## **ANNUAL REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **FOREST FOLD BAPTIST CHURCH** **CHARITY REGISTRATION NUMBER 1134790** Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF ## **FOREST FOLD BAPTIST CHURCH** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024** **----- Start of picture text -----**
Page
Legal and Administrative Information 3
Trustees' Report 4 to 5
Independent Examiner's Report on the Accounts 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9 to 17
**----- End of picture text -----**
## **FOREST FOLD BAPTIST CHURCH** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **CHARITY NUMBER** 1134790 **START OF FINANCIAL YEAR** 01 January 2024 **END OF FINANCIAL YEAR** 31 December 2024 **ELDERS** John Cowley (Pastor) Mark Philpott (Assistant Pastor) Anthony John Sharpe John Hitchcock **DEACONS AT 31ST DECEMBER 2024** Peter Turner Roger Dickinson (retired 31 December 2024) David Bishop Peter Dinnage Robert Hook Timothy David Stephen Baldwin **TRUSTEES AT 31 DECEMBER 2024** John Cowley (Chairman) Anthony John Sharpe ( Treasurer) Robert Hook John Hitchcock Stephen Baldwin Mark Philpott Peter Turner Roger Dickinson (retired 31 December 2024) David Bishop Peter Dinnage Timothy David The existing trustees appoint any new trustees following the provisions laid out in the Charity's Constitution adopted 10th March 2010. ## **LEGAL STATUS** Registered Charity ## **GOVERNING INSTRUMENT** Constitution Adopted on 10th March 2010 ## **OBJECTS** The principle activity is to advance the Christian Faith according to Baptist principles and in accordance with the Basis of Faith. The Charity may also carry out other Charitable purposes in the United Kingdom and or other parts of the World. ## **CORRESPONDENCE ADDRESS** 28 Southridge Road Crowborough East Sussex TN6 1LT ## **PRIMARY BANKERS** Barclays Bank Plc CAF Bank Ltd 1High Street 25 Kings Hill Avenue Crowborough West Malling East Sussex Kent TN6 2PX ME19 4JQ ## **INDEPENDENT EXAMINER** D Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Dolling Lane Bosham PO18 8NF 3 ## **FOREST FOLD BAPTIST CHURCH** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024** ## AIMS To bring honour and glory to God through the preaching and teaching of His Word. To show the power of God as He works in our community so that we become more like Jesus in our words and actions. ## BRIEF SUMMARY OF THE WORKS AND EVENTS - We meet together every Sunday in the morning and evening to pray, worship God and hear the Word of God taught to - • us. - We have a number meetings during the week for preaching, prayer, Home Groups and a number of different groups meet to study the Bible together. - The Thrive Group for primary age children and the Rooted Gop for secondary school children meet on Sundays and the First Steps mothers and toddlers group on Thursdays attracts a large number of people from the local community. - Activity and craft evenings were also held for children and we also run a group for the younger teenagers. - The Young People’s group has an active programme through the year meeting during the week and on Sundays for a mixture of activities, prayer and Bible teaching. Our Assistant Pastor and other members of the Church have been invited to take Assemblies in several local schools and - we are looking to encourage the growth of these links and the opportunities they give to be involved in the life of the local community. - We run a group — First Tuesday — for the older people from the Church and local community. The monthly luncheon - • meetings are very much appreciated, bringing opportunity to encourage growth and understanding and to provide increased community liaison. - At Christmas we were able to participate in the Christmas Cracker event organised by the local community. - We pray that God will continue to bless us as we move forward in 2025. ## AIMS FOR THE FORTHCOMING YEAR To declare the message of the good news about Jesus clearly by our words and actions, praying that God will use us to make a positive impact on Crowborough and beyond. Although Forest Fold Baptist Church is the operational trust, the land and property continues to be owned by the Forest Fold Baptist Chapel Trust. ## FINANCIAL REVIEW Total incoming resources for the period were £209,977 (2023: £285,832) of which £123,310 was unrestricted income (2023: £112,785). Total resources expended were £210,505 (2023: £290,832) of which £123,470 was unrestricted expenditure (2023: £118,891). Total charity cash funds at the end of 2024 were £93,207 (2023: £101,986). A full review of the financial position of the charity can be found on the attached financial statements. ## RESERVES As at the balance sheet date of 31 December 2024 the charity had free reserves (unrestricted funds) of 114,644 (2023: £114,804) and restricted reserves of £27,765 (2023: £28,132) totalling £142,409 (2023: 142,937). ## PUBLIC BENEFIT Trustees have paid due regard to the Charity Commission Guidance on 'Public Benefit' in deciding what activities the charity undertakes. All activities undertaken by Forest Fold Baptist Church are focussed on our charitable purposes. ## GOING CONCERN After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resource to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. 4 FOREST FOLD BAPTIST CHURCH TRusfEES' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024 Responsibllities ot Tnthes arity law requires the Board of Truste￿ to prepare financial statements for each financial year which give è true and fair view of the state of affairs of the charity and of its incoming resources an4 resources expended for the pericL1. In prepamg those financial statements, the Board of Trustees shoukj follow best practlce and are required to,. select 5U%table accounting polKies an*J app￿ them cong￿ter$t rllake judgments and estlmates that are reasonable and prLtdent comply wEth appt4cable accounting standards Subject to any matertal departures disclosed and expla4ned in the financrdl statements prepare the financlal statements on the going concern basis unJe55 ￿ 55 napproprrate to presume tfvat the char￿Y w411 continue In operation The 8oard of Truste85 is r￿ponsible for maintaining proper accounting records which di5c105e with reasonable accur¥y at any time the financkl p[￿ltI¢M of the charfcy and to enable them to ensure that the fina)cial statements compEy with the Charitles Act 1993. They are also re5ponslble for safeguarding the assets of the charf(y and hence for taking reasonable steps for the preVent￿n and Lfjetection of fraud and other irregularities and to provide reasonable assurance that-.- the charity is operating efficEntly effectwely all assets are safeguarded agalnst unauthorFsed use or d￿PoSItion and are property applied proper records are maintalned and flnancial infom)atk)n used wtth>n the charity or for pubftcatlon rehab the chartty complles wth relevant laws and regulatlons The systems of Intemal control are designed to provide reasoTrablp but nrt absc4ute assurance agakist material mi5Statement Or1￿5. Approved by the Trustees on.... Signed on their beha￿ by Trustee... Printed Name., ## **FOREST FOLD BAPTIST CHURCH** ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2024** Report to the trustees/ members of Forest Fold Baptist Church on the accounts for the year ended 31st December 2024. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2022 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s statement** My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act - have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 22nd May 2025 6 ## **FOREST FOLD BAPTIST CHURCH** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024** |**Notes**
**INCOMING RESOURCES**
Donations & Legacies
**3a**
Investment Income
**3b**
Charitable Activities
**3c**
**TOTAL INCOMING RESOURCES**
Costs of Charitable Activities
**4**
**NET INCOMING/(OUTGOING) RESOURCES**
**TOTAL FUNDS BROUGHT FORWARD**
**TOTAL FUNDS CARRIED FORWARD**
**NET MOVEMENT IN FUNDS**
**RESOURCES EXPENDED**
Prior year adjustment
**TOTAL RESOURCES EXPENDED**
**TRANSFERS BETWEEN FUNDS**|Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**2024**
**2023**
£
£
**£**
**£**
120,911
59,421
-
180,332
260,055
2,399
-
-
2,399
2,135
-
27,247
-
27,247
23,639| |---|---| ||**123,310**
**86,668**
**-**
**209,978**
**285,829**| ||123,470
87,035
-
210,505
290,830| ||**123,470**
**87,035**
**-**
**210,505**
**290,830**| ||**(160)**
**(367)**
**-**
**(527)**
**(5,000)**
15,200
-
(15,200)
-
-| ||**15,040**
**(367)**
**(15,200)**
**(527)**
**(5,000)**| ||38,804
28,133
76,000
142,937
147,936
-| ||**53,844**
**27,765**
**60,800**
**142,409**
**142,937**| All of the Charity's operations are classed as continuing operations. The notes form part of these financial statements, found on pages:9 to 17 7 FOREST FOLD BAPTIST CHURCH BALANCE SHEET AS AT 31 DECEMBER 2024 Unrestricted Fund ReStr￿ted Fut)ds Total Totsl 31-Dec-24 31-Dec-23 Fixed Assets Tangible Asset5 Investment Assets Notes 5U,642 50,642 39,295 Current Assets Debtors & Prepayments Cash at bank ènd in hand 2,975 101,987 65,442 27,765 93,207 Total Cuffent Asset5 CFEdltors: due wtthin one year io 1,440 1,440 1,320 NET CURRENT ASSETS 64,002 27,765 91,767 103,642 TOTAL ASSETS less current liabilties 114,644 27,765 142,409 141937 Credttors. due in more than one year li NET ASSETS 14 409 142 937 FUNDS OF THE CHARITY General Funds ReStr￿ted fvnds Oeslgn3ted Funds 53,844 53,844 27,765 60,800 38,804 28,133 76,000 27,765 60,800 TOTAL FUNDS 14 142 937 Approved by the Trustees on the... Slgn&l on their behalf by Trustee... Print Name-. ## **FOREST FOLD BAPTIST CHURCH** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **1. ACCOUNTING POLICIES** The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year. ## **Basis of Preparation & Assessment of Going Concern** ## **Basis of preparation:** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2022. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. ## **Recognition of Incoming Resources** These are included in the Statement of Financial Activities (SOFA) when: - the charity becomes entitled to the resources; - the trustees are virtually certain they will receive the resources; and - the monetary value can be measured with sufficient reliability. ## **Incoming Resources with Related expenditure** Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA. ## **Grants and Donations** Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## **Tax Reclaims on Donations and Gifts** Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. ## **Contractual Income and Performance Related Grants** This is only included in the SOFA once the related goods or services has been delivered. ## **Gifts in Kind** Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income receivable. ## **Volunteer Help** The value of any voluntary help received is not included in the accounts and is described in the Report of the Trustees. ## **Donated Services and Facilities** These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## **Investment Income** This is included in the accounts when receivable. ## **Investment Gains and Losses** This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. This page does not form part of the statutory financial statements 9 ## **FOREST FOLD BAPTIST CHURCH** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **1. ACCOUNTING POLICIES (continued)** ## **Expenditure and Liabilities** ## **Liability Recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## **Governance Costs** Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters. ## **Grants with Performance Conditions** Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## **Grants Payable without Performance Conditions** These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## **Investments** Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. ## **Support Costs** Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ## **Fixed Assets** Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,000. They are valued at cost or, if gifted, at the value to the charity on receipt. ## **Depreciation Expense** Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied per annum are as follows: |Fixtures & Fittings|10%|Reducing balance| |---|---|---| |General Equipment|10%|Reducing balance| |Motor Vehicles|25%|Straight line| There has been no change to the accounting polices (Variation rules and methods of accounting) since last year. This page does not form part of the statutory financial statements 10 ## **FOREST FOLD BAPTIST CHURCH** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **2. TANGIBLE FIXED ASSETS** |Additions
**Cost**
At 1 January 2024
At 31 December 2024
**Net Book Value**
At 31 December 2024
At 31 December 2023
At 31 December 2024
**Accumulated Depreciation**
At 1 January 2024
Charge for the Year|Motor Vehicles
General
Equipment
Fixtures &
Fittings
**2024**
£
£
£
£
10,674
31,890
26,111
68,675
-
2,709
12,567
15,276| |---|---| ||10,674
34,599
38,678
83,952| ||10,674
14,164
4,543
29,380
-
1,773
2,157
3,929| ||10,674
15,936
6,699
33,310| ||| ||-
18,663
31,979
50,642| ||-
17,727
21,569
39,295| The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2024 : None 31st December 2023 : None This page does not form part of the statutory financial statements 11 ## **FOREST FOLD BAPTIST CHURCH** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **3. INCOMING RESOURCES** |**3. INCOMING RESOURCES**|| |---|---| |Note
**c) Incoming Resources from Charitable Activities**
**5**
**5**
**5**
**5**
**5**
**5**
Events Fund
First steps
First Tuesday
Help Fund
Young Peoples Group
**a) Donations & Legacies**
Charity of the Month Collections
Gift Aid Tax Recovered
Gifts & Donations
Gifts & Donations-Legacies
Other income
Crowborough Camps
**b) Investment Income**
CAF Cash Interest
Standing Orders|Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**2024**
**2023**
£
£
**£**
**£**
-
9,309
-
9,309
20,561
17,010
-
-
17,010
17,074
16,632
49,612
-
66,244
136,912
4,000
-
-
4,000
9,500
200
500
-
700
3
83,068
-
-
83,068
76,008| ||**120,911**
**59,421**
**-**
**180,331**
**260,057**| ||2,399
-
-
2,399
2,136| ||**2,399**
**-**
**-**
**2,399**
**2,136**| ||-
4,021
-
4,021
3,971
-
3,814
-
3,814
-
-
603
-
603
608
-
3,288
-
3,288
2,855
-
4,551
-
4,551
6,064
-
10,969
-
10,969
10,141| ||**-**
**27,247**
**-**
**27,247**
**23,639**| This page does not form part of the statutory financial statements 12 ## **FOREST FOLD BAPTIST CHURCH** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **4. RESOURCES EXPENDED** |**4. RESOURCES EXPENDED**|| |---|---| |Note
**5**
**5**
**5**
**2**
**5**
**5**
**5**
**12**
**5**
Depreciation Expense
Events Fund
First Steps
First Tuesday
General Maintenance
**Charitable Activities:-**
Charity of the Month Collections
Crowborough Camps
Cyprus Fund
Staff Costs
Utility Costs
Website & Computers
Young Peoples Group
Youth Work
Help Fund
Licenses & Subscriptions
Ministry & Outreach
Motor Vehicle Costs
Office Costs
Renovations & Improvements
**Governance costs:-**
Independent Examiner's Fees
Insurance costs|Unrestricted
Restricted
Designated
**Total**
**Total**
Funds
Funds
Funds
**2024**
**2023**
£
£
**£**
**£**
-
9,309
-
9,309
20,561
-
3,455
-
3,455
3,957
-
51,055
-
51,055
126,966
3,929
-
-
3,929
1,477
-
3,059
-
3,059
-
-
724
-
724
757
-
3,163
-
3,163
2,740
11,925
-
-
11,925
13,922
-
5,379
-
5,379
5,813
359
-
-
359
953
3,926
-
-
3,926
6,603
2,421
-
-
2,421
1,858
979
-
-
979
955
4,679
-
-
4,679
4,081
75,633
-
-
75,633
71,817
9,277
-
-
9,277
8,813
1,721
-
-
1,721
1,387
-
10,891
-
10,891
11,146
3,966
-
-
3,966
2,934
1,440
-
-
1,440
1,320
3,215
-
-
3,215
2,771| ||**123,470**
**87,035**
**-**
**210,505**
**290,832**| This page does not form part of the statutory financial statements 13 ## **FOREST FOLD BAPTIST CHURCH** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **5. RESTRICTED FUNDS CURRENT FINANCIAL YEAR** |**PREVIOUS FINANCIAL YEAR**
Camp Fund
Cyprus Fund
First Step
First Tuesday
Help Fund
Charity of the Month
**Total Restricted Funds**
Loan Fund
Young Peoples Group
Events Fund
**Total Restricted Funds**
First Tuesday
Help Fund
Loan Fund
Young Peoples Group
Charity of the Month
Camp Fund
Cyprus Fund
First Step|**Balance**
Unrealised
**Balance**
**01-Jan-24**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-24**
£
£
£
£
£
£
-
9,309
(9,309)
-
-
2,795
4,021
(3,455)
-
-
3,362
14,748
49,612
(51,055)
-
-
13,304
403
603
(724)
-
-
282
379
3,288
(3,163)
-
-
505
3,109
4,551
(5,379)
-
-
2,282
6,560
500
-
-
-
7,060
138
10,969
(10,891)
-
-
216
-
3,814
(3,059)
-
-
755| |---|---| ||**28,132**
**86,668**
**(87,035)**
**-**
**-**
**27,765**| ||**Balance**
Unrealised
**01-Jan-23**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-23**
£
£
£
£
£
£
-
20,561
(20,561)
-
-
-
2,781
3,971
(3,957)
-
-
2,795
12,867
128,846
(126,966)
-
-
14,748
553
608
(757)
-
-
403
265
2,855
(2,740)
-
-
379
2,859
6,064
(5,813)
-
-
3,109
6,560
-
-
-
-
6,560
1,143
10,141
(11,146)
-
-
138| ||**27,027**
**173,047**
**(171,941)**
**-**
**-**
**28,132**| **Charity of the Month –** Each month the Church holds collections for specific causes and funds received during the month are placed in this fund for distribution monthly. **Camp Fund -** This is for Summer Camps on the grounds of the Church and is self funding. ## **Cyprus Fund** UK Donations to support Mr & Mrs James Swanson and the Church they now lead in Cyprus are processed through this fund. The donations given to this Fund from the Church, its members and other supporting Churches and individuals around the UK are used to cover the Swansons’ living expenses in Cyprus, their Church’s expenses such as Rent, and associated education and training costs. During 2023 we were able to support the humanitarian relief effort in response to the Turkish earthquake. This appeal raised £83,424 and was used in providing temporary accommodation under the guidance of the church in Cyprus. A further £905 was raised and distributed during 2024 and the fund close in early 2025. **First Tuesday** – This is a group aimed at the over 60’s which meets on a monthly basis on the 1[st] Tuesday of each month for a mid day meal and fellowship. This group is self funding. **Help Fund -** relates to a fund contributed to via specific giving, some as part of their standing orders that are received into the main account and some via collections every first Sunday. **Loan Fund -** is a fund set up to assist church members with loans repayable without interest over an agreed period **The First Steps Fund** - is a mother and toddler group - administered outside the general fund and mainly self sufficient. Occasional top ups from General Fund. **Young Peoples Group –** Monies placed in this fund are received towards the cost of an Annual Holiday for the group of young people from within the Church. **Events Fund** - This fund was set up during 2024 to accommodate various outreach events during the year where a fee to attend was required to cover costs **.** The restricted funds are wholly represented by the Charity's cash reserves. This page does not form part of the statutory financial statements 14 ## **FOREST FOLD BAPTIST CHURCH** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **6. DESIGNATED FUNDS** ## **CURRENT FINANCIAL YEAR** |**PREVIOUS FINANCIAL YEAR**
General Fund Reserve
General Fund Reserve
**Total unrestricted funds**
Total Designated Funds
General Funds
Total Designated Funds
General Funds
**Total unrestricted funds**|**Balance**
Unrealised
**Balance**
**01-Jan-24**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-24**
£
£
£
£
£
£
76,000
-
-
-
(15,200)
60,800| |---|---| ||76,000
-
-
-
(15,200)
60,800
38,804
123,310
(123,470)
-
15,200
53,844| ||**114,804**
**123,310**
**(123,470)**
**-**
**-**
**114,644**| ||**Balance**
Unrealised
**01-Jan-23**
Income
Expenditure
Gain/Loss
Transfer
**31-Dec-23**
£
£
£
£
£
102,000
-
-
-
(26,000)
76,000
-| ||102,000
-
-
-
(26,000)
76,000
18,910
112,785
(118,891)
-
26,000
38,804| ||**120,910**
**112,785**
**(118,891)**
**-**
**-**
**114,804**| General Fund Reserve – This is a General Reserve fund into which surplus funds have been placed in the past and is available as the Reserve Policy of the Church. The designated funds are wholly represented by the Charity's cash reserves. This page does not form part of the statutory financial statements 15 ## **FOREST FOLD BAPTIST CHURCH** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **7. INVESTMENTS** The Charity held no investment assets during this or the previous financial period. ## **8. CASH AT BANK AND IN HAND** |**8. CASH AT BANK AND IN HAND**|||||| |---|---|---|---|---|---| ||Unrestricted|Restricted|Designated|**Total**|**Total**| ||Funds|Funds|Funds|**31-Dec-24**|**31-Dec-23**| ||£|£||**£**|**£**| |Cash at Bank and in Hand|**4,642**|**27,765**|**60,800**|**93,207**|**101,987**| |**9. DEBTORS AND PREPAYMENTS**|||||| ||Unrestricted|Restricted|Designated|**Total**|**Total**| ||Funds|Funds|Funds|**31-Dec-24**|**31-Dec-23**| ||£|£||**£**|**£**| |Loans to Members|-|-|-|-|2,975| ||**-**|**-**|**-**|**-**|**2,975**| |**10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN**||**ONE YEAR**|||| ||Unrestricted|Restricted|Designated|**Total**|**Total**| ||Funds|Funds|Funds|**31-Dec-24**|**31-Dec-23**| ||£|£||**£**|**£**| |Independent Examiner's Fee|1,440|-|-|1,440|1,320| ||**1,440**|**-**|**-**|**1,440**|**1,320**| ## **11. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The Charity held no long term liabilities during this or the previous financial period. ## **12. STAFF COSTS AND NUMBERS** |Gross Wages & Salaries
Employer's National Insurance Costs
Employer's Pension Contributions
RENTAL|**TOTAL**
**2024**
**£**
68,581
-
7,051
**75,633**|**TOTAL**
**2023**
**£**
65,123
-
6,693
-| |---|---|---| |||**71,816**| Average number of employees who were engaged in each of the following activities: |Charitable Activities|**TOTAL**
**2024**
3
**3**|**TOTAL**
**2023**
3| |---|---|---| |||**3**| The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2023 - None) This page does not form part of the statutory financial statements 16 ## **FOREST FOLD BAPTIST CHURCH** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **11. TRUSTEES AND OTHER RELATED PARTIES** |Number of reimbursed trustees & related parties
Total amount paid|**2024**
12
**£11,490**|**2023**
16| |---|---|---| |||**£8,393**| The payments were made to : 6 Trustees; 5 Trustees Wives; 1 connected company by reason it is owned by a Trustee . The payments made to trustees and related parties consisted of reimbursement for materials purchased on behalf of the church in connection with improvements and maintenance to the church. During the financial year Trustee Mr J. Cowley & Spouse Mrs E. Cowley received £21,868 & £9,996(2023:£21,446 & £9,191) respectively in salary related payments in furtherance of the Charity's objects. Trustee Mr M Philpott received £32,217 in salary related payments in furtherance of the Charity’s objects (2023 £29,985). ## **14. RISK ASSESSMENT** The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **15. RESERVES POLICY** The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily. ## **16. PUBLIC BENEFIT** The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees' report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. This page does not form part of the statutory financial statements 17