King's Baptist Church The Green. Stotfold Registered Charity number: 1136519 Accounts for the Year Ended 31 December 2024 st
Klng's Baptlst Church Accounts for the year ended 31 December 2024 Contents and Church Informatlon Contents Page Report of the Trustees 1and2 Independent Examineff s Report Statement of Financial Activities Balance Sheet Notes to the Accounts 6t012 Trustses Angela Clark Resigned 25104124 Alison Down Resigned 31112124 Jane Sprittles Resigned 31112124 Margaret Stsnley Resigned 31112124 lan Tyler Resigned 25104124 Stephen Backhouse Appointed 27102125 Matthew Wheatley Appointed 27102125 Mark Tumer Appointed 27102125 lan Tyler Appointed 27102125 Minister (and Trustee) Rev Alistair Sanders Address The Green Stotfold SG5 4AN Charlty Reglstratlon Number 1136519 Independent Examin•r Geoff Mann Geoff Mann Limited Dee House Highworth Avenue Cambridge CB42BQ Bankers Barclays Custodian Trustee Baptist Union Corporation Ltd
King's Baptist Church Page 1 Accounts for the year ended 31 December 2024 Report of the Trustee8 The trustees present their report and the accounts for the year ended 31 December 2024. The accounts comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102> (effective 1 January 20191 Statement of Trustees. Responsibllitlos Charity law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Church and of the surplus or deficit of the Church for that year. In preparing those accounts, the trustees are required to: Select suitable accounting policies and apply them consistently. Make judgements and estimates that are reasonable and prudent. Prepare the accounts on the going concern basis unless it is inappropriate to presume that the Church will continue in business. Observe the methods and principals of the Charities SORP. {iv) The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time. the financial position of the Church and to enable them to ensure that the accounts comply with the Charib'es Act 2011. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detects-on of fraud and other irregularities. The trustees confim that they have referred to the guidance contsined in the Chanty Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. Structure, Governance and Management Governing document The Church's governing document is a constitution adopted on 29 April 2010 (amended in May 2014). It was registered as a Gharity on 22 June 2010. Appointment of trustees New trustees are appointed by the membership and require 66Yo of eligible voters present.
King's Baptist Church Page 2 Accounts for the year ended 31 December 2024 Report of the Trustees Trustee induction and training The trustees regularly review the procedures in p18ce for tnjstee induction and training by reference to guidance published by the Charity Commission. Organisational structure The trustees set out the general policy of the Church. The day to day affairs of the charity are run by the minister (or in the absence of a minister the trustees). Objects and Actlvltles The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom andlor other parts of the world. Achievements and Perfomiance, Flnanelal Review and Futur• Developments These are covered by the Church's Annual Report. This report was approved by the trustees on 8 May 2025 and signed on their behalf. Stephen Backhouse Trustee and Treasurer
King'8 Baptist Church Pago 3 Accounts for tho year endod 31 D•cemb•r 2024 Independent Examinerfs Report To the Trustees of Klng's Baptist Church I report to the trustees on my examination of the ac¢ounts of the Church for the year ended 31 December 2024, vthich are sel out on pages 4 to 12. Responslblllties and basis of report As the Church's trustees you are reswnsible for the preparation of the accounts in accordance wth the requirements of the Charities Act 2011 {'Ihe Act,) I report in respect of my examination of the Church's accounts carried out under secllon 145 of the Act, and in carrying out my examination I have followed all the applicable Directions given by the Charlty Commission under section 1445Xbl of the Act. Ind0Pondont Examlnor's Statemont I have completed my examination. l ¢onfim that no material matters have come to my attention in connection with the examination giving me any cause to believe that in any material respect: accounling records were not kept in respect of the Church as required by section 130 of the Act; or - the accounts do not accnrd wth Ih05e rett¢rds", or - the accounts do not comply with the applicable requirements conceming th8 form and content of a¢counts set out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirement that the 8ccounts give a 'true and fairf 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 lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Ge¢)ff Mann Geoff Mann Limited D88 House Highworth Avenue Cambridge CB4 2BQ
Klng'• 8aptl8t Church Account8 for the year •nd•d 31 DKombor 2024 Statement ol Fln•nc141 ktlvltl 2024 General t)esNJnalod Restricted Endovmenl Funds Funds Funds Funds 2023 Total Fundj Total Funds Notes Incom• Giving by Church Mombers and Visilofs Gift Tax Recover•bl• Investment Income Warm Spaces Funeral8 and OlheT 56,413 9,558 851 281 56.694 9,558 851 s5,r2 11,807 2,430 590 590 657 Total In¢om• 67.412 281 67,693 69,956 Exp•ndltur• Ch8rit4blé Exwndrture Ministry Co818 ChLtrcl) running 51# OutroAch Pastoral and Ifgining Grant• to Mi8•K*n•ry Orgonlsallons 38,346 24,002 771 1,498 38,346 38,816 36.547 27,399 1,336 1,342 9,170 14,814 73 1.498 7.540 7,540 ToL•l Exp•ndltur• 64,617 22.354 73 87,043 75,793 N•t Incom•llExp•ndltur•l 2.796 -22.354 208 -19,351 -5.837 Trnn•hrn B•twM•n Fund• -7,540 7,540 Net Mov•m•nt In Fund• fc•r th• Y•ar 4,744 -14,814 208 -19,351 -5.837 R•con¢lllAtlon ol Fund• Total Fundi Brought Forward 129,721 15,107 1,412 690,CQO 836,241 842,078 ToL•l Fund• C•rrl•d Forward 124,977 293 1,620 690,000 816.890 836,241 Statem•nt ol Total Re¢ognl8•d Galn• and Lou Thefe were no recognised gains or10s88s for 2024 or 2023 othef than thos• Induded in the Si81omenl of FinAnciAI ACtIvrtJ
Klng'8 Baptlst Church Page S Accounts for the year ended 31 December 2024 Balance Sheet 2024 2023 Notes Fixed Assets Tangible assets 696,165 697,940 Total Flxed Assets 696,165 697,940 Current Assets Debtors Cash at bank and in hand 2,982 118,231 5,956 136,557 Total Current Assets 121,213 142.513 Liabilities Credltors.. amounts falling due within one year 488 4,212 Net Current As8et8 120,725 138,301 Net Assets 816,890 836,241 The Funds of the Church General Funds Designated Funds Restricted Funds Endowment Funds 124,977 293 1,620 690,000 129,721 15,107 1,412 690,000 10 Total Charity Fund8 816.890 836,241 The aOuntS were approved by the trustees on 8 May 2025 and signed on their behalf. Stephen Backhouse Trustee and Treasurer
King's Baptist Church Page 6 Accounts for the year ended 31 December 2024 Not68 to the Account8 Accounting Policles (a) Bas18 of Preparation of Accounts The accounts have been prep8red in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepubSic of Ireland (FRS 102) (Effective 1 January 2019) - (Charities SORP IFRS 102)), the financial reporting stsndard applicable in the UK and Republic of Ireland (FRS 102> and the Charities Act 2011. King's Baptist Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise ststed in the relevant accounting policy notels). The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees do not consider that there are any sour5 of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. {b) Income Giving by Church Members and Visitors is accounted for when received. Gift Aid Tax Recoverable is accounted for using the accruals method. Investment income is included in the accounts in the ye8r in which it becomes payable. (c) Expenditure Includes all expenditure incurred in pursuing the charity's objectives, other than that which has been capitalised. (dl Flxed Assets Freehold land and buildings The Manse and the Church building are included in the accounts at trustees, valuations which are reviewed annually. Fumiture and fittings. storage equipment and electronic equipment Prior to January 2009 all assets were written off on purchase. The policy since then is to only capitalise those Items with a value over £1,000
Klng's Baptlst Church Page 7 Accounts for the year onded 31 December 2024 Notes to the Accounts le) Depreclatlon Freehold land and buildings No provision has been made as the assets are included at a valuation which is reviewed annually. Fumiture. fittings and storage equipment Electronic equipment 1 OYO Straight line basis 200/0 Straight line basis (n Debtorn Trade debtors and other debtors are recognised at their settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discount due. Ig) Creditors and Provlslon8 Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. (h) Fund Accounting Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity. Endowment funds exist where there is a capital fund with no povRr to convert the capital Into income. Golng Concem The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of ests"mation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the Carrying amounts of assets and liabilities within the next reporting period.
Klng'• Baptlsl Chur¢h Page 8 Accounts for th9 year •ndad 31 D•¢ember 2024 Not98 to the Accounts Exp8ndltur• From General F Notes 024 2024 Mintsty Costs Gross 5alari8s Pension costs Other.. 29.950 3,662 27,850 3,149 ConlinLting Mini$t&rial Development Manse Water Rates Manse Counc*l Tax Other 355 1,257 2.872 249 781 828 2.759 1,180 4.734 5,548 38,346 36,547 Church Running Costs Buikling rnaintenance". Mans8 maintenance Church maintenanc 3.788 4.111 712 6,936 7,899 7.648 Computer hardware and sothvare Depreciation Equipment (below £1.0001 Gas, eleclriaty and water Independent examination Insurance Membership. health and safety MiscellaneoLts running 5(5 Printing. posiage and stalion8ry Telophone and internet Travel Ladies weekend 1,815 2,993 331 3.449 3,245 1.540 3.378 480 2.245 473 2.010 1.012 1.101 402 2,302 597 2,349 475 1,119 24,002 27,399 Outreach 771 1,336 Pastoral and Iraining 1,498 1,342 Grants to Missionary Organisations- Desw4nated Fund Spire replacement Works of heart outreach 7.540 14.814 73 9,170 Totsl Expenditur• 87,043 75,794
Klng's Baptl$t Church Page 9 Accounts for the year ended 31 Decffiibor 2024 Notes to the Accounts Grdnts to Mlsslonary Organi8atlon8 - De8lgnated Fund 2024 2023 Institu Baptist Union Home Mission BMS World Mission The Need Project Christian Initsative to Schools Chnsts'an Insts'tute Other United Christs'an Broadcast 1,800 1.800 1,800 1.800 180 100 60 2,160 2,180 2.160 180 2,450 60 Grants to Mlssionary Organi8ation8 - Total 7,540 9.170 Staff Co•ts None of the trustees received any remunerakn'on in respect of their role as a trustee, nor did they receive any expenses. The staff costs were.. 2024 2023 Wages and salaries Other pension costs 29,950 3,662 27,850 3,149 33.612 30,999 The average weekly number of Stsff employed by the charity during the year was 1 (2023 - 1)
Klng's Baptlst Church Page 10 Accounts for the year ended 31 December 2024 Note8 to the Accounts Flxod Assets Freehold land Furniture and buildings etc Total Cost Balance at 01.01.24 Additions Disposals 690,000 31,177 1,218 721,177 1,218 Balance at 31.12.24 690,000 32,395 722,395 Depreciatlon Balance at 01.01.24 Depeciation Disposals 23.237 2,993 23,237 2,993 Balance at 31,12.24 26.230 26,230 Net Book Value At 01.01.24 690,000 7,940 697,940 At 31.12.24 690,000 6,165 696,165 Debtors.. Due within one year 2024 2023 Income tax recoverable Prepayments 761 2,221 3,833 2,124 2,982 5,956 Credltor8'. Due within one year 2024 2023 Accruals 488 4,212 488 4,212
Klng's Baptlst Church Page 11 Accounts for the year ended 31 December 2024 Notes to the Accounts Designated Funds Brought FoN4ard Income Expenditure Transfers Carried Forward Mission Projects Spire Hardship 7,540 7.540 107 15,000 107 14,814 15,107 22,354 7,540 293 Mission The Church sets aside a minimum of 100/0 of its General Fund receipts for mission purposes. The Church makes grants to other organisats'ons whose charitable obJectives complement its work. For any project agreed by the Church Members Meeting Agfeed by the Church Members Meeting for repairs to the spire Relief of hardship Projects Spire Hardship Restrlct•d Fund8 Brought Forward Income Expenditure Transfers Carried Forward New Building Pre-sch¢)ol Hardship Works of Heart Connect Ladies Weekend 200 45 780 441 24 -78 200 45 780 553 42 185 18 78 73 1,412 281 73 1,620 New Building Pre-school Hardship Works of Heart Connect Provision of a larger church building Pre-school club Relief of hardship Monthly craft group Group for carers of children with additional needs
Klng's Baptl8t Church Page 12 Accounts for the year ended 31 December 2024 Notes to the Accounts 10 Endowment Funds Brought For¥vard Income Expenditure Transfers Carried Forward Manse Church 290,000 400,000 290,000 400,000 690,000 690,000 Manse Church Provision of accommodation for minister Place of worship Analysls of Net Assets Betwoen Fund8 General Designated Restricted Endowment Funds Funds Funds Funds Total Funds Tangible assets Net current assets 6,165 118,812 690.000 696.165 120,725 293 1.620 Net assets 124,977 293 1,620 890,000 816,890 12 Related party transactlons There were no related party transactions in the year that required disclosure.