HBCt Horfey Baptist Church Charity no 1133976 REPORT & ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2024
HORLEY BAPTIST CHURCH CHARITY INFORMATFON FOR THE YEAR ENDEO 31 MARCH 2024 Trustees Term of 0e (if durirvj Year) Mrs Janet Banfield Mr Richard Bwnett Mr Bernard 8ellingham Mrs Sue Duff rrTeasurer) MY lan Gray Mr Darren Jones (Children and Families Pasior) Dr David Makanjuola Mrs Gillian Martin Mr Christiaan Muller Mr Neil Robinson Rev Martin Shorey (Minister) Mrs Helen Sweet Mrs Sandrn Turner Mar 24 Mas 24 Custodian Trustees Baptist un CorFM)ratM)n Goveming Document ConstitiAn ath)pted 25th February 2CX)g Charity Registration Number 1133976 Principal Address Fkrfey Bapt15t Churth 289 Cwrt Lodge Roal Fk)rtey Surrey RH6 8RG Independent Examiner Lisa Daty FCA Stewardship l Lamb's Pa&%aJe Lon(k)n ECIY 8A8 Bankers CAF Bank Limited 25 Kings Hill Aver KirYJs Hill. We Majling, Kent ME19 4JQ Contents Charity InformatNJn Trustees, Annual Refl IndepEndent Examinerfs Repjrt statenI of Financid Aciivit*5 Ban Sheet les to Accounts IDeta"led St&ement of Financial Athl5 wth Comparative5] Page 2to6 IOto19
HORLEY BAPTIST CHURCH TRUSTEES. ANNUAL REPORT FOR THE YEAR ENOED 31 MARCH 2024 The trustees have pleasure in submitting the Rep Accounts for the year. Objects of the charity The charity. which is a church. is conitsJted as an unincorporated chariti?b association aTrJ is govemed by its Constitution. alopted on 25th February 29. The objects of the charity. as sei out in Ihe governing document are.. The principal purpose of Ihe Church is the advanment of the Chri1an faith according to the principles of the Baptist denomination. The Church may also alvance education carry oul other charitable purposes in the United KirwJdom andlor other part5 of the world. The trustees note the Church is not a buihjing. but a gatheriry of ordinary people of different ages and backgrounds. whose INes have been changed by Jesu5 Chnst. the Son of GcJ. The New Testament reveaLs the Church as a community of people, property taught aTrJ cared for. who by lovirKJ arKI servirg Jesus Christ, Wre also commrtted to love and care for each other and lo briro a bSsing to the area in which they Iwed. Horley Baptist Church" its trusiees. ekjers arKI members are committed to the restorats.on of those New Testament principles. 11 is not alone in this. it is one of mary Churches in the are4 county and all over the world that is re-discovenng the excitement of knowirMJ Jesus Christ. The vision is to the people of Horley. Surrey come into this experience of knoMrvJ Jesus as their Lord. Sawour and frieThl. Summary of the ehwitys main activities and achievernents To lurther the above obiects aTrJ vision. the charlS main activitses achVernents Vre as folScws.' The Church Leadership seeks to le1 the fell¢M5hip in four m&n eaS of Christian living: Worship Prayer Discipleship Reaching out to others (Mission) The Church eroages in a range of Activilies either on its Mi or with others will vary from ts'me lo tsme. The A¢"vIeS include but not restricted to: regular public worship. prayer. Bible study. preaching and teachirKJ: baptism, as defined in Ihe Union's Deciarats"on of Pnnciple., the Communion of the Lord's Supper vthich sh&1 normdty be observed at least once a month: evangelism and mission, localty, regionalty. nationdly arKJ intemationdty.. the welcome. erKouragemenL teachiro ilUsion ol dl regardless of backgroutKi'. nurture and gr0h of Christian disciptes" education and trainiNJ for christs.an community service: giwng and encouraging pastoral care", supporting and encouragiw charitable social action in the United Kingdom armj abroad" encouragi relationships with and SUPPOTtiw Bapts'sts and other Chrisiians.
The Church seeks to demonstrate the Chri&ian farth in &tion by serving the communty in which it is placed a1 offers a variety of aowilies and facilities to this e1. ch as: Chiklren and young people's groups Support for local schools Support for people with Special Needs month services designed to be inclusve for people wrth leaming dthculties. mentd health and physical disabilities Facilities used for regular community groups. such as f0srIng and heaithcare servKes. Home groups enab study, fellOshIP aThJ dtscussion of the Christian fath for people at all bevels of Ith {trom enquiry to maiufty). Leading groups or supporung IANlalS in local residential homes Wofkiw with the other Horley churches io run the Horley Fo(xJ Bank. Craft activits.es lo bfiro the community t(yJether encourage sknlls 'make do and mend- Monthly meetiNJ5 for Dads their loddlers The Church are delohted be ab to meet in person. after the eThJing of the IkdCn restrKtions over recent years. The Church has. however, coniinued to broadc& online semces (which ware begun duriro that period) to help meet the needs of Ople are unable lo anend services in person as well as others who may access services from further afield. The Church no4V interKls to keep its online semces and other resources avalable in the lower Trn. The Church seeks to be a fr11 and welcoming communty and anyone is free to attend its actwilies which are run by the members arKI volunteers for Ihe benefrt of all. The church seeks to offer PT&tical support ft)r locai families in need in a variety of ways. such as provision of hol meds. and support of the local food bank. In the winter of 2022-23, when fuel prtces soared, the Church joined the I[ COU11 'Warm Hub" initiats"ve. opening rts doors for local people lo access a wann space. Athough this service at the church is no longer happening, a weekly meeting has ev0ed whh seeks lo prowde help. frienship, tO(Kl and a wami safe space to meel for the more vulnerable members of our community. The Church is committed to serving the wider world aThJ has members serviro abroad in a number of countries in humanitarian and misson work. The church gives financial support to other charitable organisations vthich promote the Christian faith andlor offer humanitsrian support home and abroad. Athievements and Pertornwice At the eTrJ of the year there wre 149 members. Duriw the year there have been 4 new members and 14 deleted members (through death or resgnation). During the year there have been 33 baptisms. The Church norMty holds YrShIp services every SUlaY a large Vlety of meetings each week for many different groups. A numl*r of children's and yourvJ peoples. activitses and groups are run every week, cateriw for all ages from Otol8. Duri the coronavirus paleMIC the Church has moved to provtde online serVIS each week and continues to develop an online ministy to complement physical seThi in the fuDJre. The leadership team helped the Church to fwjs on ts core aims of Worship, Prayer. Discipleship arnj The Church is financial self supported. its Tunning costs (including staff costs) being largety donated by the membership and wider fellcwship.
The Church has good links with many communtty groups in Ihe bcality and its premises are regular used by The Church has good links other loc churches a1 L8 often invofved in actNrties vthich are The church sokl its previous premises in Abert Road in 2014 arKI built a modern. fit ft)r purpose building, Phase one of which was Completed in June 2015. Fundrwsiw contsnues rwse fuThJs to build Phase 0. a large 3-400 seat auditonuml meeting room. The building was mainty funded trom donaions from the fellobship. plus grants received from CharItab trusts. In planning the a1VIll"e5 the TrUSeS have applied the gUIdae on public benefit issued by the Charity Commission. Volunteers The Church employs a small stsff of Minister(s). Children's and Families. PastoT(s) a1 administration staff. However. it is dependeni upon the work and support of ts volunteers io achieve Ihe rnS of the charity. Most the charty's activities are urKJertaken by vo1un1ee and the charity coukj not operate effective without their eff(ts. Structure, Governance and Managernent The policy and operats"ThJ decisions of the thanty rest with the Trustees meet regulaty to monitor the activiiies of the Church. New trustees are appointed by the members ot the church. Trustees are elected by secret ballot at a Church members. meeting. The Minister(s) if any and Deacons. Elders and Tre&%urer are tojether the Charity Trustees of the Church. Where there is a Minister lor Ministers) that (those) person(s) are Chlty Trustees because of their roles and re5ponsibilrtJ"es. Membership of the Baptist Union of Great Biitain The Church is a member of the Baptist Union of Great Britarn and of the South East Baptist Association. The Church will normalty promote, encourage. support advance the vK)rk of the Baptisl Union. the South East Bapiist Association and BMS Workj Mission through prayer. through financial contributs'ons and. where appropriaie, by making personnel available from Ihe membership of the Church. When il is able the Church will also SUPPOrt ICal Baptist arbd ecumenical gathenngs. Financial review The accounts for the year 2023-24 e dalled later in this Te[ The accounts have en prepared on an accruals bs. Since they hre orKJinalty prepared on a receipts and payments b&%is in 2022-23 the balances held at Ihe start of 2021-22 have ten revWed io include debtors and creditors at that time arml the 2022-23 accounts have been re-worked on an accruals bS to provKle a cofflparalive view. All charwjes added to this effea are det&led in the notes io the accounts. Income during the year totalled £282.243 wthh a further £124,408 of incOff to End(Mment Funds for the Church building project. TO income for Generd. Restricted and Endcwmeni Funds was £406,651. Expenditure from General and Resth'cted funds totalled £264,592 with a further £11.173 of expenses from the Endowment Fu15. Total expeThJiture from &1 funds was £275.766.
Financial review (continued) The Church drew dovm a loan from the Bapts"st Union in Apnl 2015 to pay the remaining costs of the building project (completed in June 2015) and regular loan repayments have. therefore. commenced Sin th date.Since moving into the buiklirKJ in July 2015 the Church has been ab io cease paying rental charges on other premises. There has been some increase in experKlilure of unrestricied funds due to Ihe increased running costs of a new and larger {bui energy efflent) buihjing. These costs include an &lditional, part lime, staff Mernr. appoinied to manage the building plus a part-time caretsiker. An increasing income Stream trom lettings for community use of this modern. well-equipped buildirKJ is helping to offset Ihe runniThJ costs of the building. The Church has n(Y4V commenced saviw a prownion of this hire income towards fuiure"Phase 2" premises development. Cash Balances at 31.3.24 totdled £267.853 of which £187.174 was held in ErMlo¢mient furKls. The donations inio the Endowment Funds were to be used tardS repayments on the ourstandir¥J loan arxl lor the second phase of the buikjing works. The remasnirKJ balances corrtprised Of £IO.581 hekj in restricted funds, £9.933 of which was held to be used for support of needy ind]dual5 or p&8sed lo other charities supported by the church {whose aims are in line with those of the church). £884 was held tipwards equipment to be purchased to aid the hurch's online minis. £334 was hekl on behalf of the Horley Churches fraternal. Unrestricted balances hekl were £83,986 of which £20.665 had en sei aside towards initiatwes io support the development of the church's ministry and £17.984 tentsaI desbgnated towards future development of Ihe Church's buildiNJ. ReseNes policy The normal policy of the church is lo hold adeqUe workirrfJ capital reserves (i.e. net current assets) of ast equal to £lS,Oto. to ensure cashflow requirements for normd operational running costs are avlable. The unTestn"cted balance at the end of the 2021-22 finala1 year was adequate for day to day cashflow purposes at that time. In March 2022 the Members arvj Truslees agreed thal the unrestricted balances in excess of the agreed £15.000 reseeS would be allocated towards specffic development goals for ftjrther development of the church ministry and assets, inclLKling its Onli semces offer atNI repT5 and renewals of church propety and equipment (this included £10,000 Specifical allted lo renewat of the Manse kr(then. now completed). The remainder of Ihese funds, previousty set aside. are held in deSnated funds to be used as necessary for the agreed purposes or rerned lo undesvJnated fuNIs. The closure of the buildirwjs during the Coronavirus Parmjemic and subsequeni reduction in income from hirers, the church has seen increasing use of its premises by oude hirers as l(Kkdc1n restrictions have lifted. In 2023-24 the Church agreed io set aside 2596 of its hire income in the hope that they can be held trfards Phase 2 of ihe buikjing Works. However. these monies are hekl in degnated funds which can retumed to General Funds in the future should this become necessary. In the 2024-25 ffinanci year the income from hire of the premises is expected to drop due to a reduction in Ihe hire b(K)kn"rMJs and an increase in the use of the premises for church activtiies. The Trusiees are aware of this penti reduction in income and will be monitoriro the income velS to assess the impact of these charoes. Going concern The Trustees confKlent that the Church is able to oper*e as a goi concern and has no reason to enwsage this position chawiro in the forseeable future. Key risks and uncertainties The charity is exposed to various risks- be they operats"onal. ffinanc Of reputats"onal. The trustees review the charity's actiwlies regular to idenirfy s¥Jnikant risks aTrJ. vthere possible. they take appropriate measures to mitsgate those risks.
Plans tor the future As we look ahead. our church is commilled to COntirIng crtjr daity actNities wthile deepening our engagement th the community around us. We are dedicated io evoth.ng our approaches and communication methcKts to stay relevani and impactful in our modern world. We hold fast to the timeless message of the Christian faith, ever mindfvl that it speaks powerfulty to every generation. However, we recognise the need lo move beyond traditions and communication Styles thai may hinder our cwjtreach. We are part of the Further Faster network. aj this helps to keep our finger on the wlse as we continue to Wofk towards being a church where everyone feels welcome and is exciied io be part of whafs happening. OUT long-lerm vision includes the excitsng "Phase 7. of Ixjilding project. vthich aims io provKle a more spacious meeb.ng area for oui flourishing congregats"on. This expansion is a priority. as oui curreni hall can no longer accommodate everyone comfortab. While we [k towards this goal, we are also explonng the possibility of hosting M Sunday morning service& This interim solution will ensure thai everyone vtho wishes to worship us can do so each week. We are driven by faith and inspred ty the possibilitses ahe&J. We V&ill create a le0Mlng. modem. and wbrant community together where we can continue io grow. reach ¢xJt and thrive. Responsibilities of trustees under Chlty law The trustees are responsible for preparing the trustees. annuaj re ar the financi ststements in accordance wtth applicable law and United Kingdom Accounting Stsndards {United Kingdom General Accepted Accounting Practice). Charity Law requires the trustees to prepare financial ststements for each financial year b%thich give a true and fair wew of the state of the affairs of the charity as at the batance sheet date and of tts incoming resources and application ol resours. including income and expenditure, for the financiai year. In prepanng these ffinanci staMents. the trustees are required to.. l. select suilable accwnts.ng policies and appty them consislenty. 2. obseNe the methJS arml principles in the Charilies SORP,. 3. make iudgements and estimaies thai are reasonable and pwdent: 4. stale whether the applicable accounting siandards have been followed, subject to any maierial departures 5. prepare the financial statements on a going concern bas.s unless it is inappropriate to presume that the The trustees are TesrK)nsible for keeping Proper accwniing records that disclose with reasonable acujfacy at any time ihe financial position of the charrty and enable Ihem ensure that the financial statements comp th the Charitses Aci 2011 and the Charity (Accounls and Repons) Regulaiions 2C()8. They are also responsible for safeguarding the assets of the charity ar he for kIng reasonable sreps for the preventson and deteciion of fraud and other itregularities. Approval This report was apwoved by the trUeeS and signed on their tsehl by: SDVI IPRINTED NAME] Date". 13th December 2024
INDEPENDEKf &XAMINER'S REPORT TO THE TRUSTEES OF HORLEY BAPTIST CHURCH {Ihe Charity) I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2024 on pages 10 to 20 following. which have been prepared on the basis of the accounting policies set out on pages 10 to 11. Responsibilities and basis of report As the charty's trustees of the Trust you are responsible for the preparlon of the accounts in accordance with the requirements of the Charitses Act 2011 (the Acr). I report in respect of my examinatson of the Charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement Since the Charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualffied to undertake the examinatson because l am a member of the Institute of Chartered Accountants of England and Wales. which is one of the listed bodies. I have completed my examination. I confirm no matters have come to my attents.on in connection with the examinatson giving me cause to believe- l. accounting records were not kept in respect of the Charty as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Repons) Regulatsons 2008 other than any requirement th* the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attentson should be drawn in this report in order to enable a proper undersLanding of the accounts to be reached. Lisa Darby FCA Institute of Chartered Accountants of England and Wdes Stewardship l Lamb's Passage London ECIY 8AB Date: 17th December 2024
Fwx15 2024 Funts 20t3 Furmts FXIS (knnabons and Wtses 19.681 117.241 327.202 71.766 71.7fj6 516 237.797 .280 Irwe$m•Ns 7.167 19.681 4LE.651 )1.915 ct&11 actmtes Grants Pad Z14.679 10.437 10.031 ll.173 246.320 234.854 31,050 214.679 35.%a7 13.976 11.173 275.766 265.4 47.883 135.93n 5.7r6 .0 145.145} 45.145 1&).886 .0 fund5 br(x4hr IDrwar(J &3.473 2.779.613 2.857.319 2.821.7 36.211 47.997 11.149 2.892,847 2.988.204 2.857,319
AS AT31 IAAIICH 2Q24 FUTh 2024 20Z3 FIXED ASSErs TaThjie assets 2.765.286 2.7.?6fj 2,765.266 2.765.286 2.765.266 2.765.266 DetxtJr5 20.1417 22.101 16.754 187 174 37,469 267 853 47.997 10.581 198,750 42.249 47.997 U.149 203.9Z8 221.585 CREDITORS.. Amoulltswiing di wrthin or¥eyer I6.) 16.0 (S3.T) Netcirrei# a88ets I IliabiliMI 36.2ll 417.997 U.149 168,399 36.211 47.997 ll.149 2.¥.19¢ 3.W.551 2.933.665 CAEt)WTORS." An%)untslIng due (76.34n (76.347) 176.347) Nei assets i 0th'litl exclthliNJ pensth asw i01mIrtY) 36.211 47.997 ll.149 2.8¥2.847 2..204 2.857.318 TOTAL ASSErs 36.211 47.997 ll,149 2.892.847 2.W,204 2.857,319 PJND BALAKES Urwestricied Fu$ Ge& fuTrts 36211 36.2U 47.997 33.4TJ 38.788 47.997 36.211 47.997 72.261 RestrKXEd Furd5 EndTh4Trtm Furxts 11.149 11,149 2,892.847 2.892.B47 2,779,613 36.211 47.997 ll.149 2,892.847 2..204 2,857.319 tPRINTED NAMEi IIW76
JRLEY 8Avn5TCHURCH NOTES TO ThE ACCOLThif5 FOR THE YEAA ENDED 31 MARCH 2024 The charty is a tryst regi5rered wrth CW CL¥rWni5Sb Er¥JLqnd & regi5Trred nurnber and prirKi addsS tan be found on the CW InfOrm)n page. certn assets. whKh are me&sured at fr¥due thrrx4h ts SThrrent of These fi[C stsierrnts have been preped In acttjrda with the tert of RecornrneTrJed practi Acujunting RetxiFtyrvJ by Ch3rrts prÈpanng their aCCnts ffj accoidance wth the Rer stsndard in the UK and Republic of IreKgrNY IFRS 1021 (tr CharrtE5 SORWI. VMlh FI[wK Rerxyurnj siarhYarEI ITh the unw Kirwom aTrJ RewKJblt of Irel fFRS 1021 aNJ wrth the Ctsntie5 Aci 2011. The charty rrEets the definthn ola KXLL4K Trfi[ enty &$ sei LKrt in FRS 102. The chare5 IAcownts aThY Rep)n51 RegulaikS 2(M)B IttE'2tTh RegULatlS1 requires chrneS to 1r accoLmts n acty)rtlarKe with Acc(¥JnDThJ aTh1 by Ctsriis' Sttternent of Reu)rrfneTrJert Piactice effeaNe frorn l Aw"12(M15' txrt this ac£oLJnting starKlard has sinte wnlKJravm aTh1 been rek4aced ty SORP rrEnrKJned in ts kxeceding paragrarth. charny has ppared these fir%gno& sTrents In ac£ordantÈ %Yth the rE44 Chanis SORP". thi5 (rrE Imm tt 21Th Regu $ I1¥ed to rcessary lor Ihese financ 5[atets tr gNe a vv•. attrnals tJasE (see mte 20 fo¢ dÈiaiLs}. mbJhl C&St 4nifirani dou on the abilty of ts clwny as a cOreM. The tru#ees 143ve rnade assessrrwi for a Feriod of at ast one year from date of a[VrW ofttE atements In parwJJlar ihe mjstees have CSlered the chariW5 forecasts and Yojections ar ThF4Katr>ns Sk1 prDRcé Inco am I ÈxttKlrnJre vary wxrctedty. injstses he iJ)n¢lu(Sed th tsre a reasonab expÈdaw charty h&s adequate resour Cltin TO operate forthe foreseeable lullwe. The c tsrefore Contin to adopt ts goiw ccfwn bLsts in Kwpparry n5 finan onty deferred bvhen the clKqnty ha$ 10 u)TrJmons beth tec(mirnJ entided kn it or there ts ¢Jwr that ts 1n0jrr is to be expeThled Itl a fuwre Fe1. charty rels on wJunteer5 10 carry mary of rf5 aaNI$. H¢xler. Di at¢[thr with the SORP, ts wdjue of these services Ir$rrn from chamth actmtss represents IrKome fNable Irrn g(Mx15. services aTr1 latiits in furtheran Oft clwW5 frorn hire of the Church PrefflEes ty third I. Exper¥Jiture. VAT. 15 remgnw1 rt is ¥fAred or. rfearfr, a gal orojn51 fDra pBymeni i5es priNKled rt LS probab thai Seuse11U and the aTrn1 ol Ihe rtA¥JaD can be ff&8ured lbty. constrLKtNe oblN)atN)ts arEe. vthKh genty L• expresses a to the reQnI that can rrE&%ured Felkgbty arKI ttEn onty io the extentthat w C(XKlnK assocsaied Wlh tr* urant ate (yJsbJe of the n1rd ol thanty.
HORLEY BApnsrcHURCH FOR THE YEAR ENDED 31 IAAR¢W 2024 G0veMan costs. whth are led exkTr4ffjJre on Ctsrfab actNitss arE enTified Sepalety in rtrS ty the accounts. incIleS asscLHted %wth ts 1Tr4epeTh1eni exarnindTh)n ol Ihe ststsrnenLS, aThY reqUirennts and any exFenditure mcurTed on ts sirategK rrwwgemeni oftt Ltharfy. Gera hJrKls are W5¢rted whKh are avaiLqb for use at thÈ tlt5uerK)n olthÈ tW5ree5 in fiIrthetsn of ObjeceS ol tk charny. rndl fuTrJs comprtse unre5trKted fthds been set asxje by Ihe fDr partthLv Resmed fvTrYs are ¢Jwai¥)ns whbch are to i used In accortlarKe with IrnK)sed ty dcfK&rs'. include donakns receNed from appeS for SPEcific actmtss or proFa5. En1y•ThI fvnd5 are dcx1alTh thai are ren&t as CapTh in att>)ryjan the dor$ wishÈs. fv nature Ilern5 purcha or donaTrd for Ihe CW Ltse are when wrA¥ed @rrts. or Ihe tsrvdue olthttwed iterrs. more than £5.C(O and exrcied ID the chaty over mre Ihan one accowir¥J perwyj. Depreoatffi s clty on a swah1 li ba515 SO as (o virite d¢xn thE valje of eath asset to ts est¥rwd iesxjud ue lrt any) cNer Q5 exFecied Use ecc¢Kxn lrfe. To achve this obJeLTre the folkM"w ratss of deWe(Jan are cwed." Free1 LaTh1 Freehohd tMJikJiNJs 15 mt depretL41ed ItecaLtse it ts conswned by usel 15 Trx dep tecause thÈ Church buikjry wa5 onty trMJi m 2015 i% exrcted to re ratsr than in vue for ts forseeab fulljre Manse Leasehold irnpr(Nemer EqUipTri (Ner &Se rm or. rf thrter. ex[ed leIl lrfe ryiry value may LE reLverable. admint4tered fUrs. chAity to Obta suth1 mfomotw enab rito acwJrn for a plan &s a defm&1 berfft pkn. it ac£ixints forthe 8s a defi'ned tributN)n plati. whÈ plan ts in deftit and thre the charty IL45 agreed with thè pampats in a dekit fiJTh1w afraerrn¢ the tharwy recrKJnLses a for thi% oblwJatWYb. The ar1 ne is tt nèt of ttE conrritrMthh)ns rwyaNe under agreemeni tt relate to the deficrt. The of dwJunL ts as otsrchary in tr Easurement ofthi% liabilty exper¢ to the SlatenEnt ol Finamd Athri. gl Iaxai The tharry's fnanad assets aThJ financd gulty &$ ¥Strunts. as defned try FRS102. Exwt for b)a[, crednors a[ debtor5 are measured ar 1r exrckni 5eMernern (rnrrnty Ihe aTrKMwii ol cash that eKrcts k) pay or reCee). Th chdrty re02gnL IkHbilffEs for prina[ of Ih)se wtsi8rxl•¥J & the year er li.e. the excl thamy has taken thantsge of aTh exempt)n terTed ty charl SORP aThJ ha5 r1 prepBrl a ta5h Strnl. In prepariro financ 5thnents cethn Igents. estim&es ar¥J e bj be me Ilkit affeu recc4Jntse¢1 in ts financLal 5ts1ew*nts. Tr VUSI cortsNlÈr frAkN41W be sKJntsni'. anThu deprecwmn cw foT kwerty. plam aTh1 equiwr£rn LS setytht ro cwes li lthe knr useful ecX)noM lrfe and 2024 2023 [1)nb)n5 of and wrnilar Govertvnenr grants Irk)te 3a) Lega receNab 2fJ.526 2.291 57,947 192.966 41.222 237 797
RLEY 8ApnsTCHURCH FOR THE YEAR ENDED 31 W4RCH 2024 GovÈmrrent grants comyÉÈ". 2024 Solar PV Feed in TaifflGrants LOC Countil Grants for Warm Hub aThJ other Surv) vulrErablÈ gIrp$ 1.891 2,1(M) 2024 2023 R( hire ir 71.668 97 60.105 175 60 280 2024 2023 8ank InreSt 2024 2023 Costs irIed directy on specific thilies Costs relatsng to rwn hires sar, travel arml expenses Grfrs to speaker5 Tep aj Onle seTr Cateri 2.513 124.195 2,161 129.274 585 3.779 2.011 15. 12.771 17.268 10.720 7.927 2.487 2.899 2.979 Church PremLEe5 Utilths Cleaning & mnnaTh of tKJthJiTrJs & capit BU11rj Repairs aThY Impr(weryEnts. uS &<$Otsa tees Costs of Mintsty. Churth athrties 8nd SupkK•rt serwtts Work anKJtw thè yowg rk anKJWStttE ekjety. Vulnerab group5 tlw vrith r*ed5 23.373 3.725 10.439 3,495 4.742 221.247 210.762 Grants payable IIK)te 8c) 29.446 31.050 2j.692 241.812 Cosls Iurre¢l on supwt & adrn1rlstrioTh Legal cortsuttaw fees 2.520 2.520 2,IS8 5.476 6.212 3.813 subsCnprts anrt tw0fes5bj fees Bank loan Inter payab 512 2,905 Insutsnt TO support exwmlilure 2.772 2024 Grants fDr UK ar cNe¢se&s miswn 20.626 2023 Grants for UK and fftrseas 31.0j 22
NOTES TO THE ACCWPffS FOR ThE YEAR ENDED 31 MARCH 2024 2024 2023 Frontiers 9,170 7.975 1.754 Dnipro MisSK (Ukrarl 8.310 10,975 westv& Comunrty Church ISupFrf)fDrnJ a stsried) Grants 10 in5tittthrts for W than £l,LMXJ each I,LW2 20 626 563 2024 2023 104.024 iCe.386 Sooal security 6.762 average nIhty numtw olempkws tr year was 612WJ". 7). Nkn5t ofthe a¢tNnEs are card out by vdunteers. payatAe b) key mawernenr knr the year a5 Id.. Empbyer 2024 Mdrnn Shorey Oatren knes 2.737 2.292 41.LW7 Other En¥Aoyer penwn 2023 Marrm s Darren Jones 32.175 26.5S) 2.737 2.292 38.512 Marnn and Darren jo se1 as eITch r5 aTrJ rece1 thE alw payrnents for seMvJ that eapacfy, for 5eMng tiustee5 Marrin SreY thdd(3re ¥0her5 m IM)È with HMRC on 8 salary saule b&si%. ofthese vcAJchers $ ctribUt)n5 In addnK)n Ihe charty nKvrred eXNIre toiaHiNJ £16.19212022.23 £11.24) in rE5FeCt of the uts¥)nwry provrxffl ol Ddrren Jones. who i8 a tsu5tse land seryes &$ a church Le&erl so (x)ukl better perforn ttir dth5. All such re rnade in line wilh ts clwrws and ar of tr app)intments of Ilse lndwhjuS &$ of the Church, iaxed in aCCordare with HMRC arKI Baptsi un guAla fv)r Manse provts¥m. No sums wetE re¥nbur5ed 10 Tiitstees IDr tt*ir Tnjstees I23.. nd).
IRLEy BApnsTCHURCH FOR THE YEAR ENDED 31 MARCH 2024 TwiblÈ fix•d a888ts Future5. fillJrwJs and equwrne Free To 2024 Crtst ortratuatwjn At 3151 March 20fJ Addrt%) Diskx)5aJ5 At 31st March 2024 2,765266 2.765.266 2.765.266 2,765.266 AcaJmLJLqted depyeckgt At 31st March 2023 Chawe lor the year Eliminated dsrx)s At 31st March 2024 Net txx vdue At 315f March 2024 2.765,286 2,765.266 31st March 2023 The Churth buildir¥J and land L% V8Md ar £2.295.266. the purrknel bJthJ CA at 2015. further VuaL has been card out Since. The trustee5 are not of arty rnaten dwys In vatsE JLme 2015 arKI the vahJaiKJn has been uF#Jated. A S ye8rty ofthe ¥Ve ofthe c1xjh ma (lThtsel YKascarried 2021 resLdrir¥J in ent ue of£470.LKK). In the eveni of the chanty tsi 0rat as a going t(M tr*)th ot buikliryjs rerrw the wortty the Barty Un•Jn olGreat 2024 2023 PTern Hire 3.332 19.719 12,947 1.471 Legacy bdanth at 31.3.24 Seturry Dernsit 19.235 10 Cash ai Bank aF¥I in HATh1 2024 2023 CL%h at bank wth atce55 Noti dew5ts Iwth a tsmi of tlwee OT kn) Petty ca8h 62.221 205.310 3ZJ 138.689 213 11 Cr4diitsr¥.' lbIlItieS lij Ibithin onè y 2024 2023 Trade credffnrs 3.518 2.520 2.855 1.380 2024 2023 76.347 76.347
NOTES TO THE ACCOUNTS FOR ThE YEAR ENDED 31 IAARCH 2024 I111 referred mS 14 and IS t1 pay1rm &$ kkn.. 2024 2023 Repayable. Wrthin one 48.952 76.347 76,347 76.347 knan referred in ab s laken Irom Ihe Baptsi UnK>n &78n fuThl. securert ty way of a tsed and lthts"ThJ charge on the clwrrtW5 &%sets. Tr Bapu51 unTh CorwraiK)n s rhe Cust% TrLLse for thÈ Church's buikJitvJsl. Kk>nthty donath)ns from Church Mernbers have been pledged as securty for chartys k). 1Thre5¥ t5 Playab at a varwt Fate ol iwk base rate 3%. whh at the bdance S1 date was 7.25%. The kian is bEir¥J repa•J In n))nthty in51alrr£nts and be repaA1 in hdl by May 2030. Tr Church has been rTwkiry repayrnents alEad ot Schertu L5 currenty orkwJ. i1elOre, are ffftnty due within ne 12 rrKJntts. The Church InteTMls rxjrnwe payrrent of Ihe h)an in lull by 2025. The charny is a kmrtiuparfflg ernph)str tt gapti5t Per6KW) Sche fft st1. s a separth enbty adrninistered ty Ihe Pension Trusiee {Ba4)ll PertshJ) TrLW Lrnstedl. ThÈ assets of Ihe Scheme ore hehj separatety frLYn fv of ts EmFtyer and thE parnurlg ernkty. The Scheme. prev as BapD5t Minthrs" Per)n FLmd. siarted in 1925 tmll ¥s (J05ed b) futyre a¢crual ol defined berEfits on 31 Derntr 2011 Pibjr to tht4 rwn benefft thrwh thÈ l)efirEd Benefft IDBI Plan was a pensw ol one ewjhtsth ol fin rninirnum nSKe irorne for eath year of servi knJets ith rns#)n in rESFeCt of twnium5 paKJ Penae Incorre in excess ol m11¥n PeTr&K8knIÈ I(re Frorn January 2012. per1)n prrNwn s bery rnade thrwh ttE Defined Ctrtll IDCI Plan ¥thin tr Scheme. In gerEral. members pay 8% of their Pen5K)nable Inco emktyrs 646 of Tbe. Pensthat)le Irwr into IrxlNKJuaJ FenSn attwnt5. whh are operated and nwoued on tehJf ol th2 Perwin TriJ51ee ty 8roadsTh CorrKJrate Befits Ltd. In additw. the empk)yer pays a further 496 of Pens10nab ¢y)ver Death In Sene Benefits. admintstrdwn o)5ts. and an asyjoaied KY wiwKJe5 irKorr protection lor ScherrÉ mtr5 rttty are Unab lo d .1M incapacty. Ths irKome yotectitin hLs been Insureil by the Baptist Unn ofGreat Brthn with Aviva Lirnitrt. MErntr5 01 the B&8iC SeaY)Th pay fedLthI I11)nS of 596 of PenSTrab Incorne. and thr empkryer5 a150 pay a off W. ScheTh is consKlered ty be a ThhJ"-empk)yer Scheme a8 desuthd Sect 28 01 FRS 102. Be(xwe li i5 mt )Ssth auribute Ihe A valuation of DB Plan as ai 31 [rTth[ 2019 carrd a feSsx Acw the Prc¥ÈLted Unn Methtsd. At Wual d rnarket vue ol the DB Plan assetswas £298 rnlkn. whiLst ttE e1 of assets fwded to pay tnÈffts was £316m. gwiw a defKit of £IBm lequwdeni ro a past servts of Y4%1. clwty arn1 thE participatiw errwwers In thè DB RPI prK inllatth asyJrrpts CPI prte innatK)n Minffnurn pennab Incre hA11nI latthE cpr) Pre-retIren(assUft 1rryesmt retums Igitt F4us 1.7596 ) 2.70 2.95 I Igih pIl O.sq Minimum Pe)nable Irrne 1rKYeas (CPI r 0.5%} Deferred perL5 increases - Pre April 2WJ . Post April 2LIJ9 Pe)n irKre1 Ibased on CPI an ann IkK)r of 096 8A1 aMtA cap 015q61 1.70 2.70
FOR THE YEAR ENDED 31 MARCH 2024 Mortdty ts a&surrd In accor 8(N6 olthe S3NA srarn1arLI rrortalny tstle. Futtjre Improvements proFcied from 2013 In line %%7th Ihe MI 2019. proJe(IvJn wth a kg.IeM1 rdte of of 1.7546 p.a. for at¥J 1.596 p.& fc lerrth wth the co 5fTW)othw¥J The xI actuand ofihe DB PLqn within Scheme w Ilue w tske rAace than as at 31 Decemter 2022. HoVr. the DB Plan is to be up. ar¥J the k) up siarted with eftea Irom 31 Marth 2024 and IherÈftye Tr) fuffn vduaty)n i5due to tske rAace. In addnK)n to controthxkn tothe DC Plan set (¥Jt atrthe. a vakKth)n of ts D8 Flan Tevea15 a deitth Truse aTrJ ts Coun agree to a rate of defKienry c0ntnbutrts r(orn chUrc1S aTh1 otsr efflpbyer5 invohed m Ihe DB Plan. Folkmng the 2019 valuath Recovery Flan was sKJtEd w Sepmiber 2020 ur¥Jer whKh delenty ujnrriLwJLS are pay&ble unul ju 2026. Thèse ContritnS re broadty t)ased on each empknyerfs rrErnbetship at 31 t)rre1 2014 aTh1 rtFease annu¥ in line wrth In5 to Minimutn PenSnal)le Incoft a5 defvd In the Rules. On 30th Jur 2022 8apiN Pertsmm SctrTE aTh agreemèni wmh ihe wwance cornpany JL15t Grrmw to secure DB PLan mber5' ns)n tffi5. J1 are [11 backiffj for 1 pens•Jrs through the Scrrrs DB PkaTr 8Th1. TollowitwJ thi5 iransacthm, the Strn rK) kxger h&$ a Sr1. An urx1akn1 Retovery plan was In ALWJUSI 2022 rer which recovery contnbUnS from each pathpatir¥J errylw the D8 Pknn reded 10 U Kr rnth from Aj1 2022 These ¢XlnthbulN)ns are payable uTh1er recovery plan 2026 wi#arnlirwJ contritArtKMs urwjer i Recovery Plan are nor LY)nsthred rnateri tsEretore have rN)t W Ied bdlance sheet charws contrilyjtD re as 2024 2023 to Baptist unrt Mini51er5 defined berft 5cheTr (def trnKJnl 2.868 6.762 9.630 7.411 15 Funds Duriryj the yeaTtt KUerrnts (wty5 luTrJ5 V+re as kn.. Trafe G&ns arKI Ck)siNJ balanr 2024 2024 2024 2024 2024 2024 Mi8sK)n Fur¥J 2.625 (26.662) 14,682} 27.161 3.124 FU lor Clyjrch Grr•rth InrtkqtNes Repwr51 Renthvd FUTh1 (Eqt & tAJildmgs1 Funds WTr1entity reSed trt•Rrds Phw 2 Property Devebkwrtrn 25.347 20.665 10.817 14.593) 6,224 17. 17.984 3B.7 135.937) 1214.6791 45.145 47,997 33.473 145.1451 36,211 TO unre5trLtrd Furts 72.261 262.562 129).6161 Fund for Cmrth GrLTh¥th Initiat FuThl 3.625 5.497 B.729 12,7421 (3.9561 16.4531 2.330 6,353 1.250 Pwor& Fund 4.OTT PraEe Club Fund H(K*y Minssws Fraienw FwK15 1.2x1 1826) 5.445 19.681 113.9761 11,149
IRLEy BAPTIST CHURCH FOR THE YEAR ENOEO 31 MARCH 2024 15 Funds IcorniwMd) 81r¥JS Fund 8uJiws FuThJ lor Ph 2 {Fulure Devek)pnAt) 2.762.716 112.4ce (7,4481 13.7251 2.867,675 16m7 25.172 2.7T9.613 124.4108 111.1731 2,892.847 Aggregats fuTrJ5 2E57.319 4[.651 1275.7661 2.988,204 GerErd to fJesvJnad"mtssth FuThJ-. The tra[lets a wrDon Icurrenty 15961 of it5 generat furxl donanS aThJ relaied Grft Ah# Incorre to the de5WJnated"m&8N Fund" rt Uses 1 to In$DwWJ and iThJNKlus uTMlerrake aLrts that fUrr cw's objects. It is anticipatsd al of Ihe hnts desTrad tjr ttw5 wrrKise wll be dtstred in the w finan year. bl Generd t0"[)e5naied Prerryses FLThJ". Clrch W tran51erred a KWjb of ILS Prern HI Iiajrrenty 25%) to in a (Jeswjnated fund 10 save tvards Plse 2 expansth ol its tKJiklrys. Thesè rIS rernn Generd Oesynaied funds tra[Ierre[l back to general Fund slw)uhJ are Itwn 10 cover day.aY expendrture 5umirYJ ttEy Iwve mt led fvjr FUTh1 , Tly wil bè IrtsferTed to IhÈ Ervkr•mTrnt fv$en fy Churc fmirnit5 a buik1iw projea. cl All dewnated luThts are nIeS[rted lhcan be tsarlerTed bad( k)r GenE FuThJ day.iTrday exkYThaiture w. Ihe Anatysls ol assets by fvnd fUS 2024 Taryble red assets 2.765.266 16.754 2.765,266 37,469 20.147 22.101 47.997 .581 187.174 267,853 Creditors t11 due within year crtorS faUiThJ due after C year 16.038) 16.0381 (76.3471 t76,34n 36.211 47.997 11.149 2.892,847 2.,204 IrK>JmiThJ cxngo¥wJ Trartslers Gars a1 Ch)g"ThJ ban 2023 2023 20rd 2023 2023 DewedFuTrs miss FUNI 4,641 127. 14,6531 Fund for Church Grcy•rth 1nitiaiTrs Repair51 Renth FuTrJ (Eqt & buikYing51 2.625 25.347 110.7201 21.537 10.817 4,641 143.274) 71.421 38.7B8 76,021 240.010 1205.tsn (n.4211 33,473 Tow Unrested FuThts 240.010 1248.4111 72.261
RLEY BAPTIST CHURCH FOR ThE YEAR ENDED 31 MARCH 2024 ResiiNued Funds Fund for Creh GtThwth Innkgfve5 Mi8sM)n Fund P&sior81 FurMI Horfey Mini51W5 Frate FLmds 3.516 13.5161 13.2041 I2.) IB46} 1.422 1.019 4.OTT 407 9.314 (9,8751 J¥dirnJs Fund 2.717.787 17.6181 2.762,716 BuildiThJs FuTrJ fr)r Phase 2 (Fubj Dk1p 16.853 16,897 2.734.640 52.591 (7,618) 2,779,613 •4grega of 2321.307 Jl.915 1265.9J4} 2.857.319 Anatysis of assets by frjnd In the prevKX year. ts a55ets aTh110t¥In varKxts fthJsYe 5 rkts lunds 2023 TaThJble ftted assets DebrS 10) I8.(7 2.765.266 2.765.266 22.835 19.701 4.962 198.750 Creditors fdlir¥J due W4hm one ar CredAOlS due after year (4.23¥ 148.952) 176.347) 153,1671 (76,347) 33.473 2.779.613 2.857,318 The P8Styral SUPkY)n peo in rEed vrithin tt hx41 c(#Ywrnmty. mSKIn Fund is us&Y lo grfts ywen for or dWaab cau5e5. Fund lor Clwrch Grtrrth Init is Used for devek)W[ of ts Churchs onlir rrw and othEr initslwes devek)prrÉnt of rts &aff. Une and mirbstsy. The Pratsè Club Fund is suprx)rrthe ac1mS01th PraEe aub. t5 a group fDr alutts 1th Ied5. The ftjnds behawol the Horley Mini8tsts' Fr&erThal are Wds pynt inaVe5 aTrJ beN%Een 1 H¢Jdey Chrsiian Churcls, The EndthvnEni Funrf wa5 LL%ed for dorkitKMis gen Irthyards ts de1kJwTri of ts Church premr. After Ph i BuihJiThJ prop was comp1 receipts dedated t¢ywards ts tyJihJirvJ rA4y off knan of w tthyards Phase 2 of buihlirnJ works have Jn 16 Trans•10$ Yth refaitd F>ArDes Duriw the yeaf chanty". al receNed donatKJns iot&lir#J £41.OY12022.23 E38.325) frtyn related kWts wKhMles tyu5tee5, arty othpr n*ftthr5 ofkey
k)RLEY BApnsr CHURCH FOR THE YEAR ENDED 31 PAAIICH 2024 17 Reconclli•tion with previousty repJrd fvnd5 2023 2021-22 prev5 rewrterf reserves. at 31 March jurrnts arisng froTn use ot accfuals basis I[lusIon of previousty eXCded fixed asse15 Ilush)n of prevh)usty excknded debiors I1$10 of prevK)u5ty exckjded credjttrs Re-stated reserves. at 31 Mch 198.750 216.3LKI 2.765.266 22.835 129,532 2.857,319 2,765.266 19.643 IT9.3 2,821.307 2023 AJlju5Thents ansiry from of acrxuab b". k1overrnts debknrs resri ITh tr re(rAJnthn of l Oe5s} x(XT Moverrnts credrtors regjttiry In ts* recuJnitK)n of less I InThe} exre Re.$lad resuts 117.549} 3.192 .371
N(D tJvw (w tr- u¢J