HAZEL GROVE BAPTIST CHURCH ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31. AUGUST 2024
Hazel Grove Baptlst Church Year Ended 31st August 2024 coiYrENTS PAGE Deacon5 Report Church Inforn]ation Church Status, Aims & Objectives for Church Review of Churrh Artivities and Finances Report of the Aetollntts Statement of Finallclal Activities Balance Sheet Notes to the Accounls 10-16
Hazel Grove Bapttst Churcb Year Ended 31° August 2024 Elders gnd Deaeons RepTrrt i.& the Trntee5 Tbe DeacotLS present their report for the year ended 31° August 2024 Elders and Deacons ie. the Trustees The table below shows th¢ Elde and DeacoL8 i.e. the Tn]stees who have seryed durlng tbe year, their responsibilities within the Churc th¢ dates of their appointtuenL re-appoAntmenL or rcsignatiOD. Our Minister. William Montgomery. who served for 27 retir¢d on 31 March 2024. W¢ arc extremely ful for his rnaoy years of ftninisty. ELDERS RESPoNSy APPOINTED RENEWAL DATE re-a oin Rev.W. Mont Mark Pathjon John Bulman el Tedford Minister Assistant Minister ElderlPa8toral ElderlEwdn lism Retired 31 Mar 2024 IM Jao 2022 03 Ma 2022 04 Jan 2025 03 Ma 2026 DEACONS RESPONSIBILrrY RENEWAL DATE re-a oillted 08 March 2022 16 Octobcr 2021 08 March 2022 04 Janu 2022 16 (Mober 2021 07 March 2023 03 Ma 2022 Maureen S. Babcock Jean Baker Felici Chisholm Denis¢ Ed Cath Macka Brian N¢¢dham Uchenna Oko 08 March 2025 16 October 2025 08 March 2026 04 Jul 2025 16 Mah 2026 07 March 2026 03 Ima 2025 Communi W0bI Finan¢ Fabric/PersonDcl Principydl Address Hazel Grove Baptist Church Ststion StrceL Hazel Grovc, Stockpo¢ Cheshire, SK7 4EX PTthclpal Bankers The Royal Bank of Scotlan Dnunmond House, l RedheS Avenue, EdiThbUr EH12 9JN RepordDg AccountaDts Castleton5, Chartcred Certifi¢d Accounlants The Old Workshop. 12b Kennerleys Lane. Wiim51ow, Cheshir4 SK9 SEQ Trnstses North Westem Baptist Association Resource Centre, Fleet StreeL Newto Wigw WN5 ODS Charfty number 1133951
Hazel Grove BaptAst Cburch Year Ended 31rt August 2024 StatUS HGBC 18 a Member of the Baptist Unlon of Grcat Britain. The TneeS of HGBC are the North Western Baptist Association who wer¢ appoioted in accordance with th¢ Fairbairn Tnts. ad at a Churcb Meeting dated 28 O¢t0ber 1993. The present constitrlti( of HGBC Wds adopted at a Special Church Meeting on Tuesday. 20 October 2009. Aims and Objectlves Th¢ aitn of th¢ church shall be to scrye as th¢ body of Christ in Order to extend the Kingdom of God and glorify His Nam¢ io the areas of Hazel Grove, Stockport ar beyond lo pursuing this ainL the main objectives shall k those in the church's Visio and captured in the ChUh,5 mi55ion of enabling ordinary people to becotue extrdordinary disciples of Jesus. the church ¢ngag¢s in: I. woi8hÉp and Prdyer 2. Bibl¢ T¢aching and Fellowship 3. Missionary Evangelism at honK aod abroad 4. Nurturing Christian b¢ltgYet5 5. Encourdging and equippiog ¢lLe Gongregation 6. Children and Young People's wo 7. PastOTal Ca 8. Supporting Social Care 9. Mccting certain needs of the Communtty. 10. Relating to Baptists and othcr Chtistians g¢ncrally. as bencficiatly as possiI)le. The Church's aims and objectives are worked out on a daily basis in accordance with the vision God h&5 given to the churc and as the Hojy Spirit directs thro Ihe Church Meeting from time to time.
Hazel Grove Bapltst Cburch Year Ended 31fit August 2024 Flnandal RevieTV The HGBC Leadership are extr¢mely gratefill for th¢ Continue outstandin& fula1 support of its mell1be and ¢huTch attcnd¢¢s. llleome Total incorne for this year of £30021 I compared to £290,594 in the pwiovs ycar. EendItUre Total ¢xpenditutr for this year was £290.330 {AlUdIng depreciation of £21.880) compared to £311,518 {in¢luditig depreciation of £24.662) in tbe previo year. The churth bas been able to Contin its support of mally Mission Works as hoped and p1anll both in the UK and Abroa¢ by donating £31,377 {pVIouS year £35,939). It also belped its own nKmbers in fuiancial need with Pastoral dO110S totalling £4.714 (previous year £8,972), along with f4)od paTcels where needed. Reserv Policy The TteeS have exatnined the n¢¢d for free e[V¢S and they CO51der. that given the natLre of the cFtarity's work and its commitments tbc level ofthc free reserves should bc approximately4 month's salary and building costs as a general nde being £54.4(K), whilst acknowl¢dwg the leading of the Holy Spir£t which would allow reserves to fall below this le1. Reportlng Aeeountant In preparing this report and these accounts we grat¢fi to our accountanL Castletons Accountants. The accounts have been prcpatcd in accordance with the c]ty Conunissioners guidelines for an Independent Exarninatio and ar¢ pr¢s¢llt for your approval. Th¢ attached accounts and statem¢nts of assets and liabiliti¢s r¢]ating to yvar ending 31 August 2024, are as approved by the deacons. Approved by th¢ Diaconate and s]gD OD Its behalf by. l)V4S...G....<l,g.£... Dat¢...4.. a
Hazel Grove Baptist Church Year Ended 3] August 2024 INDEPENDENT EXAMINERS REPORT TO ThE DEACONS AIYD MEMBERS OF HAZEL GROVE BAPTIST CHURCH I report on th¢ accouots of the TnLSt for the year ended 3 l. All81 2024, wbich arc set out on pages 8- 15. Re5pectlve responsibiliti of Deacoms and examiner As the cftwity's Deacons you are respoAble forthe prtati0ll ofthe accounts: you considerthat the audit requirement of section 144 (2) of the Charities Act 2011 (the 2011 Act) does not apply and an independent examination is neede It is my responsibility to cxaminc the accounts under Section 145 of the 2011 ACL state, on the blls of procedures specified in the General Directions given by ibe Charity Con]missioners under section 145{5) (b) of the 2011 Act. whether particular nutters hav¢ Con to my attention. Basis of Independent Euminers Report My exaMinlOn Iyds carried out in accordance witb the Gener81 Directions 8iv¢n by the Charity Co]nEnissioner& An ¢xamination includes a review of the accounting rerdS kept by the charity al a ¢omparAson of the accounts present¢d with those (ts. It a]so includes coDsider*ion ofthe unusual items or disclosLCS in the acry)unts. and s¢¢king explanations from you as Deacons concerning any such mattws. The procedures undertaken do not provide all th¢ evAdenr¢ that would be requir¢d in an audi¢ and Collsequently I do nol express an opinioll on whether the accounts prt a InK and fairview and th¢ rep)rt is Limited to those nutters set out in the statement below tlldepelldfnt Examlnerj Statement Since the ¢harAty's sross ia¢ollK exceeds £250.0 your examAn¢r be a meDther of a ix)dy lited in section 145 of the Act. I Confirni that I qualified to undertake the examination bccause l am member of thc Association of Chartered Certified Acoountant4 which is one of the listed bodi. tn connection with rny cxarninatioffj no nutter has come to my attentio wbich giv m¢ Sonable cause to believe that in any njatcrial aspcct th¢ requirements The accounting records were not kept ia accordan with section 130 of the 2011 A¢ and The accounts did not accord with thc coUnting or The accounts did not ConlY WAth th¢ acc0ulltingfftwiTts of the Cl)aritics (Accow)ts and Reports) Regulations 2008 other than any requirement that the accounts give &.tn and fair. VACW which AS not a matter Consided as part of an iodepeodent examinatio I havc llo C4)ncerns and have come arr055 no other matters in connKtioa with th¢ aMination to which understanding should b¢ drawn ID this rwrt in ordcr to enable a propttuttdffstanding of th¢ accounts to be reacbe(L JAcodD4E FORD FCCA CASTLETONS CHARTERED CERTIFIED AccouNfANTS THE OLD WORKSHOP 12B KENNERLEYS LANE WILMSLOW CHESHIRE SK9 SE zo2S
Hazel Grove Baptist Church Year Ended 31" August 2024 Statement of FiDaneisR Actlvlties For The Year Ended 31st August 2024 Income & ExpendRture Account REsTRID TOTAL FUNDS NO 2023124 2022J23 2023llA 2022ll3 Nots number to aLLounts Incomin Resouree5 2023124 Covenanted Givin8 158.081 161A57 15&081 161,557 General Offerin8S 28,756 32.130 2&756 31130 Donations. Tax r¢funds 35599 34.959 6,053 35.599 34.959 6.053 34,772 Bank Inlerest Received 3J50 3J50 1,552 Gifts for Specific Necds 718 6J51 7,518 6J51 Miscellaneous Income 20,193 3&734 20.193 35.734 Deaconfield Limited 12,445 41100 14445 Profit on sale of fixed assets Total Income for Year 6.755 292.693 75S 300,211 7.5A8 351 290,594
Hazel Grove Baptist Church Year Ended 3111 August 2024 Statement of Ffinanclal Activltles For The Year Ended 31rtAugllst 2024 Income & EendItUre Account UNRESTIUCTED RESTRICTED FUhT)S 2023124 2022ll3 TOTAL FUNDS NO 2023124 2022123 Note number to a¢Lounts 2023124 2022123 Total Income for the Year 291693 18 351 300,211 290 594 Resources Ex nded Direct Chirltsble Ex enditure Ministerial sarles & Ex enses Mission, Donations & Trainin Pastoral Gills for S L¢ifiL Needs Mlscellaneous Ex nses Youth. Stdtion¢ & Outr¢ach reciation T)ireet Charitable Ex 133.143 31J77 130.177 35,939 133,143 31,377 4.714 35.589 28,593 21.880 255,296 130.177 35.939 8.972 31.100 40,509 24.66? 271,359 4.714 8.972 35.589 28,593 21,880 250.582 31.1 40,5 24.662 26Z enditurt 4.714 8.972 Other Ex enditure Buildin Maintenance Costs Accountanc Valuation fee 32574 38,419 38,419 1,800 660 Non-Ch2rl¢#ble Ex enditure 40,159 Total Ex enses for the Year 285 616 302546 290 30 311518 Net Incomlng Resource5 7,U77 -18J03 2W4 -2,621 9,881 -20,924 Fund Balance5 at 1.9.2023 947 221 926 297 947 221 Transfers 621 Fllnd Balanees at 31.82024 93 178 92 936 178 926,297
Hazel Grove Baplist Church Year Ended 31 August 2024 BALANCE SHEET As At 31yt Au ust 2024 BAkniNCE SHEET . ASSETS iJNRESTRicfED RESTIUCTED TOTAL FUNDS NO.= Note to Balance Sheet NO 2023124 2022123 202312024 2023124 2022123 Fixed Assets: Tgn ble Freehold on Station St. Fixlurcs & E ui mcnl Motor Vehiclc Share of Nlan5¢ Total Flxed Assets 599.684 620,060 599.684 58 620 060 19.240 625 82 19.980 643,032 19,240 625382 613.032 Intan ible Fixed A&% 122.0110 122.000 Current Assets Stock of Statione Debtors Bank Balances Total Current Assets so 15.049 182 06 197.405 50 15.049 182J06 197 405 io 170 765 1 170,815 170 765 17U 815 Creditors: < l Year 12 $09 509 Net Curr¢Dt Assets 101.265 161 265 Net Assets Before Creditors < l Yar 93&178 926297 936.178 926,297 REPRESENTED BY Accumulated Fund B8lan¢¢ blforward 926,297 947.221 926,297 947 221 DefiLitIS lus for the 'car Transfer tolfrom restriGt¢d fjmds Balances -18J03 -1621 1621 YeRr End 926297 936 178 926397 Approved by the Deacons on 4 a 2cya DENISE EDGE -
Hazel Grove Baptist Church Year Ended 31# August 2024 Notes to the Account5 l. AccoupifiNG PoLICs The financial statements, incorporating a Statcment of Fitwicial ActiVAtiA have been prepared in accordance with the Statement of Recommed Practic¢: Accounting and Reporting by Charitiespreparing their accounts ill accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 together with the Clwites Ad 2011. The charity constitutes a public benefit entity a5 defined by FRS 102. The particular accounting [licI¢S adopted by the Deacons are described below: i) AcCoUr[NG CONVEKfIoN These financial statements have been prcpaTed under histori¢ cost convention as modifi¢d by the revaluation of Fixed Aet& li) tNCONfjNG RESOURCES Gifts received are accounted for as soon as it is pnxlent and prdcticabie to do so. genernlly the earlier of the date ofnotification and rcceipt. Cov¢nant giving and generdl offerings arc accounted for on ffceipt of th¢ fds. Tax rebates are accounted for on r¢¢cipt. Gift aid receipt from D0field Limited are accounted for then ceive iii) RESOURCES EXPENDED Direct Charitable Exp¢nditure. Includ all expenditure dirrftly r¢lateAI to the objects of the cllurch (in accordattce with SORP) iv) PENSION COSTS The pension costs charged in the fmancial statements represent the contrlbutions payable by the church during the year. Th¢ church makes conlTibutions to the minister's and ]Stant minister's personal pension plan. The assets of the schemes are held sCrat]Y from those of ihc church in independently administered funds. The pension Costs charg¢ r¢preseDts contributi0Th8 payabl¢ by the church to thg fimds and amounted to £8.706(2023: £9,596) v) DEACONS D¢acoDS are not r¢imbursed expenses for the wDJk cattied a5 Deacon5. vi) DEPRECIATION Tangible fed assets are capitalis¢d if they Cost £1,000 or more. They are stated at cost l¢ss th¢ir estimated Tesidual value, and are ille off ovw th¢ ass¢ts ¢xp¢cted usefid life, as follows: Audio Vlsusl Equlpment Computer Hardware & Software Motor Vehlcles LAnd & Bulldlngs & MAn5e Useful lif¢: S ymrs Useful Lfif¢: 3 years Useful Life: 5 years Use1 Llfe: 50 ye4fS vii) CHANGES TO ACCOUNfING ESTIl*lATES No changes to accounting estitijates have occutred in the reporting peIiLxL 10
Haz¢l Grove Baplist Church Year Ended 31° August 2024 Notes to tb¢ A¢¢ounts Vlll) INTANGIBLE ASSETS Intangible ets ar¢ heldthat do nothave aphysical SUbSts butare identifiable andarecontrolled througb U5tody or Icgal rights. No amortisation is ¢barged as it is ronsidetcd the value of the &ssets are in excess of cost. tntangible assets are AtiClud at histori1 c05t. 2. FIXED ASSETS Church Bullding Share of 31 Chevitst Road Ftstsre & Equlpment Motor Vehicle Total Fixed Assets CDSt or Vvdluvdtion Balan @ i. September 2023 1,018,809 37,() 194.059 12.6tM) 1.262,468 Addltlon$ 4,468 4,468 2,899 12,600 15,499 Balance @ 31" August 2024 1,018,809 37.0(KJ 195.628 1251,437 reciation Balance @ I" September 2023 398.749 17.020 191.067 12.6C() 619,436 Cha for Year 20J76 740 764 21,880 Eliminated on Dis osals 2,561 12,600 15,161 B$lance @ 31" August 2024 419.125 17.760 189270 625,155 Net Book Values 31°Au st 2024 599,684 19 6.358 625282 31" Au st 2023 620,060 19980 2,992 643,032 TILC Tn d¢¢ds to th¢ church building have been deF4)Sited WAth the Baptist Union for safe keq>ing. Th¢ Church owns 29.4Yg of the Manse. On currnit Market Valu4 their sbar¢ woutd be wortb approximately £141.120. A valuation was prepared by Trafford Surv¢yoTh Limited on 28 Jatllwy 2022 on the Church building. the market valuc of the ptop¢rty was valued at £610.0(xI.
Hazel Grove Baptist Church Year Ended 31rt August 2024 Notes to the Aecounts 2.& INTANGIBLE FIXED ASSET INVESTMENT 2023 Ordinary £1 Shares in Donfield Limited Holdin C05t of Investment At year end 122,01)0 122,(M)O (i 3l"August 2024 122,000 122,000 The shares ill Deaconfield Limited are re inthename ofthe cbureh'strustees, North Western Baptist ASSlation, Resource Centre, Fleet StreeL PembertOD. Wigat4 WN5 ODS. Th¢ awisition of the 80 £1 ordinary shares in D¢awth¢ld Ltd in 2004 gives the church oWn¢hIp of the company which owns the land directly behind the Station Strect property. 1¥4ote 3: UNRESTRicfED RESTiucfED TOTAL FUNDS Mlscellaneous Income 2023rz4 2022t23 2023124 2022123 2023ll4 2022123 Youth R¢¢¢i Seedlin PersonneLIProf Mission 5.805 1.954 I,6 5,218 15567 1.482 5.805 1.954 1,046 5.218 15,567 1,482 23 12255 12255 Sund Income Community Worship 2.3?2 1807 1.908 4,069 430 2.32? 2,807 1.908 4,069 430 20.193 35,734 20,193 12
Hazel Grove Baptist Church Year Ended 31" August 2024 Notes eo the Aeeounts Note 4: UNRESTiucfED FLThDS 2023124 2022n3 RESTRIcfED TOTAL FUNDS Salarles 2023124 2022fLI 2023n4 2022123 Salari¢s ¢r5 National Insurdnce Pension Costs nses Time for God Year end re Pa oll costs Trainin Total for 102,640 5.740 8.706 3.674 8,701 104,495 6.185 9.596 4.745 102.640 5.740 8.706 3.674 8.701 104,495 6,185 9.596 4.745 72 672 4.412 761 2,921 133.143 761 2.921 133,143 672 4.412 130,177 ear Total averag¢ numb¢r of anploy¢¢s duzing the year was 5 (average 2023- 6). Nots S.. RESTRICTED FUNDS 2023124 2022123 TOTAL FUNDS l¥lisslon, Trainin Donations 2023124 2023124 2022123 Home Missions Oversea5 Nlissions Totsl 16,336 15,041 31J77 1?,005 23,934 16,336 15.041 31 77 12,005 ?3.934 Iwlote 6: TOTAL FUNDS FUNDS 2023r24 2022123 FUNDS 2023124 2022123 riscellaneous Ex ¢n5eS 2023124 2022123 RenL Licences & IrLsuran¢e's Gas, El¢¢tri¢ and Water Tele hone Bank Char Totsl 6.996 24.057 3.437 7.?17 17.003 5.806 6.996 24.057 3.437 1.099 35589 7.?27 17.003 cs 1,064 31.100 35389 13
Hazel Grove Baptist Church Year Ended 31° August 2024 Note¥ to th¢ Ac¢oullts Note 7: UNRESTRicfED RESTRTcfED TOTAL FUNDS Youth. Statione And Outreach in Evan eltstn Cat¢rtn and cleanin Outrca¢h ststione Pul it Su Youth CommuDi Resources Church meal Misc Total 2023124 2022123 2023124 2022123 2023124 2022123 50 3,094 8,680 4.099 3,224 153 5.264 1.827 1.818 250 3.682 4.454 3.5?0 2.9?7 250 3.094 8.680 4.099 3.224 153 5.264 .827 1,818 250 3.682 4,454 3.520 2,927 200 16.190 5.214 1.911 ?.06A 147 40J09 & Com . Consumables 16.190 5214 1,911 147 28,593 2893 Note 8: UNRESTRicfED RESTRicfED TOTAL FUNDS reeiation to Fiyed Assets Period to M'rite o 2023124 2022n3 2023124 2022123 2023124 2022123 Minislers Car: ear5 Valuation of Manse:150 Church Freehold: 50 ears Com uters & E ui ment: {315 Total Dc r¢clation for Year 740 20J76 7(A 21WO 740 20J76 740 20.376 764 21,880 740 20.376 3.546 ars 24 Note 9: UNRESTiucfED FU.YDS 2023124 2022123 TOTAL FUNDS FuDs 2023124 2022123 irs to Premlses and Bulldin rovements 2023124 General Re Pro ecls ul ment re airs Asscls under £l.OTr) w/off Total I rovements for Year its & Maintenance 24.884 3.695 22255 12.709 1.031 2.424 38 19 24.884 3.695 22.255 12,709 1.031 2.4?4 3,995 74 3.995 32,574 14
Hazel Grove Baptist Church Year Ended 314 August 2024 Notes to ¢h¢ Affoullts Nots 10: UNRESTRICTED REsfRICTED TOTAL Ft]NDS 2023124 Debtors Deaconfield Ltd GiftAid Other Total debtors 2022123 2023124 2022123 2023124 2022123 9.968 81 15.049 81 io Note 11: F40 RESTIUCTED FUNDS TOTAL FUNDS 2023124 Bllnk BAlan¢e5 Current ALLounl sil Account Car Rc lac¢m¢ni Reserye New Li uid Mana er account Totsl Blnk 4nd C45h BanCeS 2022n3 2023124 2022123 2023124 2022123 1.273 138.916 30.576 94235 2,097 94.235 138.916 30,576 85.974 182JQ6 85,974 182J06 li 170 765 Note 12: UNRESTRtCTED FU)s 2023124 2022123 RESTRicfED FUNDS 2023124 2022123 TOTAL FUNDS Credltors: Due In k85 than one 2023124 2022123 Accruals Total Creditors < l Year 8.SOY 9.550 8.509 12 9,550 Nots 13: Independent Examination The amount paydble lo the independent examiw vTrs as folk)ws 2024 2023 Independent examination Other assurance service8 Tax advisory scrvlces Other financial s¢rvices 1.800 Nil Nil 1,740 Nit Nil Nil 15
Note 14: Related Party Disclosure The trus*es who We remuoetated dutiog th¢ year weTr Rev Mont8om¢ry and Mark Paddon as below. In addition R¢v Montgomery's home is part by the church as a manse. Salarles EMployers NIC Pewions Total 2024 Totsl 2D23 Minister Assistant Mtoistcr Youthlfamlly Worker TothI for 37.956 44.057 1688 3.003 4,847 45,491 50,9IJ2 50,524 44,028 14,951 5,691 W93 109.503 16