WYCLIFFE BAPTIST CHURCH Transforming lives through Jesus Christ's love Charity No. 1135617 WYCLIFFE BAPTIST CHURCH Annual Report and Financlal Statsments Forthe year ended 31 December 2024 GENERAL INFORMATION Church address Wyclrffe Baptist Church 233 Kings Road Reading. Berkshire RG14LS W cliffe Ba tist Church Trustees, Re ort 2024 for the Charltles Commisslon Members of tho Wycliffe Baptist Church Trustees Team The Wyclrffe Baptist Church Trustees Team ('Ihe Church Council.) comprises the Ministers, Elders, Deacons. and Church Treasurer as appointed by the Church Meeling in accordance with the Wyclffe Baptist Church Constitution and Rules. Since 1 January 2024, the Church Trustees comprÉsed: Paul Lapworth Lead Pastor Jane Famworth Associate Pastor Jackie Mann Associate Pastor Esnat Tembo Elder Nigel Harman Elder Graeme Fairbaim Elder Alan Tower Elder Henry Bui Elder Rhona Goveia Elder Stuart Weekes Treasurer (resigned 21.03.2024; re-appointed 08.04.2025) Andy Westwood Elder (appointed:21.11.2024) Mandy Whittingham Elder {appointed.-21.11.2024) Boris Ho Elder {appointed:21.11.2024) Chris Darby Elder (resigned 21.03.2024} Principal Professional Advisers Bankers: Co-operative Bank Delf House Skelmersdale WN8 61 Examlner: J M Russell FCA Just Audit & Assurance Ltd 37 Market Square Wilney Oxfordshire OX28 6RE Santsnder Bank Bootle Merseyside L30 4GB Wycliff e B8Ptst Church Page 2 of 25 Chanty No. 1135617 CHURCH TRUSTEES REPORT 2024 Introductson The Wyclrffe Baptist Church ("WBC,° "the Church" or 'the Charity.) Trustees Team present their annual report for the year ended 31 December 2024 together with the financial statements for that year. The financial statements have been prepared in accordance with the accounting policies set out in note 1, the Charities Act 2011 and the Statement of Recommended Practice.. Accounting and Reporting by Charities (issued January 2019). Aims and Objectives WBC aims to promote the Christian faith in East Reading. where it is located, and more widely throughout the UK arKI intemati0na1￿. As an integral part of this, it aims lo provide resources for the benefit of the communty locally through organising a range of appropriate activth'es and by the provisK)n of facilities f(r community activib'es. WBC is governed by the Church Council, comprised of members appointed from the Church, the ministerial staff. and the Treasurer. Objectives and ActSvities WBC is committed to the following values, whtch unde￿rIte all of Fts activities: Objective Core Values Outworklng The supremacy of the Bible and the work of the Holy Spi17t We will be a church which is rooted in God's read and preached word for guidance and direction, and led and empowered by the Holy Spirit LOVE Christ Personal conversion and wholeheartgd disciplaship We will be a church which responds to God's call for lrfe-long, holy. and obedient living, and which delights in worship and prayer. The priesthood of all believers We will be a training church where everyone recognises their grfts to equip and encourage others in works of service. LOVE Church We will be an intsrgenerational, international, interdependent church family. where we care for, aff imi, and support each other through lrfe's circumstances and le8rn from each other how to follow Jesus. Unty and d￿ersIty Evangelism and social 8Ction We will be a multiplying, church-planting family that brings transforming hope to local communities by proclaiming the Gospel of Jesus Christ and living out our faith in action. LOVE Community We will be collaborative, working together with other churches and believers to build God's Kingdom in Reading, in Britain and around the world. R&aching tt7e nations Wycliffe Baptist Church Page 3 of 25 Charity No. 1135617 WBC seeks to fulfil its purpose and demonstrate thv6e values through the following activities: Sunday Worship services, which include sung worship. Biblical teaching and preaching, prayer, fellowship. and regular celebration of the Christian sacraments of Communion and Baptism. These serrfices are open to all with age-related groups running parallel most Sundays to provide age-appropriate teaching aF￿ pèer group fellowship. Occasional Marriage and Funeral services. A range of activities mid-week: both during the day and evening., extending hospitalty, Christian discipleship, and pastora5 care to those who come. ActiVFties may focus on age, cultural background, or type of activity. Support of religious. relief and development work around the world. Public benefit The Trustees have considered the Charity COMMI￿10n.5 requirements to be of benefit to the public and are satisfied that the activities listed in the following paragraphs. which are attended by members of the public as well as Church members. meets these requirements. Achievements and performance As a community of disciples of Jesus in East Reading, we have continued to gather to worship our God, Father, Son, and Holy Spirtt and to be wrtnesses to the love of Christ that transforms our diverse church family. and who reaches out through us to our local community. Ministry- Church services During the year normally four distinct church services have been held each Sunday. Teams of volunteers, particularty for associated youth groups, have been maintained and developed for each service as well as benefitting from staff leadership. other Church actlvltles ￿l￿eek aCtiv￿leS continued through the year. Alpha ran from April to June (for 10 weeks) and Seplernb to November (for 10 weeks) on Friday evenings with a meal. At spring '24 Alpha, we averaged 15 guests, wrth 3 of them coming to faith. accepting Jesus, arKI being baptized. At autumn '24 Alpha, we averaged 8 guests, with 2 of them preparing for baptism now. Our LIFE Groups met weekly mainly in person wilh sorne online attendance, at drfferent times of the week, many in homes and some on church premises. Our many Youth and Children's groups had a full year. The Men's Lunch group. which provides an opportunity for men to fellowship together. continu￿1 to meet alternating between in-person lunches in the Warehouse Foyer and Zoom (to enable those who are shielding to join us) on Tuesdays from 12.30 - 1.30. Good discussions were had, with numbers typically ranging from 6-10. Other activf(ies like Monday night football continued to help men connecL improve rnental wellbeing. and keep f it. Our regular pray meetings, leadership meetings, training seminars, and church member meetings continued to me throughout the year. A number of our annual summer activities, some involving overnight stays went ahead as normal wi carefully drawn up risk assessments - Youth Camp, Kids Camp. Holiday Bible Club, Superheroes Party and Cell Out. Support for the Communty Coordinated by the Community Projects, Facilitator, we were able to bring together a number of our community facing activities. There is much overlap between Foodshare, Coffee & Craft. Seniors and our Cornrnunity Café which hdp support our neighl)ours in practical ways providing a safe place. Wycliff e Baptist Church Page 4 of 25 Charity No. 1135617 Foodshare ran throughout the year reducing food waste and supporting our local communty. We have partnered with tha other food hubs across Wokingham, W{￿ley, and Reading, and worked closely with Reading Council. Activities for Coffee and Craft continued with iwo cookery sessions a week for young people with learning disabilities, craftsessions, meals forrefugees and community café. Seniors also offered exercise sessions, games, craft, a thought for the day. a meal ar￿ various fund raisers. Wee Ones, our communty parent, and toddlers, group offered a session welcoming over 60 families wi about 25 children visiting each week. Our East Reading Prospects Group, which is part of a national network of church-based groups for adults with leaming disabilities, continued meeting with Tuesday Spectal at Greyfriars, typically ￿lce a month. forfellowship, teaching, sung worship. craftetc Thankfully. all memberscan now be brought by their carers to the meetings. Support for Local and Intemational Mission and Development WBC has an active interest in Christian mission. education. and development work locally and intemation81ty. This work is promoted and monitored by Mission Link, comprising a group of volunteer Church members. Support for this work includes a combination of prayer, financial contributions, practical advice and help as required. Acttvities of those supported include evangelism, education, Bible translatFon. development, and poverty relief. At the end of 2024, 15 individuals were supported by Mission Link, including,. 4 serving abroad 9 supporting international mission from the UK 2 supporting local mission in the UK The indThiiduals supported by WBC all work with other UK Charities who are responsible forthe oversight of their work and welfare. Financial contributions were made to other groups in Reading and the UK with aims in line with those of Wycltffe Baptist Church. Summary In summary. 2024 wa5 a fruitful year, with the Church able to respond to our evolving context in order to achieve meaningful engagement wilh members and atterKlers. maintain a strong local commurty presence and support internationally effective initiatives. Membership At the end of the year, WBC membership stood at 266. Seventeen new members joined during the cour of the year, 10 members left, 11 members changed status to FrierKI and 1 member dEd. The property Physically, WBC'S property comprises the following: The original Church building at 233 Kings Road, built in 1881. including the Kings Room, the main worship area, which can also host a variety of meeting formats. Wycliffe Baptist Church Page 5 of 25 Charity No. 1135617 The Wycliffe Room (a subslantial church hall), two futher meeting ri)oms, offices, kitchen. toilets, and a caretakerfs flat. The Warehouse, a community centre, at la Cumberland Road. linked by corridor to the above buildings, which includes a sports hall, three meeting rooms, an office, storage, kitchens, and toilets. The property adjacenl to the Church car park at 229 King's Road, including ground floor and semi-basement meeting rooms, and first and second floor flats. The propety adjacent to the Church car park at 231 Kings Road, including ground floor atKI serni-basement meeting rooms, and first and second floor, was acquired on 16 October 2024 to complete the church campus. The Communicare building - adjoining the Warehouse and the Church car park, owned by WBC but used by The Communicare Trust (Reading), a local charity supported by WBC The propety is overseen by the OperatÉons Team Coordinator. At the end of the year the propety remains substantially in good condition. Rental income is eamed through the letting of the three flats which fam part of the propety and the lettings of other rooms in the propety. mainly to individuals and groups in the community. 231 Kings Road will be used for the benefrt of the church and has secured some of the existing carparking spaces already used by the church. Structure, governance, and management WBC is managed by the Church Council, the members of which act as Managing Trustees. The names of the Trustees serving in 2024 are shown on page 2. The Elders tend to take responsibilty for the spiritual and worship areas of Church life, whereas the Treasurer and Senior Staff - the Operations Team Coordinator and Finance Manager tend to look aft practical matters (including f inance). Membersof the Church Council collectivelytake the legal responsibilty for the management of the Church. All members of the Church Council (including employed staff and volunteer memlErs) are appointed by the Church Members, Meeting. The employed members of staff are normally apwinted on a pemianent basis. Elders and deacons (when appointsd) are appointed for a 4-year temi, with the exception of the Treasurer who is appointed on an annual basis * the Members, Annual General Meeting. The Church Council met essentially monthty during 2024, with online access made possible. Ultimate authority in a Baptj'st Church is the in-person Members Meeting and 9 meetings of Church Members were undertaken, with a decision being taken to allow online participation. A budget for the Church's activities is prepared each year by the Treasurer and approved by the Church Members, Meeting. Financlal review WBC made an overall deficit in 2024 of {£5.942) madeup of a lo&s on ordinary church activities of (£5.942}. In 2023 there was a loss on ordinary church activities of (£33.201) and a surplus of the sale of the man £55.811. The Church's operating income and expendiiure for the year to 31st December 2024 is detailed in the Financial Statements and associated notes on pages 10 to 25. Reserves policy It is a policy of tha Church Council to s￿k to maintain unrestrfcted cash reseFves (after setting aside funds designated for specrfic purposes, for example manse provision. building maintenance, sabbatical, etc.) of at least three months of the Church's normal operating budgeL Wycliffe Baptbt Church Page 6 of 25 Charity No. 1135617 Princlpal rlsks and uncertainties The current economic circumstances may limit the ability of members to increase their giving and will have an impact on covering increased costs, particularly utilities. W8C has revi6*Ned its staffing structure to minimise costs whilst sttll effectrvely supporting and strengthen the church community and has bd(ed at options to eontrol and reduce other costs. WBC has surplus reserves which can be used to fund any temporary deficit. Statement of Trustees. responsibilities The Trustees are responsible for preparing Ihe Trustees. Annual Report and the f inancial staternents in accordallce with general applicable law and United Kingdom Accounting Standards (United Kingdom General 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 vieN of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statemerits, the Trustees are required to: select suitable accounting policies and then apply them Con￿stentIy. obsenie the methods and principles in the Charittes SORP. make judgments and estimates that are reasonable and prudent. state whether applicable accounting standards have been folloNed, subject to ary material departures disclosed and exptained in the financial ststements. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the f inancial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the members of the Church Council on 27.10.2025. and signed Alan Tower Chair of the Church Council Wycliffe Baptigt Church Page 7 of 25 Charity No. 1135617 Wycliffe Bapti8t Church Page 8 Df 25 Charfty No. 1135617 WYCLIFFE BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WYCUFFE BAPTIST CHURCH I report to the charity trustees on my examination of the accounts of the charty for the year ended 31 ST December 2024 which are set out on pages 10 to 25. Respective responsibilities of trustees and examiner As the charity's trustees of WycliffeBaptist Church, you are responsible forthe preparation of accounts in accordance with the ra]uirements of the Charities Act 2011 (tthe Act,). I report in respect of my examination of the Wycliffe Baptist Church accounts carried out under section 145 of the 2011 Act and in cairying out my examination I have followed all the applicable Directions giv by the Charity Commission under seclion 145(5) (1,857 (5,942 21610 Transf8f5 between funds 5,095 (4.486) (609 Nol movement In funds (4,164) 12.465 15,942 22.610 2023 Net Mov8ment 28. 794 2.316 (8, 500) 22,610 Reconclllatlon of Funds Total funds brought forward 992,781 141.430 177,39 1.311,61 1,289.000 Totsl funds carrfed forward 18 993,469 137,266 17493 1.305.66 1.311,610 Comparattve flgures for each fund are shown in the notes to the accounts Wycliffe Baptist Church Page 10 of 25 Chanty 1135617 Wycliffe Baptlst Church Balance Sheet 31 December 2024 Note Unrestrrded Designated Restricted Total 2024 Total 2023 Tangible Fixed Assets 11 SY)2.349 121,00 1,023,34 513,140 Current Assets Stock Debtors 12 31,161 336.761 1,250 51,881 777.461 Bank and Cash 13 136.017 60.548 533.32 367.922 137.267 62,59 567,781 829,34 Current Liabilities Cr&Jitors: amounts falling due ithin one year Net Current Assets 14 (151,803) (8.658 (160.461 {30.8721 216.119 137.267 53,93 407.32 798.470 Creditors: amounts falling due after more than one year Net A￿ts 15 (125,0(Kl) {125.OtX¢ 993,469 137.267 1749 1.305, 1.311,610 Charity Fund5 Restrlcted Furtds 16 53,9 53,9 137,2 56,399 Designated Funds Unrestricted Funds 17 137,266 141.430 672.014 622,01 622.180 Property Reserve 371.454 121,00 492.4 491.601 Total Funds 18 993,468 137.266 174, 1,305,66 1.311,610 The notes on pages 13 to 25 fom an integral part of these accounts These ftnancial sLitements have been prepared in accordance ￿th the Financial Reporting standa￿ 102. These accounts wer8 approved by the Trustees on Monday 27.10.2025 and signed on their behalf. A Tower Chair S Weekes Treasur8r Wycliffe Baptist Church Page 11 of 25 Charity No. 1135617 Wycliffe Baptist Church Statement of Cash Flows for the year ended 31 December 2024 2023 Net cash provided by operating activitie5 21,771 {43.967 Cash f lovts from investing activities: Purchase of property. plant & equlpment Cash flow from sale of manse Cash flow from purchase of 231 Kings Road Cash flows from f inancing activities= Cash inflowfrom new borrowngs Repayments of borrowings (15.908 (4.675 530,811 (500,000 250,00 (259.441 Change in cash and cash equivalents Sn the year (244.137 2217 Cash at bank and in hand at start of year Cash at bank and in hand at 8nd of year 777,461 533,32 554.73 7T7,461 Increase l (decrease) Fn cash (244,135 Raconclllation of net cash providod by operating activities 2024 2023 Net income l (expend iture) as per SOFA Les5 Sutplus from sale of manse Adjustments for. Depreciation Loan interest (Increase) I decrease in debtors Increase l (decrease) in creditorE (excluding loans) 15.942 22,61 (55.811 5,69 10.09 (9.454 (16,173 17,42 Net cash provided by l (used in) operatlng activities 21,771 (43,967 Wycliffe BaptBt ChLTrrch Page 12 of 25 Charity No. 1135617 NOTES TO THE ACCOUNTS Year ended 31 December 2024 1. ACCOUNTING POLICIES Basis of preparation The accounts are prepared in accordance with the Charities Statement of Recommended Practice, FRS102 and with the Charities Act 2011. Wycliffe B8Ptist Church is a registered charity, number 1135617, and meets the def inilion of a public bendrt entity under FRS102. Ass8ts and liabilities are initially r8cognis8d at historlcal cost or tRnsaction value un18SS OthaMis8 Stated in thè relevant accounting policy notes. These accounts consolidatè the f inances of Wycliffe Baptist Church. including the Warehouse. and thè following associated organisations: Reading 2nd Boys, Brigade; Reading 5th Girls, Brigade,. Coffee and Craft East Reading Causeway Prospects: Take a Break: and Intemational Focus. The historic balances forthe Kings Road English class8s ar8 also included but the classes did not operat8 during 2024. b. Golng concern Thè Tnjstees Gonsider that th8r& ara no material uncertainties about th8 chaty's ability to continue as golThJ con¢em G Income recognltlon All incoming resources are included in the Statement of Financial Activities when the charity is legally entitl to the income after any performance conditions have been met. the amount can be measured reliably, and it is probable that the income wyl5 be received. d. Donations and legacies Donations are accounted for gross when received. Legacies are 8ccounted for on the earlier of notif ication of an impending distribution and the legacy beirvJ recelved, provided that the legacy can be property quantifled. Investrnent incorne Investment income is included in th8 accounts in the year in ￿lch it Is recelvable. Ineomlng re$ource$ from charltable activities Income from charitable activities is included in the accounts in the year in ￿lCh the activity takes place. g. Other Incomlng resources Other income is included in the accounts in the year in bthich it is receivable. h. Expendlture recognltion All 8xpenditure is accounted foron an accruals basis. Expenditure is reGognised where there is a 18gal or constructive obligation to make payments to third parties, it is probable that settlement will be required. and the amount of the obligation can be measured reliably. Fund raising and publicity costs The Church does not mak8 fomial appeals extemally forfunds. and expendf(ure on these items is thèrefore not material. Grants payablo The Church makes grants to other organisations whose Charitable objects complement its work. These are accounted f or in the year in which they are paid, except those rel8ttrng to specific offerings orgifts weivad, which are accounted for when the gifts are received. Support costs Support Costs ara those that assist the work of thè Church but do not directly represent charitsble activiti and include property costs, including utilities, cleaning and caretaking, and govemance Cost. Where support osts cannot b9 directly attributed to particular headings, they hav9 been alloGated to expenditure on charitable activities on s basis consistent with the use of resources. Most of the management 18 conduct Wycliffe Baptist Church Page 13 of 25 Chartty No. 1135617 rythout charge by volunteers. Thls Intangible costis rntlncluded in the Statement of Flnanclal Activities sin there is no measurable cost to the volunteers for their service. Penslon5 The Church pays into various defingj contribution pension schemes for its staff. Contributions are charged in the proftt and loss accounts as they become payable in accordance with the rules of the schemes. m. Leasing Rentals payable under operating leases are charyed against income on a straight4ine basis over the lease term. n. Flxed assets The maln Church premises at 233 Klngs Road. Reading. together with assoGiated ha115 and rooms. are included in the balanGe sheet at £1 because reliable cost infornation is not available, and valuation woukj incur significant costs which would be onerous compared viith the addltional beneflt g8lned by the user of the accounts. The properties at 229 Kings Road, 231 Kings Road, la Cumberland Road (The Warehouse.) and the adjoining Communicare building are included at original cost. Thè Communicare building is shown as a restricled asset as tts use 15 restricted for a minimum of 25 years, or while occupied by Communicare longw. Fumiture and equipment in the Church premises costing in excess of £2,000 is included in fixed ass8ts at the lower of Cost and net reali5able value. Depreciation Dap￿tatIOn has not b8en charged on the properties owned by the Church, because In the opinion of the Tnjstees. the residual value of the asset is not less than th6 original cost Pri¢8. Depreciation on other f ixed a55ets, including futntture and f ittiT￿5 and office equipment is ralculated to bwite off the cost on a straight4ine basis over their expected useful lives. at the rate of 200A per annum. or such other rate as the Church decides is appropriate. stsrting the year after purchase. p. Funds Unrestricted funds ar9 available for use at the discretion of the Trustees in furtherance of the gen8ral objectives of the charity and which have not been designated for other PUTposes. Designated funds comprise unrestricted funds set aside by the Trust88s for particular purposes. The aim and us8 of each designated fund are set out in the notes to the financial statements. Restricted funds are to ba used in accordancè with spacific r&striotions imposed by donors, or which have been raised by the charity for specific purposes. The aim and use of each restricted fund are set out In the notes to the f inancial statements. q. Rounding All arnounts in the f inancial statements are pr8sented in pounds sterling and hav8 been n)und8d to the nearest £1 unless olhewse stated. As a result, totals and subtotals in the Statement of Financial Activities, Balance Sheet, arKI notes may r￿1 always sum precisely due to rounding. These differenGe5 are considered immaterial and do not affect the overdll presentation or understanding of the financi85 statements. 2. DONATIONS AND LEGACIES Unrestrlcted Designated Restricted Total 2024 Totsl 2023 Offerings 441.759 4.26 446,01 409.771 Tax ref unds Grants received 74.048 74,12 68.57 20. Wycliffe Baptist Church Page 14 of 25 Charity No. 1135617 Grants income deferr& Legacies (4,775 (4,775 (11,141 515,807 5,21 521,021 2023 tbnafions & Legacies 472,979 16,915 Grants received,. Restricted funds (C(iffee & Craft) £5,027 Reading Borough Council Men's Cthcing,. (Boys Brigade) £2,692 DofE Funding and £600 Boys Brigade Grant (Foodshare) £1,380 Rotary Club of Reading. 3. INVESTMEpif INCOME Unrestricted Deslgnated Restricted Tolal 2024 Totsl 2023 Bank interest 15,241 322 15,56 14,93 Totsl 15.241 322 1156 14,93 2023 Interest 14. 740 190 14,930 INCOME FROM CHARITABLE ACTIVITIES Unrestrlcted Deslgnated Restrlcted Totsl 2024 Totsl 2023 On-site actlvities Weekend Away Trips and camps 5,196 37,93 43,12 39,5 Total 11.102 37,93 49,03 4429 2023 Income 8, 983 35.315 44,298 5. OTHER INCOME Unrestricted Designated Restrlcted Total 2024 Totsl 2023 Use of Premises Flal renls Olhar Income 69,416 43,881 5.113 69,41 43,881 13,50 63.13 40,49 36.16 8,39 Totsl 118.410 126,80 139.7 2023 Income 112,481 27,309 139, 790 Profit on Sale of Manse Gross Profit Expenses (24,189 Total 5&811 2023 Incom& 55,811 55,811 Wycliffe Baptist Church Page 15 of 25 Charity No. 1135617 6. EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted Designated Restricted Total 2024 Tolal 2023 Ministry Local mission Eslabli5hment Weekend Avray 251.919 18.493 266.292 4,76 45,73 14 256.6 64,23 266,43 245,03 87,16 263,11 Govemance Costs Grants Payable (see Note 71 2,230 126.033 2.74 128.78 124.20 Total 664,968 53,391 718,35 2023 Expenditure 638. 733 83.380 722. 173 7. GRANTS PAYABLE Unrestricted Designated Restrlcted Total 2024 Totsl 2023 In rospoct of specific individuals supported by WBC WEC Intemationai4 Wycliffe Bible Translators Irrtet5eTve Friends Intemationai4 iNe Rising Brook 4 Other paytnents to specific missionaries 11.158 16,482 11,1 16,48 8,92 7,43 25,17 6,97 17.96 10. 18.121 9.30 8,05 25.02 3.10 14, 7.439 25,177 6,975 16.893 1,07 In respect of other organisalions supported by WBC Comrnunicare BUGB Home Mission Fund Reading Schools Worker UCCF Yeldall Manor RE Inspired Reading Street Pastors Friends Intemational Persecuted Chrtstians - Open Doors UkrdFne Relief Afghanistan Crisis Appeal Hope Counselling Tearfund Christmas Offering Faith CG Christmas Offering Prokin Orphanage other Gharitable gifts 5.500 7.684 1,500 2,000 6,500 4,000 5,50 1,50 4,00 1,500 1,50 1,38 21 21 33 21 21 3.20 3,27 Total 126.033 174 128,78 124,20 Wycliffe Baptist Church Page 16 of 25 Charity No. 1135617 2023 G￿ntS Payable 120.271 3,931 124,202 Thes8 pgymenls arp made to mi55iDn 0￿r￿s3￿5 in respect of sp￿￿1C inthvNluaL% senl or supported by WBC a5 mis5ionarfe8. Wycliffe Baptst Church Page 17 of 25 Charity No. 1135617 & NET INCOME FOR THE YEAR Net Tncome for the year is st*ed after chargingl(crediting): 2024 2023 Independent examination Fee 2,23 2.60 9. STAFF COSTS AND TRUSTEES EXPENSES 2024 2023 Salaries So¢lal security Costs Pension costs Other staff costs 345,251 23,49 13,19 38 324.79 21,02 12.75 Total 382,32 358,93 The average number of people employed at any time during th8 yearwas 18 (2023.. 191. No ernpbyee r￿e1Ved emoluments in excess of £60,000 during the year {2023: None). Thre8 trusteas V￿re employees of the church in 2024 - Paul Lapworth as Lead Pastor, Jackie Mann as Associae Pastor and Jane Famworth as Childrén's, Youth and Families Pastor. Their employment costs for these roles are shown in the tsble below.. Salary Employer Pension Costs Total 2023 Totsl Employe8s Paul Lapworth Jane Farnworth 54.208 2,710 56,918 52,741 38,715 3.989 42,704 43,048 Jackie Mann 42,234 1,080 43,314 37,631 Total 135.157 7.779 142,936 133,420 No sums were reimbursed to the Trustees for their work as Trustees {2023: £Nil). The Church pays pension Gontribution5 Into various defined contributions schem85 forits staff. In addition, for ore of its Ministers, payment is mad8 to the Baptist Ministers Pension Trust Limited, which is a final salary defined benefit schem8. which is not contracted out of th8 Slate second pension. The SGheme is a multi-employ8r scheme, and it L% not possible to identify the assets and liabilities of the scheme which are attTibutable to the Church. In accordan with FRS17 therefore, the scheme is accounted for as a defined contrtbution schem8. Further Info￿atIOn on the Baptist Pension Scheme can be found in notg 20. Within the church's annual insurance policy is provision fortwste8s' indemnity insurance. This is part of the overall policy and the portion of the premium ￿lating to this cover is not identifiable. 10. OPERATING LEASES At 31 December 2024, th8 Church had total commitments under non-cancellable operating leas8s as follows: Other A lease for an off i¢8 photocopier for 63 months from February 2022. Vfycliffe Baptist ChurGh Page 18 of 25 Charity No. 1135617 Land & Buildlngs Total thin l year Within 2-5 years 87 1.30 87 1,30 Total 2.181 2.18 2023 OpeTrting Lease Costs 3,054 3.054 11. TANGIBLE FIXED ASSETS Unrastrlcted Church & 229 & 231 associated Kings Rd & rooms Warehouse Restricted Communl- Boys. Brlgade Minibus Equipment Total building Cost 1 January 2024 Additions Disposals 370,600 500,000 73.33 15.90 121,000 14,09 579,03 515.90 31 December 2024 870,600 89,2 121,000 14,09 1,094,941 Depreciatlon 1 January 2024 Charge Disposals 31 December 2024 Net book value 51.79 5.69 14,0 65,89 5.69 57,49 14,0 71,59 31 Decembor 2024 870.600 31.7 121,000 1,023,34 31 December 2023 370,600 21.53 121,000 513.14 The main Church premises and associated halls and rooms at 233 Kings Road (including the Kings Room and the Wycliffe Room> are shown at £1 becaus8 reliable cost infomiation is not available. and valuation would incur signrficant cost vthich would be onerous compared with the additional benefit gained by the user of the accounts. 231 Kings Road. 229 Kings Road and la Cumberland Road are included at their purchase cost in 2024.1998 and 1996, respectively. In 2005. The Communicare Trust (Reading), an independent charity, obtained a Europe8n Union grant to constrLtt 8 building forlts charitable purposès on land oM)ed by the Church. Under the tems of the grant, WBC ovms the building but is required to let it to Communicare for a minimum of 7 years wth annual extensions thereafter at Communicare's option foras long as it is not in breach of the agreement. WBC may have pre-arranged occasiord LLse. For 25 years, use must not comprise activities that are of a politi￿1 or an exclusively religious naturg. The building is shown as a rèstricted ass8t at its estimated cost. Since construction and purchase, the Kings Room and the Warehousé have undergone 5ignrflcant ref urbi5hment. With the exception of some elements of equipment expenditure ¥thich have been separately identified above. the remaining costs have been expensed in the year the expenditure was incurred. Equipment identified in respect of ref urbishment expenditure is now fully depreciated. All of the f ixed assets are used for direct charitable purposes. The insured velue of the Church's property 15 Church Buildings £4,357.888. 229 Kings Road £837,172, The Warehouse £1,995.653, Communicare building £357,448, and 231 Kings Road £626,112. Vvycliff e Baptst Church Page 19 of 25 Chartty No. 1135617 The charity occupies and exerclses full control overseveral properties used in its charitable activities. Alth)ugh lega title to these properties Is held by the Baptist Union Corporation, thls is solety in its role as custodlan trustee. The Baptist Union Corporation does notexercise ary control over the properties, nor does it derive any benef itfrom them. The trustees consider Ihat the ¢harity holds benefidal ownershlp of these properties and bears the risks and rewards associated with th8m. Accordingly, th8 properties have been recognised as tanglble fixed assets in the financial statements, in accordance with the Charities SORP (FRS 102). The arrangement wtth the Baptist Union Corpordtion is a standard practice within Baptist charities and churches, ensuring continuity and legal protection of title while allowing the charity to retain f ull operational control. 12. DEBTORS 2024 2023 Prepayments Debtors Accrued Income 21,24 13,21 31,08 Total 51.881 See note 19 for comments in r8spect of a contingent asset. 13. BANK AND CASH BALANCES 2024 2023 Wycliffe Baptist Church accclunts and cash Associated organisalion accounts and cash 501,831 31,49 739.17 38,28 Total 533,32 7T1.461 Wycliffe Baptkqt Church Page 20 of 25 Charity No. 1135617 14. CREDITORS: AMOUNTS FALUNG DUE MTHIN ONE YEAR 2024 2023 Creditors Accruals Loans f rom Church members Baptist Union Corporation 1st instalment on 231 Kings Road Tax and NIC Independent Examination Fee Def erred Income 22,69 11.501 125,00 5,73 2.25 6,23 11,141 30,87 Totsl 160,461 14a. DEFERRED INCOME 2024 2023 DefetTed Income at 1 January Credited to Income in year Resources deferr&Y in year 11,141 111 141 4.77 25,961 Deferred In¢omg * 31 December 11,141 15. CREDITORS: AMOUNTS FALLING DUE A￿ER ONE YEAR 2024 2023 2nd Instalment on 231 Kings Road 125,00 Totsl 125,00 Wyclrffe Baptist Church Page 21 of 25 Charity No. 1135617 16. RESTRICTEO FUNDS l Jan 2024 Incoming Resources Transfars resources expended 31 Dee 2024 Associaled organisations Youth and Kids Camp Foodshare Hardship Fund Building & equipment fund WBC Specif ic GivTng AV Funds Property reserve 27,169 13.399 5.413 8.316 g37 28,718 15.341 3.324 300 28,966 11,605 6,890 1,317 (205 26,71 17,13 7.29 3.150 700 2.747 1.865 (403 1.165 121,000 121.00 174.9 Total 177,399 51,533 53,390 {608 The Associated organisations represent the combined amounts in respect of Reading 2nd Boys. Brigade", Reading 5th Gids, Brigade: Coffee and Cr8fl. East Reading Causeway Prospects: Take a Break., Kings Road English Class8s (which did not operate in 2024): and Intemational Focus. Youth and Kids camp includ8S the income and costs for these activities. Foodshare includes grants and donations received and the Nnning costs of distributing surplus food to those in need. The Hardship Fund includes donations received to provide support during the COVID pandemi The building & equipment f und represents a specific donation for a partlcular propety project. The Grfts of specifiG causes fund represents amounts received for the benefit of missionaries supported by tha Church or specific appeals Including the Chrlstmas Day offerings. The Property reserve fund represents Ihe cost of the Communicare building which has restricted usage for 25 yeats or vthi18 OG¢upied by Communicare. whichever is longer. All ￿tricted funds ara made up of current assets except for the Property reseNe minibus ￿lch is a fix8d asset. 17. DESIGNATED FUNDS 1 Jan 2024 Incoming Resources Transfers resources expended 31 Dec 2024 Building & equipment fund Mission funds SabbatiGal & Intem fund Ref urbishment & Building reserve 50.000 38.301 23,(M)9 30,120 322 {4,486 34.13 23.00 30.12 141.430 322 {4.486 137.26 Total The building and equipment fund represents sums set aside for the long-te￿n maintenance of the Church building6. The mission fund represents amounts set aside to support members in long- and short- tem mission and training for mission. The sabbatical & Intem fund represents amounts set aside to fuTKI pasto￿, sabbatiol proj8Cts, inclLKling coverwhi18 they are absent and to provide f und5 for the appointment of an intem. The refurbishment reserve f und rèpresents amounts Set aslde tovrards a future r8furbishmgnt 8rKI additiorks to the Church's buildings. Wycltffe Bapti%t Church Page 22 of 25 Charity No. 1135617 All designated funds a￿ made up of curyent assets. 18. ANALYSIS OF FUNDS AT 31ST DECEMBER 2024 Unrestricted Designated Restricted 2024 2023 Unrestricted reseNes Youth and Kids Camp Foodshare Hardship Associated organisations Building & equlpment fund Mission funds Sabbatical & new staff fund Refurbishment reserve AV Funds Ref u￿ishMent fund Manse fund Gifts for sP￿tf¥C causes Total excludlng premlses 622,014 622,01 17,13 622,18 13,39 5.41 8.31 27,16 17,13 26,71 93 26,71 50,93 50.000 34.136 23,009 30,121 38,301 23,00 30,12 1,16 23,00 30,121 622,014 137,266 81121 820,00 371,454 121,00 492,4 491,601 Property resetve Total funds 993,468 137,266 174,9 1.305,66 1,311,91 The property reserve ￿Presents the purchase cost of the Church's buildings less the amounts outstsnding on loar6 to buy them. 19. CONTINGENT ASSET The charity has been notified of a legacy gift of a residential flat under the terms of a will. As at the balance sheet date, probate had not yet beèn granted and the charity had not established fomial entitlement to the asset. Accordingly. the legacy has not bean recognised in tha Statement of Financial Activities f or the year ended 31 Dec 2024. The f lat Is expected to be transfèTred to the charity following the grant of prob*e, whlch is anticipated to occur after the year erKI. The trustees consider the rec8lPt of this asset to be probable, and the value of the f lat will be recognlsed in the accounts of the y6ar ir* which entitlement is estsblished. 20. RELATED CHARITIES AND TRUSTEE RELATED PARTY TRANSACTIONS The custodian Trustee of the Church is the Baptist Union Corporation Limited (charity number 249635), 19 controlled by the Baptist Union Council. The Church is also a member of the Baptisl Union of Great Britain. and the Southem Counties Baptist Association. The Church made donations to the Baptist Union Home Mission Scheme as set in note 7. The Church made granls of £1.010 to YWAM forthe support of L Lapworth. related party to a trustee (2023 £1,381) The Church made grants of £7,439 to Friends Intemational for the support of A Tower a trustee (2023 £8.053) Trustees and their relat￿ parties donated a total of £69,542 (2023 - £63.014) to the chU￿h during the year vthllst appointed as trustees. The church made a contribution to the Baptist Union in relation to the purchase of 231 Kings Road, Reading of £1.181. Wycliffe BaptBt Church Page 23 of 25 Charity No. 1135617 21. PENSIONS The Church is a particlpating employer the Baptist Pension Scheme rthe Scheme.), vknich is a sepaTrte legal entity adrninistered by thè Pension Trustee (Baptist Pension Trust Llmited). The Scheme, previously knovm as the Baptist Ministers Pension Fund. started in 1925. Al the beginning of the financial year, the scheme comprised of a defined beneftts scheme which was closed to future accrual on 31 December 2011 and a defined contribution plan Mthich was opened in January 2012.The assets of the Scheme are held sepaTrtely f rom those of the Employer and the other partlGipating employers. For the current financial year. the pension provision for members of Ihe Scheme is being made through Ihe Def ined Contribution (DC) Plan. In general. rneMbe￿ pay 8% of their Pensionable Income and employers pay 60A of mernbe￿, Pensionable Income into individual pension accounts. which are operated and managed on behalf of the Pension Tfustee by Broadstone Corporate B8nefits Ltd. In addition, the employor pays a further 40kn of Pensionable Income to cover Death in Servic6 Benef its, administration costs, and an associated insurance policy Ythi¢h provides income protection for Scheme mernbers if they are unable to work due to long-term incap3¢ity. This income protection policy has been insured by the Baptist Union of Great Britain wth Aviva ￿MIted. Furthemiore, Mernbe￿ of the Basic Section pay reduced contributions of 5% of Pensionable Income. and their employeTS also pay a tot81 of 5%. In October 2024, the insurance company Just Group Gompleted a buy out of the liabilities of the closed def ined benef it scheme. From that date any remaining liability of the participating scheme members to defined benefit scheme ceased and the £1 per month deficit contrrbution5 payable by the participating eTnployers vhich were agreed in the recovery plan approved in August 2022 also ceased from that date Administration of the closed def ined benefit sGheme transferred from the pension trustees to Just Group from that date. The Mini5ter(s) and some members of the church staff are digible to join the Scheme. Section 28.11A of FRS 102 requires agre8d def l¢it recovery payments to be recognised as a liability. The present value of the agreed def icit contributions was immalerial at the beginning of the f inanclal year and were f ully extinguished once buy out was ¢omplet8d by Just Group in October 2024. Wycliffe Baptist Church Page 24 of 25 Charity No. 1135617 2024 2023 Def ined contribution plan: Current period contributions Multi4mployer defined benefit plan: Deficiency contribution in respect of prior seNiGe period 6.62 6,14 Totsl Wycliff e Baptist Church Page 25 of 25 Charify No. 1135617