, Indiv]dual or in the aggregate, they could reasonably tE expec to Influen the ecommic dlOnS of uws taken on the basis of these financial statements. Irregularities, including fraud, are insiances of mn-cornplian wtth laws and regulations. We design procajures in line wtth our responsibilitses. out[in aVe. to detect material misstatements in respect of irregularrties, including fraud. The extent to which our procedures are capable of dettIng irregularities, including fraud is detailed below.. We obtsined an understanding of the legal and regulatory frameworks that are applicable to the Charty and determined that the most significant a the Financial RertIng Stsndard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Pratti) and the Charities SORP "AccountiFKJ and RetKTht'ThJ by Charities: Staknent of Recommended
ND PENDENT AUDITORS REPORT Page 8 MB OF NCHAMpsfEA (continued) CH CH Our responsibilitles for the audit of the finanaal stateMts (continued) The Charity is required to comply with tharity law and, based on our knowledge of its attivities we identified that the legal requirement to accurately account fcy restricted fiJrKls was of key significan. We understood how the Charity is complying wtth those frameworks via communication wtth those charged with g0veman, t()Jether with the review of the Charivs drKumented policies and procedures. We assessed the susceptibility of the Charity's financial sLatements to material misstatement, including how fraud might occur by considering the key risks impacknng the financial statements. These included risks with Revenue Rec(xJnition arkl Management Override of Controls. Our approach included agreeing the Charivs reo)gnition of ino)me to the temis of underlying grant agreements and aSSlated corresp)nden, the review of pumal entries pr(esSed in the accounting records and the investigation of significant and unusual transactions idtIfied from our rev of the accounting records. Our approach was also to theck that all reStrFrt income was properly identified and separately accounted for and to ensure that only valid and appropriate expenditijre was tharged to restricted fijnds. This included reviewing joumal adjustments and unusual transathons. Based on this understanding we design8J our audit pr(Kedures to Rdentify non-complian with such laws and regulations. Our procedures involved review of the reporting to the dir*ors with respect to the application of the dc(umented policies and procedu5 and review of the financial statement to ensure Complian with the reporting requirements of the Charity. There are inherent limitations in the audit prlureS described above and, the further removed non-compliance with laws and regulats'ons is from the events and tranStionS refietted in finanaal Statents, the le55 likely we would become aware of it. The risk of mt detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve dellberdte conlMent by, for example, forgery or intentional misrepresentatiors, or through coElusi. A further description of our responsibilities for audrt of the financial statements is Ic(3ted on the Financial Reporting Council's website at.. www. itors iIFties. This descTiption forms part of our auditor's report. Use of our report This rewrt is made solely to the charitable companvs members, as a in accordan wth Chapter 3 of Part 16 of the Companies Att 2006. Our audit work has been undertaken, so that we might stste to the charitsble company's members those matters we are rquired to stste to them in an auditorfs reFKIrt and for no other purp)se. To the fullest extent pemiitted by law, we do not ac(Ept or assume reSnSibIlity to anyone other than the charitable company and the charFtable CoMpanS members as a tKKty, for our audit worl for this report or for the options we have formed. Matthew Ellans FCA (Senior Statutw Auditor) For and on behalf of Knox CroptEr LLP Chartered Accountsnts and Statutory Auditors ofFI Suite I, Haslemere House Lower Strt Hasleme Surrey GU27 2PE
MPA FIN DI ME XPE 2024 2023 Total INCOME FROM - t)onations and Offerfngs . Itive5tments - Other Trading Attivities 3C,677 2,TJ3 546,304 14.133 17,072 3U810 19,805 546,3¢>F 250,198 1,917 24,891 14,281 13,0(M 264,479 14,921 524,89: Totsl Income 31 05 EXPENDITURE ON Raislng Funds - Charltable Aotivfoes 761.385 128.4T3 889.858 746,792 94,759 841,551 Total Expendltur• Gains on Investments 17,916 17.916 5,392 5,392 Net (Expenditssre)Ilncome 96329 (79352) 16,977 30.214 (62.082) (31.868) Transfer Between Funds (37.636) 37,636 (23,756) 23,756 Net Movement in Funds 58,693 (41,716) 16.977 6,458 (38.326) (31,868) Funds Brought Forwanl 11112024 226,714 4W7.765 5.124,479 220256 4,936,091 5,156,347 Funds Carried Forward 3111212024 17 £4 £5 141456 £226 714 £4 897 765 £5 124.470 AJI income aFxI 4)endite in the OJTrent a1 prng year representoj (Kwng acbth. On 15th tceMtr 2014, the Charty commissi dire(*ed that wftn effectfrom 1st January 2015. Finchampstead eapbst Urch unired be treated asfDrming partoffitKharnpstead Baptistchurch Charab Companv m5ted by Guarantee. under a gt¥Jle regL#ralion number, crAnbl wcrflwng of atC(Mrts. The fvr¥Js of FIndmpstead Baptist Churcn Unino)rporated are rep(xted as restritted fiJnth¥
Page 10 FINCHAMpsfEAD BAPTIsf CHURCH CHARrrABLE COMPANY UMllED BY GUARANTEE CE E YEAR ENDED 31 DECEMBER 2 2024 2023 FIXED ASSETS Tangible Assets Fixed Asset Investments 12 13 4,441,550 4,518,508 4,943,982 4,948,752 CURRENT ASSETS Debtors Cash At Bank and in Hand 14 15 62,362 182 575 244,937 28,110 211890 240,000 Creditors: Amounts falling due within one year 16 Net Current Assets 197,474 175,727 £5 141456 £5 124 479 RESTRIcfED FUNDS UNREsfRIcfED FUNDS 17 17 4,856,049 4,901,437 223 042 £5 124 479 £5 141456 The Financial Statements have been prepared in accordan with the speaal provisions of Part 15 of the CMpanieS Act 2006 relating to small companies. Approved by the Trustees and signed on their behalf Thomas Fox Date: 29 September 2025 Company Registered Number". 07030381
Page 11 RC LECO PA UA NTEE TE NT ow FO RE DED 31ST DE EMBER 2 Total Funds 2024 Total Funds 2023 Cash flows from operating acbvib'es: Net cash provided by (used in) operBting acbwbes Cash flows from investing activfttes: Income from investments Acquisition of investsments Purchase of Tangible Fixed Assets Net cash prowded by invesbng acbvit]es 5,152 85,448 2,733 (37,200) 14,921 (413,536) (23,685) (422,300) (34,467) ange in Cash and Cash Equivalffrt in the reporting peric4J (29,315) (336,852) Cash and Cash Equivalent at the beginning of the rewrting peri(MJ Cash and Cash Equivalent at the end of the retx)rtsng peri(Kl 211.890 548,742 £182,575 £211,890 Net (income)/exwditure for the reF?.Tj as per the Statement of Financial Activtti'es ncome from investments (Increase)Idecrease in debtors Gains in invesl]nents - realisa Gains in investments - unrealised (Decrease)/increase in cr8ditors Depreciation 16,977 (2,733) (34,252) (17,072) (17,916) (16,810) (31,868) (14,921) 36,104 (11,316) (5,392) 31,532 81,309 £85,448 £5,152 Cash at bank aTrJ in hand Noti deposits (less than 3 months) 182,575 211,890 £182,575 £211,890
Page 12 NCH DBA HUR HCH COMP ITE BY UARAN cc THE R ENDING ECEMB ACCOUNTING POLICIES Basis of preparation and assessment of going concern These accounts have bn prepared under the historical cost convention with items reCJnised at cost of ansattion value unless otherwise stated in the relevant notes to the accounts. The financial statements ave bn prepared in accordance wth the AccountirKJ and Retthing by Charities: Ststement of Recommended Practi applicable to charitses preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) Second Edttion issued in October 2019 and the CoMnIeS Att 2006. On 15th December 2014. the Charity Commission directed that wtth effect from 1st January 2015, Finchampstead Baptist (Urch (UnincorroFBt8J) should be treated as forming part of Finchampstead Baptist Church (Charitsble Company), under a single regisiration number, with the Charity producing one set of accounts wth the fiJF)ds of the linked chartty, LEing rep(rted as restricted funds. The Charitsble Company constFtutes a public Inefit entity as defin1 by FRS 102. The Trustees consider that there are no notiorpl uncertainties about the Charitsble Company's akn'lity to ontinue as a ooing conrn. The most signifi(ant areas of uncertainty are the continual support from Offerings and donatÉons, and any reduLtions in the u of the th'lrties at Centre. b) Income All income is recognised ontr the aritable C(Kmpany has entit]ement to the income, it is probable that the income will be received and the amounts of income re1vab can Ee measurej reliably. Donations are included when the Charitable Company tecomes entttled to the donations and the value can be reliably measurad. Tax recoverable is aCUnted for at the same time as the gift to which tfv relate. Interest on funds held on dep)sit is induded Wh receivable and the amount can LE measured reliablv by the tharitsble Companyi thus 15 usually utK)n notification of the interest paid by the bank. Expenditure Liabilities a recchJnsed as exdFtu as sI)n as there is a or o)nstructive obligatit)n commrtting the Charitable Cornpany to that eX[ditre, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Atl expenditure is account for on an accrual basis. All eXnSeS Iluding supm arKI ernan costs a alted or aprtIoned to the applicable expenditure heading. d) Volunteer Help The value of volunteer hdp re1v is not 1ndLd in the accounts but is an essential of the work of the Charity.
Page 13 FINCHAMPSTEAD BAPTIST CHURCH CHARftABLE COMPANY UMITED BY UARANTEE YEAR ENDING 31sf DEC {continued) MBER 2024 ACCOUNTING POLICIES (continued) Tangible Ffxed Assets Furniture and equipment are capitslised if they can be used for more than one year and cost at least £3,000. They are Valu at Cost or estimated market value and are depreciated on a straight line basis over 3 years. Properties are accounted for on a ComF]ent cost basis with each component being depreciated over its estimated economic life. The prinapal comtx)nents identrfied and the depreciation rate applied to each J)mtJ)neni are set out tlow. Land Main fabric Electrics Roof structure and covering Windows & extemal drS Mechanical systems Kitchen Heating systems Bathr(K)ms Fire Alarms Not depreciated Over 125 years Over 50 years r 35 years Over 25 years Over 25 years I) 20 years (er 15 year5 Over 15 years Over 15 years Fund Accounting Unrestricted funds are available for use at the dis(yetion of the Trust in furtheran of the general objetts of the Charity and which have been designated for other purposes. Restricted Funds are funds which are used in accordan with spEcffic restricbons imtJ)sed by donors or which have bn raised by the Charity for particular purposes. The costs of raising and administrating suth funds are charged against the specific fund. The aim and U of each restritted fund is set out in the notes to the financial statements. g) Pensions The Charity participated in a deferred benefft scheme whith cover5 the Church's Minister. The scheme was administratej by Bnjadstone Consultants and Attuaries Limited. As the Charity was unable to identifv its share of lJnderlThj assets and liabilities, FRS 102 0]uires pension costs to be accounted for on the basis of contributicS payable to the stheme in the vear. The Charity also pays contrttMJttons to stskeholder schemes on behalf of its other staff. These contributs'ons are accounted for in the Statement of Financtal Activitie5 when the tk3yments fall due. h) Significant Management Judgements and Estimation Uncertainties The following are the critical judgements and key Sour of estimation uncertainty that the Trustees have made in the pr(Kess of applying the Charrty's accounting policFes and that have the most significant effect on the amounts rercKJnis&l in the financial 51atements. The depreciation of fixed assets is basaj on managemenys estimate of their useful lives which is kept under review.
FINCHAMpsfÉAD BAPTisf CHURCH CHARrrABLE COMPANY UMrrED BY GUARAN THE YEAR ENDING 3151 DECEMBER 202 (continued) DONATIONS AND OFFERINGS -24 2023 Totsl General Mission 263,332 2,133 265,465 217,273 Finchampstead Parish Council GI AID RECOVERED General Mission 263,332 2,133 12,000 265,465 12,lJ)O 217,273 12,000 45,345 45,345 35,206 £14 133 £322 810 £264,479 INVESTMENTS Interest on Short Ten Investments £19 805 £14 921 OTHER TRADING ACTIvrrIES FBC CENTRE INCOME Catering Facilities servi Charge 222,038 194,601 123 114 539,753 222,038 194,601 123 114 539,753 204,690 195,366 115 093 515,14ti YOUTh INCOME Activity F*s 6,551 6,551 £536 891 CHARITABLE ACTIVMES FBC Centre Expenses (Note 6) Ministry Missionary Gtving (Note 7) Communty, Fuel and FOCKI Povty FBC Youth Outreach Costs Upkp of Premises General SuptK)rt Costs (Note 8) Sinking fund expenditure Propety Dqxeciation (Note 11) 509,436 193,117 38,645 509,436 193,117 38,645 5,389 12,436 1,087 19,100 34,157 486,753 186,145 45,235 1,917 15,672 64 24,923 5,389 12,436 1,087 19,100 34,157 £761385 £128 473 £889 858 £841551
Page li FINCHAMPSTEAD BAPTI CHURCH CHARrrABLE COMPANY UMrrED BY GUARAN ST THE cco FORT ENDING 31sr (continued) ECEMBER 20 FBC CENTRE EXPENSES 2024 2023 Non-SeThSo Charye Expenses Cost of Goods Sold Staff Expenses Programme Expen Upkeep of Premises Total Non-service Charye Expenses 86,058 123,350 85,336 107,455 1,305 1,087 211,979 194,096 Service Charye Expenses Auditor, Accounting and &)ftware Bank Charges Dues, Subscriptions and Licen Itilities - Gas, Water and Elettricity Facilities Upk&p, Repairs and Maintenan InSuraTr Expense Marketing Materials Non-Reclaimable VAT Staff Expenses offi Expenses Security 4,910 804 1,617 38,499 100,670 8,842 592 22,380 114,412 2,489 2,242 4,023 965 1,583 123,677 7,504 120 23,362 85,845 3,155 1,779 Total SeThi Charge Expenses 297 457 292 657 Total Expenses £509 436 £486 753 se1 charges refer to FBC Centre ewses that are for the betEfit of all users. A prowbon of these charges are recharged to the tenants and the allcration of these d)arges is based on floor area.
Page I FINCHAMpsfEAD BAPTIST CHURCH CHARrrABLE C OTE TO MPA MrrED BY G ARA TE DING 315r (continued: EC BE GRANTS: MISSIONARY GIVING (INCOME AND EXPENDrnJRE) The FBC has set aside 20% of Unrestritted GerEral Fund Income to te given for missionary causes. Mlssionary Giving 200/0 of General fund Given in year (£308,677) Grants during the year (see below) Tr7nsfer to Missionary Giving Fund 02 61,735 50,039 23,090 4,804 Breakdown of the 200/0 of Genernl Fun given in 2024 Grants made to Oryanlsations Total Amount of Grants Pald Purpose rurther Faster UK Supporting UK Churches Lc(al area schools UK Baptist urcheS Overseas Baptist Mission Subscription Poverty rdief Equipping Leaders UK Mission Overseas Mission Baptist Home Mission BMS World Mission Evangelical Allian and Baptist Union subslpt1onS Chrisb'ans Against Poverty Innovista cc Tearfund 5.304 5,304 5,304 613 3,500 3,500 5,100 3,500 Totsl Grants to Instttutirms £35,525 Grants Made to Individuals leus and Maria Kappers £3,120 cerseaS Mission Total Grants £38,645 Transfer to thristian Se Grant £300 GENERAL SUPPORT COSTS 2024 2023 Website and Costs Technical/Sound Publishing, PhOt(OpYlng and Ststionery Audit, Accounting and Software Insuran Bank charges offfi expenses 3,000 2,015 1.067 3,467 3,550 8,842 7,505 242 225 467 3,665 £19,100 £24,923 Total extemal audit fees amountal to £5,500 eXdJlng VAT in 2024 £5,3 exduding VAT in 2023. 5,526
Page 17 FINCHAMpsfEAD BAPTIST CHURCH CHARrrABLE COMPANY UMITED TO THE cco UARANTEE YEAR EN 31ST (c(xrtinued) EC BE RAISING FUNDS 2024 2023 Fundraising Materials 10. TRUSTEES Rev. Chris Simpkins is a Trustee of the Chanty. He re1V1 a stip and rlaImed travel expenses. 2024 Number of full time equivalent Trust*s who were paid expenses 2023 Total Amount Paid (£) £335 £342 Rev. Chris Simpkins re1Ved remurETrtion and slon benefits, under his temis of employmenL as follows Rev. Chris Simpkins Stipend Pension Contributions 2024 2023 36,822 4,455 £41,277 34,902 4,216 £39,118 One Trustee of Finchampstead Baptist thurth is also a Trus of Further Faster UK to which Finchampstead Baptist Church made payments totslling £7,400. The wife of one of the Trustees of Finchampstead Baptist Church is a Tnjstee of Innovista. to whith Finchampstead Baptist Urth made grants totalling £3,500 as detailed in note Housing The Finchampstead Baptist Church Unincorrat joindy owns a propty LAbn" (44%) with Mr and Mrs Simpkins (56 % ). The Charty provides an element of housiro in resp of its sPwre of 44% of the property L'Abri. The arity provides the balance of housing by renting the value of the residual S60 from Mr and Mrs Simpkn'ns. This amounted to £14,753 in the ajrrent year. In addttion, the tharity paid housing related expenses amounting to £4,829. 11. Staff Costs 2024 2023 Wages and salari&% Swal Securtty costs Pension contributions 357,249 16,735 15,833 £389,817 313,783 13,773 13,525 £341,081 The aVage monthly number of employ was
Paae I FINCHAMpsfEAD BAPTI CHURCH CHARrrABLE COMP MITED BY GUARANT ou FOR TH YEA ENDING 31ST DECEMBE (continued) 20 12. TANGIBLE FIXED ASSErs 12a. FBC UNINCORPORATED Property Cost At 1st January 2024 Addttion[s Disposals At 31st December 2024 Totsl 5,181,556 5 181.556 Accumulated Depreclation At 1st January 2024 Charge for Year Disposals At 31st DecemtrEr 2024 714,943 76,491 791434 Net Book Value At 31st DecemERr 2024 £4.390 122 At 31st December 2023 £4.466 613 12b FBC CHARITABLE COMPANY UMrrED BY GUARANTEE Property Enhanment Furniture and Equipment Totsl At Cost At 1st January 2024 Additions Disposals At 31st December 2024 56,098 14,895 Accumulated Depreciation At 1st January 2024 Charge for Year Disposals At 31st December 2024 4,203 467 14,895 19,098 467 4,670 Net Book Value at 31st December 2024 £51428 Net Pthk Value at 31st De£emb8 2023 £51895 £51895 TOTAL TANGIBLE FIXED ASSErs £4 441550
Page 19 FINCHAMPSTEAD BAPTIsf CHURCH CHARrrABLE COMPANY UMITED BY GUARANTEE FOR THE YEAR ENDING 31SI (continuedl ECEMBER202 13. FIXED ASSEf INVEsfMEKr Market Value 2024 2023 At 1st January 2024 Additions - purchases . accumu(ations 430,2H 37,200 17,072 255,860 413,536 11,316 (255,860) Disposals unalISed gains At 31st December 2024 £502 432 £430 244 Cash and [r)neY market Unit trusts 502.432 £502 432 430.244 £430 244 14. DEBTORS 2024 2023 Trade Debtors yft Aid Recoverable VAT Floats Sundry Debtors & prepants 25,210 19.874 15.075 9,065 50 50 £62.362 £28 110 15. CASH AT PANK AND IN HAND 2024 2023 Current Accounts £182 575 16. CREDrroRS DUE wrrHIN ONE YEAR 2024 2023 VAT Trade Creditors Other Creditots & Accruals 6,190 20,579 4,557 43,221 17. MOVEMEKf IN FUNDS 2024 Fund Opening Balance Closing Balance Unrestricted GeneTrl Unde5ignated Christian Service Grart Artx)rftekJ Furtd Missionary Givtng Fund 857,714 (761,385) (60,426) (31)0) 134,384 17,374 58,810 170,287 17,074 58,810 857,714 Restricted Mission Grants Comrnunty, Fuel and FCKXI Poverty Finchampstead Parish CcHJndl Sinknng Fund nchampstead Bapti'st (thurch (UnincortM)rated - Note18) Totsl (761,385) (37,636) 226,714 285,407 1,967 9,758 2,133 12,tKKI 34,988 1.967 6,502 (5,389) (12,436) {34,157) (76,491) 436 37,2 430,244 4,455,796 468,275 4,379,305 £906,835 £5 124 479 £5 141456
Page 20 ST CHURCH CHARITABLE COMPANY U THE cc TH YEAR E DING 31ST (continued) MB 17. MOVEMEKf IN FUNDS (copifD) 2023 Fund Expenditure Transfers Income Opening Balance Closing Balance Unrestricte(I General Undesignated Christian servi Grant Athrfield Fund Missionary Giving Fund (746,792) (28,560) 132,730 17,374 58,810 134,384 17,374 58,810 Restrirted Mission Grants Communty, Fuel arKI Fcoj Poverty Finchampstead Parish Counctl Sinknng Fund Finchampstead Baptist Churth (Unincory)orated - Note18) Totsl (746,792) {23.756) 220,256 226,714 1,967 9,394 2,281 12,000 18,396 1,967 9,758 {1,917) (12,000) 23,756 388,092 4,536,638 430,244 4,455,796 (80,842) £809,683 £(841,551) £5,156,347 £5,124,479 Purposes of Funds General Fund This fund is day to day fijnd used for the 0ratIOn of the church in accordan wfth its Charitable obiecbves. £hrlstian Service Grant This fiJrKI vlas establis In 2004 to SUPtx)rt iThlividuals or gUp5 involved in mis5ton Arborfield Fund The Arbjrfield Fund represents monies received for future outreach opportunittes to the nearby hsir0 deVelOent Mlssionary Givlng Fund The undistributed arUnt of 20% of the Unrestrcted General Fund Incorne set aslde for missK)nary caus Mission Grants MissiC Grants are sal cclIe(t for Charitable purrM)ses, whlch are collected and pd ly. balances remaining are held as re#ritted fund& Community. Fuel and Food Poverty The Community. F(1 and F(th Poverty fu1 has Len estsblished for the relief of Fund in the Icral area. SinkirvJ Fund The Slnking Fund is held in resFect of major repairs to the fabric of the FBC Centre. This fund is matd)ed with a bank de005it account is held on trust on behalf of other urs. Finchampstead Parish Counal Grant The Finchampsteaj Parish C£n01 GrBnt is a contributK)n toward the FBC y(JJth
Page 21 NCHA HURCH CHARITABLE C MPANY UMITED BY GUARAN HE NDI G 31sr (continued) 18. FINCHAMpsfEAD BAPTIST CHURCH (UNINCORPORATED) REsfRICTED FUNDS Balance at 11112024 Balance at 3111212024 Vision Fund Chapel Trust Fund External Grants Manse Fund 2,601,143 242,553 1,584,875 (71,693) (4,318) 2,529,450 238,235 1,584,875 480 £4 455 796 £4 379 305 External Grarts reoived Big Lottery Grant Finchampstead Parish Council English Cricket Board Sport Englant1 Grant WBC Children Centre Total 495,000 40,000 19,875 400,000 630 000 £1584.875 During 2008 the Big Lottery Grant (C(xnmunty Buildings) was awarded for fUling the new FBC Centre. SFQrt England also awarded a grant for the ccst1ctIon of the FBC Centre and the emplOent of a srts Lkvelopment offir. Flnchampstead Parish Counal awarded a grant as a contribution to the construttion of library in the FP£ Centre. In 2010 a grant was received from the English Cricket Eard. WBC thildren Centre repre*nts a 125-year lease based on Surestart Funding. Chapel Trust Fund This fund represents the proceeds of the former dkpel sold tn 2010 and is a Restricted ftjnd. In temis of the confimiatory deeds regarding the Chapel proceeds (2013) it was agreed that the church's share of the two manses L'Abri (£176,280) and a prokxxbon of sa {£104,836) will be furKI1 with the Eyd$ of the thapel Trust. Manse Fund In 2013 the funding of the thurth s share of L'Abri changed from the Manse Fund to the Chapel Trust Fund. Up to that p)int the church s share of L Abri was held in the Manse Fund in terTns of the HoltA)m Trust. These funds are now unrestricted and availabk as general furKls. £31,297 of the Manse Fu1 was retsin& in FBC Charitable Unincorporated organisation to fiJrKI the balan of sa a1 the rest was transferred to FBC Charitsble Company Limited by Guarantee as general funds. Vlsion Fund This fund was established in 2003 for fjjtU capital ex[xIlture as authorised by a Church members, meeting and was used substantially to fund the P3C Centre. 19. NET ASSEfs BY FUND Total Fixed Assets Net Current Assets 51,428 233 979 4,892,554 4,943,982 197 474 £5 141456 £4 856 049