Charity Registration No. 1133944
CREECH ST MICHAEL BAPTIST CHURCH
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Lentells
Chartered Certified Accountants

CREECH ST MICHAEL BAPTIST CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Revd. M Bradley
J Warden
C Medlock
R Jarvis
M Bailey
MFOX
ALaw
R Willcocks
D Patrick
(Appointed 3 June 20241
Charity numbor
1133944
Independent examiner
Jodie Farkas
Lenlells Limited
Ash House
Cook Way
Bindon Road
Taunton
Somerset
TA2 6BJ

CREECH ST MICHAEL BAPTIST CHURCH
CONTENTS
Page
Trustees, report
Statement of trustees, responsibilities
Independent examiner's r8POrt
Statement of financial activities
Statement of financial position
Statement of cash flows
10
Notes to the financial statements
11-23

CREECH ST MICHAEL BAPTIST CHURCH
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The accounts have been prepared in accordance with the accounting policies set out in nole 1 to the accounts and
comply with the church's trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}" {as amended for accounting periods
commencing from 1 January 2016).
Objectlves and actlvltles
The objectives of the charity are to advance the Christian faith according to the principles of the Baptist
denomination. It also advances education and undertakes other charitable purposes in the UK and other parts of
the world.
The activities undertaken include public worship, prayer, bible study, teaching, encouragement, education and
pastoral Care.
Public Benefit Statement
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
church should undertake.
Grant-making Policy
Grants are approved by the church meeting within the approval of the annual budget with any additional items voted
by the same body during the year as Ihe need arises.
Achievements and performance
Annual Review 2024
2024 saw us celebrating 200 years of there being a Baptist church in Creech St Michael. We held events throughout
the year, including two special services in March thanking God for his faithfulness, with various past ministers
attending along with the mayor of Taunton, followed by an 'indoor picnic, with a beautiful 2001h anniversary cake.
Continuing the anniversary celebrations, in October we welcomed about 200 people {from both the church and the
wider local community) to a Harvesl Home evenl. This included delicious food, alcohol-free cider and ale, and a folk
band led by one of our members, and was a lot of fun. During the year we also held quieter, more reflective events
to mark our 200 years, including a 24 hours of prayer event, a prayer walk and a week of prayer with guided prayer
displays and communal Night Prayer via Zoom. Also displayed in church on 2 large boards were hundreds of
photos, gathered from members past and presenl, of moments ofjoy and fellowship from the distant UP lo the more
recent past, and this served as an inspiring wilness to what God has done in and through our church.
In addilion to the celebrations, 2024 was yet again a busy year, starting with both a marriage course and an Alpha
course.
Our Sunday morning services have been well-attended. by both existing church members and new people. Our
ice-monthly evening services are quieter, but have proved an inspiring opportunity to worship and to lean more
into God's presenGe. Sunday morning youth and children's work is also thriving, with a good number of young
people attending regularly and learning more about our faith while having fun and forming friendships togelher.
Our Creech Men group continued to thrive, with varied events aimed at men supporting each other in their faith and
in friendship together , and a monthly ladies group called Nourish also started, providing breakfast and a chance for
ladies from within our church to support, encourage, inspire, and pray for each other. The monthly Carers, Group
facilitated by our church, and run by CCS, has continued to welcome many unpaid carers and the people they're
caring for, and is hosled by 2 of our church members who offer a warm Christian welcome. On the weeks that the
arers, group isn't running, this year has seen the start of a weekly Ghair-based exercise Glass aimed at seniors and
those with mobility issues. Run by a church member, this has proved not only good for folks, physical health but also
a good way to reach out to seniors.

CREECH ST MICHAEL BAPTIST CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Our youth and children's work continued to reach out to young people, with Sunday morning groups for all ages,
and two weekday youth groups for ages 11 and up, along with a monthly 'youth café'_ a friendly space based in our
café where young people can invite their friends. Some of our young people also went on residential camps called
SPREE {where we joined with 2 other local Churches) and Luminosity {part of New Wine). Some also attended
'Movement Worship, evenings and local Christian youth gatherings, giving them the opportunity to meet and worship
with other local young Christians, and some our young people were also involved in leading the worship too.
The beginning of August once again featured our Holiday Club. More than 100 primary-school aged children came
along for a week of silliness, crafts, games, stories, Bible study, prayer, and laughter, run by dozens of church
volunteers.
Shine, a lunchtime club in a local primary school, continued to introduce children to the Christian faith through
stories and crafts and in 2024 grew in popularily, attracling 30-50 children every Thursday lunchtime. Our paslors
and other members were also involved in local schools through governing bodies, ethos committees, leading
assemblieslcollective worship, and running Open the Book.
Our weekly Parenl and Toddler group also thrived in 2024, with many parents and carers from our local
communities attending with their young children.
Easter time saw our Church join togelher once again with our local Anglican friends in a walk of witness through the
village, as well as our usual Easter services and celebrations.
After Easter, our Lead Pastor went on sabbatical for 3 months, allowing him to explore various aspects of his faith.
Our Life Cafe conlinued to grow and thrive. Opening on Thursdays and Fridays and on 2 Saturdays per month, we
welcome people in not only to share food and drink, bul lo share encouragement and support. We also run regular
Community Feasts, offering a free meal and a warm welcome to anyone in the local community.
We have 15 Life Groups which continued to give members the chance to gather in smaller groups to study the bible,
prayerfully support each other, and have fun. One Life Group, J24 based in North Pelherton, continued lo be
involved in reaching out to asylum seekers in a local hotel. Under the guidance of CHARIS la local Christian charity
with close links to our church, caring for asylum seekers and refugees) they run various groups and activities,
including Alpha courses in various languages, as well as enabling those who wish lo, to attend church.
We also continued our monthly prayer for the persecuted church and our weekly term-time 'pause for prayer, Iboth
via zoom)
Our Worldwide Mission group relaunched, strengthening connections with those missions and missionaries w8
support both in the UK and overseas. Our BMS link missionaries retired, and so we formed a new link with a
missionary serving in a challenging part of Ihe world. The Mission Group also slarted producing a monthly prayer
guide, with daily prayer guidan￿ for the many different ministries in our church.
Throughout the year, our leadership team continued to meet together for prayer and to discuss the spiritual and
practical oversight of church life.
One of Ihe mosl encouraging and inspiring aspecls of 2024 was the number of baplisms. 11 people were baptised,
including 5 of our young people. We also saw an increase in membership, with more people choosing to enter into
covenant relationship with us as a church family.
Allhough a storm prevenled the Christmas fayre from going ahead, 2024 ended with some joyful Christmas evenls..
carols by candlelight, a nativity on the theme of'Gogglebox', which saw our children and many of our young people
relell the Christmas story in an imaginative way, carols round Ihe tree at our local pub which saw a large number of
local people gather and have the chance to hear the truth of the Christmas story, and of course a celebration
service on Christmas Day.

CREECH ST MICHAEL BAPTIST CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Flnanclal revlew
The attached financial statements show the state of finances of the church and comply with the Charities Act 2011
and the Charities SORP.
The Statement of Financial Activities shows net expenditure for the year of £2,177 after charging depreciation of
£15,616.
The balance sheet shows an decrease in net assets to £325,130. Of this figure, £71,285 now relates to the general
fund, £43,553 relates to the designated funds and £210,292 relates to restricted funds for outreach, love gifts,
mission, church property and building funds.
As pointed out at note 1.12, Brookings Cottage and The Arches are held by a separate charity, the 'Brookings Trust,.
As such, all assets, liabilities, income and expenses of this charity are excluded from the accounts of Creech St
Michael Baptist Church.
Reserves Policy
The church has adopted a minimum level of income reserves of three months of budgeted expenditure excluding
restricted or designated expenditure. This reserve is adopted in order for the church to meet ils financial obligations
should there be a sudden reduction in its income. Al the year end, the unrestricted net asset balance amounted to
£71,285 which comfortably exceeds three months expenditure.
Investment powers and pollcy
The trustees are responsible for ensuring thal sufficient cash is held lo cover day to day expenses of the charily and
the best returns available are achieved on surplus funds.
Rlsk management
The trustees have assessed the major risks to which the church is exposed, and are satisfied that syslems are in
place to mitigate exposure to the major risks.
Structure, governan¢e and management
The church was established by Trust Deed and has a written conslilution, last updated 19 May 2014.
The Iruslees who served during the year and up to the date of signature of the financial statements were:
M Partridge
(Resigned 1 April 2025)
Revd. M Bradley
J Warden
B Cavaghan
C Medlock
R Jarvis
M Bailey
MFOX
ALaw
A Walla
R Willcocks
D Patrick
(Resigned 1 June 20251
(Resigned 31 December 2024)
(Appointed 3 June 2024)
The Trustees were appointed by the membership of the church in general meeting. Induction and training needs
are provided for by other trustees and external guidance is sought when needed.
The Church is a registered charity under registration number 1133944. The church address is Creech St Michael
Baptist Church. Creech St Michael, Taunton, Somerset, TA3 5QQ.

CREECH ST MICHAEL BAPTIST CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees. Expenses and Remuneratlon
In the current year and the previous year, no remuneration or expenses were paid to the Trustees in their capacity
as Gharity Trustees. However, Revd Bradley, Mr Partridge, Mr Bailey and Mrs Warden all received remuneration for
other aspects of their church duties. Remuneration paid to these individuals totaled £125,501 in Ihe year.
Related Charltles
The custodian trustee of the church is the Baptist Union Corporation Limited (charity number 249635), which is
controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain.
The trustees, report was approved by the Board of Trustees.
Signed on 30 September
Revd. M Bradley
Trustee
025 @ 17..31
Date..

CREECH ST MICHAEL BAPTIST CHURCH
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each
financial year which give a true and fair view of the state of affairs of the church and of the incoming resources and
application of resources of the church for that yéar.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent-
state whether applicable accounting standards have been followed, subject to any material departures disclosed
and explained in the financial slatements., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy al any
time the financial position of the church and enable them to ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They
are also responsible for safeguarding th8 assets of the church and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.

Jodie Farkas Countersigned on 01 October 2025 @ 09:04 



CREECH ST MICHAEL BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Current financial year
Unrestricted Unrestricted
funds
funds
general
designated
2024
2024
Restricted
funds
Total
Total
2024
2024
2023
Notes
Income from:
Donations and legacies
Charitable activities
Investments
254,513
26,069
1,565
21,485
5,729
60
281,727
26,129
1,565
254,597
26,554
917
Total income
282,147
21,485
5,789
309,421
282,068
Expenditure on:
Charitable activities
226,028
65,508
20,062
311,598
300,515
Totsl expenditure
226,028
65,508
20,062
311,598
300,515
Net Incomellexpendlture)
56,119
144,023)
(14,2731
12,177)
118,4471
Transfers between funds
(47,1481
60,972
(13,8241
Net movement In funds
8,971
16,949
128,0971
12,177)
118,4471
Reconclllatlon of funds:
Fund balances at 1 January 2024
62,314
26,604
238,389
327,307
345,754
Fund balances at 31 December
2024
71,285
43,553
210,292
325,130
327,307
The slatement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from conlinuing activilies.

CREECH ST MICHAEL BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Prior financial year
Unrestricted Unrestricted
funds
funds
general
designated
2023
2023
Restricted
funds
Total
2023
2023
Notes
Income from:
Donations and legacies
Charitable activities
Investments
210,199
26,554
917
24,533
19,865
254,597
26,554
917
Total income
237,670
24,533
19,865
282,068
Expenditure on:
Charitable activities
214,185
26,242
60,088
300,515
Totsl expenditure
214,185
26,242
60,088
300,515
Net Incomellexpendlture)
23,485
11,7091
140,223)
118,4471
Transfers between funds
137,620}
6,270
31,350
Net movement In funds
114,135)
4,561
18,873)
118,4471
Reconclllatlon of funds:
Fund balances at 1 January 2023
76,449
22,043
247,262
345,754
Fund balances at 31 December 2023
62,314
26,604
238,389
327,307

MGBradley Signed on 30 September 2025 @ 17:31 David Patrick Signed on 20/07/25 @ 19:48 



CREECH ST MICHAEL BAPTIST CHURCH
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operatlng actlvltles
Cash generated from/(absorbed by}
operations
20
9,324
1800)
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Investment income received
(855)
11,137)
1,076
917
1,565
Net cash generated from Investlng actlvltl8S
710
856
Net cash generated from flnanclng actlvltl8S
Net Increase In cash and cash equlvalents
10,034
56
Cash and cash equivalents at beginning of year
109,431
109,375
Cash and cash equivalents at end of year
119,465
109,431
10-

CREECH ST MICHAEL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles
Charlty Informatlon
The Church is a registered charity. The charity's registration number is 1133944. The church address is
Creech St Michael Baptist Church, Creech St Michael, Taunton, Somerset TA3 5QQ.
1.1 Accounting convention
The accounts have been prepared in accordance with the church's trust deed, the Charities Acl 2011 and
"Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102)" las amended for aGGounting periods commencing from 1 January 2016). The
church is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial stalemenls are prepared in sterling, which is the funclional currency of the church. Monelary
amounls in these financial statements are rounded to the nearest £.
The financial slatements have been prepared under the historical cosl convention. The principal accounling
policies adopted are set out below.
1.2 Golng concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the church
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charllable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitsble
objectives unless the funds have been designated for other purposes.
Unrestricted designated funds are funds which have been designated for a particular purpose. These funds
may be redesignated at the discretion of the church. An analysis of the unrestricted designated funds is given
in the notes to the financial statements.
Restricted Income funds are funds which are subject to specific trusts and objects. These comprise specific
love gifts, amounts earmarked out of general giving specifically for Outreach and Mission, and the original
amounts used for the re-building of the church building. The purposes and uses of the restricted funds are set
out in the notes to the accounts.
1.4 Income
Income is recognised when the church is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be re￿ived.
Cash donations are recognised on receipt. Other donations are recognised once the church has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations re￿iVed under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if Ihe church has been nolified of an impending dislribution,
the amount is known, and reGeipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
Lettings income is recognised when the renlal is due.
11

CREECH ST MICHAEL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
Investment income is accounted for when it is receivable.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct COSts and
shared costs, inGluding support costs involved in undertaking each aGtivity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
Grants
Grants and donations are accounted for when paid or awarded, if the award creates a binding obligation.
Other Charltable Expendlture
Expenditure that directly relates to a cost category is charged solely to that category. However, where
expenditure relates to al least two such categories, the cost is apportioned as necessary. Expenditure is
generally recognised when incurred and is accounted for gross.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, nel of
depreciation and any impairmenl losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:
Freehold land and buildings
Fixtures and fittings
10/0 slraight line Ilmprovements 50/0)
200/0 slraight lin8
The gain or loss arising on the disposal of an assel is delermined as Ihe difference between the sale proceeds
and the Garrying value of the asset, and is reGognised in the stalemenl of financial activities.
The deacons believe the historic cost of the freehold property to be £250,000 as incurred between 1983 and
1985. This specifically excludes the historic cost of the land which was gifted in the 1860's and is certainly
immaterial to these accounls.
The original cost of fixtures and equipment at 31 December 1999 was not known. It was not cost effective to
value all of the relaled assets. Therefore, the cost at thal date has been taken at its insurance value as per
the September 1999 declaration as allowed by the Charilies SORP. Fixtures and equipment purchased since
that date have been capitalised at cost and subjected to depreciation as above.
1.7 Impairment of fixed assets
At each reporting end date, the church reviews the carrying amounts of its tangible assets to detemine
whether there is any indication that those assets have suffered an impairment loss. If any such indicalion
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (if any)-
12-

CREECH ST MICHAEL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial instruments
The Ghurch has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the church's balance sheet when the church becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, wilh the nel amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc flnanclal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest melhod unless the arrangement constitules a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement conslilutes a financing transaction, where the debt instrument is measured at the present
Value of the future payments discounted at a market rate of interest. Financial li8bilities classified as payable
within one year are not amortised.
Debt inslruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the church's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the church is demonstrably committed
to terminate the employment of an employee or to provide lerminalion benefits.
1.11 Retirement benefits
Paymenls to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.12 Brookings Cottage and The Arches
Both of these properties are held by a separate charity, the 'Brookings Trust,, and a separale return is made to
the Charity Commission. As such, all assets, liabilities, income and expenses of this charity are excluded
from the accounts of Creech St Michael Baptist Church.
13-

CREECH ST MICHAEL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Crltlcal accountlng estlmates and Judgements
In the application of the church's accounting policies, the Iruslees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
14-

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CREECH ST MICHAEL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from Investments
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Interest receivable
1,565
917
Charitable activities
2024
2023
Charitable rental income
26,129
26,554
Analysis by fund
Unrestricted funds - general
Restricted funds
26,069
60
26,129
For the year ended 31 December 2023
Unrestricted funds - general
26,554
16-

CREECH ST MICHAEL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expendlture on charltable actlvltles
Charltable
activities
2024
Charltable
activities
2023
Direct costs
Staff costs
Depreciation and impairment
Charitable giving
Repairs and renewals
Church meetings and speaker expenses
Youth activities
111,471
15,616
70,321
65,199
11,087
8,616
102,934
16,105
75,928
64,091
5,971
9,911
282,310
274,940
Share of support and governance costs (see note 7>
Support
29,288
25,575
311,598
300,515
Analysis by fund
Unrestricted funds - general
Unrestrict8d funds - d8signat8d
Restrict8d funds
226,028
65,508
20,062
214,185
26,242
60,088
311,598
300,515
Support costs allocated to actlvltles
2024
2023
Staff costs
Depreciation
Subscriplions
Bank charges
Catering costs
Office and sundry expenses
Bookkeeping costs
Independent examination
14,911
30
1,720
123
998
3,504
5,420
2,582
14,684
96
1,175
98
1,326
3,068
2,550
2,578
29,288
25,575
Analysed between:
Charitable activities
29,288
25,575
17-

CREECH ST MICHAEL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
In the current year and the previous year, no remuneration or expenses were paid to the Trustees in their
capacity as charity Trustees. However, Revd Bradley, Mr Partridge, Mr Bailey and Mrs Warden all received
remuneration for other aspects of their church duties. Remuneration paid to these individuals tolaled £125,501
in the year.
The Trustees were reimbursed throughout the year for ordinary charitable expenses.
Employees
Th8 averag8 monthly number of 8mploy88s during the y8ar was..
2024
Number
2023
Number
Administrative
Pasloral
Total
Employment costs
2024
2023
Wages and salaries
Social security cosls
Other pension costs
106,431
4,545
15,406
99,367
3,735
14,516
126,382
117,618
A defined contribution pension scheme is made available lo all eligible employees. The employer cosl of this
scheme is shown above. The outstanding liability at the year end was £1,42712023.' £1,336).
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows..
2024
2023
Aggregate compensation
105,243
97,544
10 Taxation
The charily is exempt from taxation on its activities because all its income is applied for charilable purposes.
18-

CREECH ST MICHAEL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11
Tanglble flxed assets
Freehold land Fixtures and
and buildings
fittings
Total
Cost
At 1 January 2024
Additions
300,831
194,989
855
495,820
855
At 31 December 2024
300,831
195,844
496,675
Depreciation and impairment
At 1 January 2024
Depreciation charged in the year
112,787
5,042
166,876
10,604
279,663
15,646
At 31 December 2024
117,829
177,480
295,309
Carrying amount
At 31 December 2024
183,002
18,364
201,366
At 31 December 2023
188,044
28,113
216,157
Generally, all of the fixed assets are used for charitable purposes, though some of the fixtures and equipment
are used in the administration function and the church centre is periodically let when under used for other
purposes.
12 Debtors
2024
2023
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
5,000
6,952
5,000
5,277
11,952
10,277
13 Creditors: amounts falling due within one year
2024
2023
Other taxation and social security
Trade creditors
Accruals and deferred income
2,347
711
4,595
2,226
332
6,000
7,653
8,558
19-

CREECH ST MICHAEL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Retlrement beneflt schemes
2024
2023
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
15,406
14,516
The Ghurch operates a defined Gonlribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the church in an independently administered fund.
15 Restricted funds
The restri¢led funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 January
2024
Incoming
resources
Resources
expended
Transfers
At31
December
2024
Love Gifts
Other Specified Fund
Church Property & Building
Fund
New Wine Fund
Specific Gifts
15,617
5,690
4,950
779
13,0551
16171
115,617)
1,895
5,852
216,097
985
(15,616)
17741
200,481
211
1,853
60
1,793
238,389
5,789
(20,0621
113,824)
210,292
Previous year:
At 1 January
2023
Incoming
resources
Resources
expended
Transfers
At31
December
2023
Love Gifts & Mission Fund
Other Specified Fund
Church Property & Building
Fund
New Wine Fund
8,606
4,454
18,114
1,751
(42,453)
15151
31,350
15,617
5,690
232,202
2,000
(16,105)
(1,015)
216,097
985
247,262
19,865
(60,088)
31,350
238,389
The Love Gifts, Specific Gifts and Other Specified Funds receive and disburse specific gifts.
The Church Property and Building Fund relates to the funds used for the re-building and improvement of the
church and the centre.
The New Wine fund and the Ilfracombe BC fund were created in 2019 for specific giving.
-20-

CREECH ST MICHAEL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Unrestrlcted funds - deslgnated
The income funds of the charity include the following designated funds which have been set aside out of
unrestricted funds by the trustees for specific purposes..
At 1 January
2024
Incoming
resources
Resources
expended
Transfers
At31
December
2024
Youth fund
Fellowship fund
Outreach life cafe
Outreachllocal mission fund
Mission
1,793
535
4,303
19,973
11,793)
13401
(20,7731
13,6541
(40,741)
195
4,249
23,809
15,300
20,719
17
749
7,473
55,292
26,604
21,485
(65,5081
60,972
43,553
Prevlous year:
At 1 January
2023
Incomlng
resources
Resources
expended
Transfers
At31
December
2023
Youth fund
Fellowship fund
Outreach life cafe
Outreachllocal mission fund
1,793
123
2,297
17,830
1,793
535
4,303
19,973
4,802
19,062
669
14,3901
(17,0561
14,7961
6,270
22,043
24,533
126,2421
6,270
26,604
The Outreach and Mission Funds receive and disburse specified proportions of unspecified offerings received
including tax recoverable. The proportions for the current year amounted lo 3 % for Oulreach12023.' 3 % l and
15 % for Mission12023'. 150/0}.
Th8 Youth Fund rec8ives amounts given to support Youth activities and those families working with young
people in Ihe local community.
The Special Mission fund is to help individuals with specific training and support.
The Fellowship Fund receives amounts from the General Fund for use in particular cases of need and
hardship within the fellowship.
The Outreach Life Cafe was set up in 2016. Surplus funds generated are distributed to good causes.
21

CREECH ST MICHAEL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Unrestrlcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 January
2024
Incoming
resources
Resources
expended
Transfers
At31
December
2024
General funds
62,314
282,147
(226,0281
147,148)
71,285
Previous year:
At 1 January
2023
Incoming
resources
Resources
expended
Transfers
At31
December
2023
General funds
76,449
237,670
(214,1851
137,620)
62,314
18 Analysls of net assets between funds
Unrestrlcted Unrestrlcted
funds
funds
general designated
2024
2024
Restrlcted
funds
Total
2024
2024
Fund balances at 31 December 2024 are represented by:
Tangible assets
824
Current assetsl(liabilities)
70,461
200,542
9,750
201,366
123,764
43,553
71,285
43,553
210,292
325,130
Unrestrlcted Unrestrlcted
funds
funds
general
designated
2023
2023
Restrlcted
funds
Total
2023
2023
Fund balances at 31 December 2023 are represented by:
Tangible assets
Current assetsl{liabilities)
216,157
22,232
216,157
111,150
62,314
26,604
62,314
26,604
238,389
327,307
-22-

CREECH ST MICHAEL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
19 Related party transactlons
Transactlons wlth related partles
At 31 December 2024, the charity was owed £5,000 from the trustees (2023 - £5,000). This loan is interest
free.
20 Cash generated froml(absorbed by) operations
2024
2023
Deficit for the year
12,177)
118,4471
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
11,565)
15,646
19171
16,201
Movements in working capital:
Ilncreasel in debtors
IDecrease)lincrease in creditors
11,675)
(905)
1551)
2,914
Cash generated froml(absorbed by) operatlons
9,324
18001
21 Analysls of changes In net funds
The church had no material debt during the year.
-23-