REGISTERED CHARifi NUMBER: 1140734 Speen Baptlst Church R¢port oflhfj Trustees and Unaudlled Flnanclal Statements lorthe Year Ended 31st OeceM1 2024 Totrth & Co 132 Northampton Lane Noth Moullon Nothamplon NN3 7QW
Speen Baptlst Church Contents of the Flnancial Statements for the Year Ended 31st December 2024 Page Report of the Trn8tee8 1 to 3 Independent Examlnef8 Report Statemont of Flnanclal Actlvlues Balance Sheel Notes to the Flnanclal Statements 7 to 13 Detalled Statemenl of Flnanclal Actlyftles 14 10 15
Speen Baptlst Church Report of the Trustees for the Year Ended 31st December 2024 The trustees present their report with the finanaal stalem8nlS of the Charity for the year ended 31 st t)e¢ember 2024. The tsijslees have adopted the provi&ons of Accounting and Réporting by Charities.. Slat¢m¢nt of Recommended Prathce applicable lo tharilies sxeparing their accounts in a¢dan with the Finarrial Reports'ng Siandwd apF4irabk in thè UK and Rewblic of Ireland IFRS 1021 {effective l January 20191. OWECTNES AND ACTIVITIES Objectlve8 and alms We have referred lo the guidance ccfil8ined in the Charity Commisson's gerral guidance on putAi¢ l)enefil when reviewing our aims and ¢tJjKtives and in planning our future ath"Mb"es. The objects are set in the govemirvJ document mentioned above. In summw they are.. - lo provide a F4a¢e of wcrthip - lo give finarrial assslance lo those in need. The managing Iruslees have the authority to make deasi$ corKeming financial &)nab"LMlS UP to £5LKI. Any.ng abovfr amount must be ratsfi&J by the members. ACHIEVEMENT AND PERFOIIMANCE Charflable acllvltles We eonlinue to offer weekjy worship 8ervic8s, prayer meetirvJ5, horrn groups, re visits other aspects of a Christian eommunity IhroLohout the year. The church rrmbership and visitors CL)thnue lo meet regulat1y. see some n8w f&es arrivo, and some old fn'ends move on. and lo worship G(># IhroughouL The t¢JJder group goes from strength lo strength with grtrwirKJ numbers joining this weekly a(VIty. Many ad ho¢ events were also hosted auoss the year, includirvJ visits by the l¢xal s¢ho(A, vari¢JJs hospitality events f all ages. and special worship services lo mwk signfficant dales in the Church caleTrdar. 2024 saw Speen Church Ctinng to ovolve in our ality to benefit lh8 local communty espeaally given th cost of lirj crisis the ongoing war in Ukraine and global instability. We continue lo welcome Ukrainian r&fugees into the fell¥ShIP, as well as bjilding relatiShIpS with other local people indudiNJ refijgees from other nabons. also sustained ¢JJr support fc* overseas Missi( charitie5 in India arKi Ethiopia 8Th1 to share the love of Jesus with many al home and overseas. Financially wg retain reaSonae reseNes 81 thè year end, assisted by the heahY finaNal $urplu$ f IP year, and at the lime of signing off these ace(yJnts. We Ihank God for all or these things. Praise Gc4J for a bles58d yoar. with rnh lo look fOard lo.
Speen Baptist Church Report of the Trustees for the Year Ended 31st December 2024 FINANCIAL REVIEW Fln•n¢lal Revlew The pdicy on reserv8S 1$ to aim lo malntsin at least 3 months of average expendttuw. This objectve was mel Ihroughout the year. The pUle benefit objectives have been suFp)rted by the expendrture on Sving the local CL)mmunity, makn'ng grants to Eth1oa and other ¢harilies, maintsiniNJ the church faulib'es and oth gen&Yal expenditure of the church. Al of this support5 cr objectives of sharing th8 9)spd of Jesus and puttiffj in into 1xath.ee amngsl the loc41 community, and fijrther afiokl the benefit of those in kKJvty and The church received total in¢om8 amouth"rKJ lo £72.515. We 81so retsived a legacy of £180,872 which is restn'cted fund availae only fcf d8velopment of the Eth1oan Church subject lo V(j5 conthtions. Unrestricted expenditure lolalled £67,305 1frawThJ £5,210 surplus wthin the church. Nomal monlhty iome now rcxohly matches our mmal monlhly expenses enabliro the chutrh lo moet am finanLI otAigations as they fall due. Expenditure induded a donab.on reslrict&J fijnds of £1,500 sent lo Ethiopia to SUPM njral d)urth leaders afferled by Ihe insurgency. We also made a number of donations from unrestricted fimds, induding lo TLG. University of Notb"ngham Chrith'an Uni¢X. and Agape Alive In India. FUTURE PiANS The ot4'eth"ve remain$ lo o)ntinue proMdir@ tho wilic bffits as sat in the summary of &tsMts'•s and finarrid review above. The Chapel and Church Hall are in excéllent eotwjib'on aTrJ offer good fae41itie5 to the church and loe21 community. HOs"tal1ty events, the Tiddlers and Tryjdlers group. our routine churth acliwtses will contiThts for the foreseeable futwe. STRUCTURE. GOVERNANCE AND MANAGEMENT Govemlng document S{n Church Is an UninClyatd charity wvem&Y by a consts.tUti based on the Bapts'5t Union guidart( and adopted by ts mn%r5. The 8stsng members appnt managing Irustegs Isoe below) fcdlowing provisicS set out in Ihg above goveming conslilutyon. Signffjc&tt deasions con¢eming Sn Churth arv debated by thè marwing twstees who then make a prowsal lo the mberShip, whith is decKled by a vote. Publlc benefft Th8 church acknowledges its requiremenl lo demonstrate d8arly that it musl ha¥e Lati1&40 wrposes that are for the public benefft. The ath"wb"es set oul above illustrate the p11¢ pnm'ded this year. Trnstees (Deacons) Baptist Union Corpth"On LiThMled is 8 cust(KlI trustee. The trustses listed bel we mawging trustges. REFERENCE AND ADMINISTRATIVE DETAILS Regl8tered Charfty number 1140734 Princlpal address Chaw Hill Speen PrinS Risb07 Blk1JhaM$h1r6 HP27 OSP Page 2
Speen Baptist Church Report of the Trustees for the Year Ended 31st December 2024 Tru3teeJ Ms J E Heam Iresigned 27.3.25} SJCBoolh J P H Entsvis M5ALght Revd T R Del Ms L J Pearce lapwnled 27.3.251 Ms S Leath lappoinled 27.3.251 Independent Ex•mlner l A Tobutt FCCA T¢)butt & Co 132 NorthptOn Lane North Moulton Northampton NN3 7QW AFyoved ty (xder of the board of trustees on .......... . and signed on ils tehaw ty.. JPH 4isle- Trustee Page 3
Independent Examinerfs Report to the Trustses of Speen Baptist Church Independent examiners report to the trustees of Speen Baptlst Church I report lo the charity St88S on my examinat} of of sèn Baptist Churth {the Trusll for the ye8r ded 31st DeCber 2024. Re4)onslbllltle8 and ba818 of report As the charity trustees of the Trust you are responsible for the preparatif of the a¢¢ounts in nce with th8 rewirements of Ihe Charitses Act 2011 I'the Acr) I report in res(1 of my oxaminalitJTr of Ihe Trusf$ accounts c8rri8d thjt under Se¢lion 145 of the Act and in carrying out my examination l have follcwed all applicable Directions given by the Charty C¢mISs0n und Sethon 145llbl of the Act. Independenl examlnerfs slatement SirKo your chabity's gross inccffle exceeded £2,000 ycxJr examiner musl be a member of a listed body. I an confimi that l am quarfied lo underta(8 tho examinats)n because l am a member of th8 Assoc4aticfi of Charter&J C8Tt"fjed A¢countants, which is one of Ihe lisled bodies. I havo ccffipteted my examinats'on. I ccfffirm that r) materia matters have com• lo my attention In connect th the examination gi¥ing me cause to believe that in any material respecL' arA)unting records were not kept in r8SP8Ct of the Trust as required by Secon 130 of the Aca,. ( Ihe UntS do not accord with those records, or the accounts do not comply with the applicable rffjuirements ca)erThng ihe fo and content of accounts sel OLrt in the Charities IAccounts aTrJ Repx)rtsl Regulations 2008 other than any regulment that a¢counts give a true and fa'r view whth is not a mattgr CsSIdered as part of an ipendent examination. I have r¥ ccxwns arKI have ccffle 058 no other rrtterS in conneth.on 1 the examination to whi attenti sth)uld t dravn in this re¥xirt in order lo enAe a PYOFer ur)JWstw1ng ¢A the ants to te reached. l A Totmjtt FCCA TObl & Co 132 Northampton L0 North Moulton Northam NN3 7QW Date.....1PJ4 2D...... Page 4
Speen Baptist Church Statsment of Financlal Activities for the Year Ended 318t December 2024 2024 Totsl fijnds 2023 Total nds Unrestri¢Xed Re$tr'thd lund funds Notes INCOME A14D ENDOWMENTS FROM Ct)nab'ons and legacies 1,872 249,73J 61,752 Chrhablfj actlvlues Grant inc£sme 850 10,050 (Thher Iradiro activities Inveslmenl income 2,795 12 2,795 3,084 879 To¢41 72,515 181,751 254,2e6 74,893 EXPENDITURE ON Raising funds 254 3,916 3,120 Charltable aclmttes Cost of charitable activities 63,643 65,143 58.916 Total 67.305 1.754 69.059 NET INCOME Transfers betren funds Other recognlsed galn&l{108ses) Gains on revJuation crffix&J assets 5,210 179,997 146.053) 185.207 12,857 13 139,2 51,519 19),769 &S.148 Net movement In funds 1.513 185,463 375,976 69,C(J5 RECONCILIATION OF FUNDS Total broWIt fc#ward 532.e63 1.772,450 2,XJ5,113 2.236,108 TOTAL FUNDS CARRIED FORWARD 723,178 1,957,913 2,681,089 2,305,113 te8 fomi part of these fin8rual statements Page 5
Speen Baptlst Church Balance Sheet 31st December 2024 2024 Total fijnds 2023 Total fvnd$ Vnrestricted fvnd Restn'cted funds Notss FIXED ASSETS Tangle assets 8,794 1.768,691 2,455,485 2,264,716 CURRENT ASSETS Debtors Cash at bank 12 11,194 25,188 11,194 214,410 9.091 31,3C 189,222 36.382 169,222 225,604 40,397 NET CURRENT ASSErs 36,382 189,222 225.604 40,397 TOTAL ASSETS LESS CURRENT UABIUTIES 723,176 1,957,913 2.681.089 2,305,113 NET ASSETS 723,176 1,957,913 2.$81,C69 2,305,113 FUNDS Unreslrided funds Restn"cted luThJs 13 723,176 1.957,913 $32,e63 1,772,450 TOTAL FUNDS 2.681.1189 2,305,113 The finanu81 slalements were apprDved by the Bo8rd of Trustees and aUth0n tr Is$ on .4wY.....l•..7f.... and were gned C its behaf by.. nlsIe- Tiustee The notes fom part of these financ4al statents Page 6
Speen Baptlst Church Notes to the Flnanclal Ststements for the Year Ended 31st December 2024 ACCOUNTING POUCIES 8a811 of preparfng the financlal statements The finanGal stalemonls of the chority. whith 1$ a public tenefft eth.ty und8r FRS 102. have ten prepargj in rdance with the Charities SORP IFRS 1021 Accy)unting and ReFK9ng by Chariti'es.. Statement of Recommgnded Practice ap[Airae to d)arities pr8pariNJ th&r accounts in accordance with the Finanaal ReFXYting Standard appliCae in the UK aThJ Republic of IrelarKI IFRS 102} leffecb've 1 January 20191.. Finarrial Reports"rJ Standard 102 The Finanaal Repoth'ng Standard applicable in Ihg UK and Republic of IrelarKI' and the Charities Act 2011. The financial statements have béen prepared uThJer Ihe historical cost cctwenlion. as modffied by the revaluatiefi of certain assets. The finarrial stslemenl$ have tsen prep8red on a g¢Jng c£sncem basis. The Insstees have and consdered relevant infmtion. including the 8nnu81 tyJdget fLrture cash I1¥S in making thr assessment. Based on these assessments, Ven the ureS that could be undertaken lo mrtigate the current adverse wnditions. and th8 current resources avail&8, the trusteé$ have eonduded that they can cJJnlinue lo adopt the goirvJ eoncem basis in preparing the annual report and accounts. Income All income is recog4sed in the Stslement of Finarri81 Ath"ties 08 the thanty has entsuemenl 10 the funds, it 18 Pfobable that the in(om8 w¢ll te received and th8 amowrt can bo measur&J reliably. Exp¢ndltur¢ Liatslitt8s are recc>3nised as exp6ndituro as scK)n as there 1$ a legal or constructive rt)Iation ¢ommittiThJ the chanty to that eXndItUre, it is probable that a transtsr of economic benefits will be required in setdement aThJ the amount of the obligation can be measured reliabty. Eyenditure is accounted for on an aec¥uals basis and has teen dassffied uTrJer headiros that 4gregate all eost related lo the category cost$ cannot be diredly 8ttnbuted lo particular headiThJs have been allLKated lo tiVieS a ba Consistrt with the use rf rereas. Grants offered subjeca to conditions which have not been met at the Y end dat8 arg noted as a commitsnenl not accrued as eyrKliture. T•nglble Ilxed assets Tangible fixed assets are recognised * cost initially trArt annually revalLHJ lo their Iured amourn as Ihis is dgemed the most aFvopriate bass for valuiro the assets. Taxatlon Tr thanty is exempt frcrfn tax on its 1810 acwties. Fund accountlng Unrestricbj fun(ts ¢an b8 us&J in acCOrdar wtth Ihe charitable obj'gctives at the disc(etion of the trustees. Restricted funds can only bo fc p8rlioJlar resbicted wrw8es within the 0.ts of the dianty. Re$tn"ctions arise when SFecafigJ by the donor when fuTrJ$ are raised for parti¢)Jar restrictgj purposes Furth8r explanab'on of the nature and purp)se of eath fvnd is indLKJ8d in th8 Tr)tes to Ihe finanaal stalem8nls. Penslon cost8 and other po814*1rement benellts The charity 0rat85 a defi[d ¢Mtribub"on Fension scheme. Ccfitsitsjtions payalje to charitys Fenslon sche are tharged lo th8 Statement of Finwial Actiw"ts"es in the period lo wh'ch itw relate. Page 7 contr'nued...
Speen Baptlst Church Notes to the Financial Statements - contlnued for the Year Ended 318t December 2024 DONATIONS AND LEGACIES 2024 2023 CnationS Grfi aid Legaaes Hall hire ,933 11,194 180,618 8,932 1,8 249,730 61,752 OTHER TrADING ACnVITIES 2024 2023 Sctiat events Burial fees Chwl Hill thhen sales 2,695 1(KJ 764 2,795 INVESTMENT INCOMe 24 2023 Intest RAISING FUNDS Investm•nt management Costs 2024 2023 Propety repairs Mainten8nce charges 1,857 2,059 2.247 873 3,916 3,120 CHARITABLE ACTIVITIES COSTS Grant fijnding ol ath'vrties SupkK)rt costs (see rbjte 71 threct Costs Totd$ Coyt of charitae o&iwtiOS 62,1 1,5 782 65,143 Page 8 c(Y¢tinued...
Speen Baptist Church Notss to the Financial Statements - continued for the Year Ended 31st December 2024 SUPPORT COSTS Goveman FInae Totsls Cost of charitae tr.ties 782 TRUSTEES. REMUNERATION AND BENEFITS ring the year, Rev T Beller received remuneratson of £26,o89(223- £24,604}. Tnlee•. expenses tring Ihe year. m¢mb¢rn the bcgrd of trustees - Ms J P&¥ce aThJ Mr J En1818 r&mbur58m8nl of £261.28 {2023- £442.35) £4,255 1612¢r23- £120.57) resFxtivdy. STAFF COSTS 2024 2023 Wages and salaries Other pension costs 26,089 24,604 6,111 32,689 30,715 The average mnthty number of emFloyees during yearwas as follows.. %)24 2023 Ministy team No employo0$ rwiv8d emoluments in exces$ of £,c(l). 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES Unrestn"ct&J Restnct& fvnd fijnds Total fvTrJ$ INCOME AND ENDOWMEPffS FROM Ct)natiCllS and legacies 61,232 520 61.752 Charftable actlvltles Grant in<y)me 825 9,225 10,050 Other tradirKJ aCtivaS Investment InMe 3.084 3,084 Total 65.148 9,745 74,893 EXPENDITURE ON RaisirNJ funds 2,6C 520 3.120 Charftable actlvltles Cost of ¢tHritsble th"Mties 58,916 58.916 Total 61,516 520 62.036 Page 9 ¢tIn...
Speen Baptist Church Notss to the Flnancial Ststsments - continued for the Year Ended 31st December 2024 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnued Unreslricled Restricted fund funds Total funds NET INCOME Other recognlsed galn8111088esl Gains on revaluation offixed assets 9,225 12,857 14,279 41.9 56,148 Net movement In funds 17.911 51.094 69,CQ5 RECONCIUATION OF FUNDS Total futYJs brought forward 514,752 1,721,356 2.236,108 TOTAL FUNDS CARRIED FORWARD 532.663 1,772.450 2,305,113 11. TANGIBLE FIXED ASSETS FixbJr8S and fftts'ngs FrethcAd Manso Totals COST OR VALUATION Al 1st January 2024 Rovalualions 1,717,172 51.519 486,457 137,417 61,087 1,833 2,264,718 1.769 At 31st Decnber 2024 1,768.691 623,874 62.920 2.455,485 NET BOOK VALUE At 31st Detsmber 2024 1,768,691 623,874 62.920 2.455,485 At 31st Oecemb8r 2023 1,717,172 486.457 61,087 2.264.716 Cost or Valuat at 31st Decemter 224 is reFffesented by." FixtuS and ffttiros Fr¢ohold Churth Manse Totals V81Uali($ In 2020 Valuation In 2021 ValuatIc in 2022 VJuaticfi in 2023 Valualicfi in 2024 Cost 12,894 32,420 76, 12,79) 137.417 351.390 46,397 1,035 2,132 SS,148 1,769 1.736,Cl)4 149,538 153.701 41,869 51,519 1,338.ffi1 8,OTT 1.833 46,053 1,768,691 623.874 62,920 2.455.485 Pag¢ 10 ¢ontinu8d...
Speen Baptlst Church Notes to the Financial Statements - continued for the Year Ended 31st December 2024 12. DEBTORS: AMOUNTS FALLING DUE THIN ONE YEAR 2024 2023 QrdebtOr8 11,194 9,091 13. MOVEMENT IN FUNDS Net movement in fvnds Tr8nsf8rs beeen rKts At 31.12.24 At1.1.24 Unrestrtcted fund8 General fd 532.663 144.460 46,053 723,176 Re8trfct¢d fund8 8apts.st Union Corporation Ethiotia 1,763,225 9,225 51.519 179,997 146,0531 1.768,691 189,222 1,772,450 231,516 146,0531 1,967,913 TOTAL FUNDS 2,305,113 37S,976 2,681,C69 Nel m0Verrnt in fun(ts, HUdad in the arè as fcllows.. IOM1r0 Resources Gain$ and losses Movement in fvjnds Unrestrfcted funds General fiwKI 72,515 {67,3051 139,250 144,460 Restrlded funds Resloralion FuTrJ Baptist Union Corporation Ethiopa 254 1254} 51.519 51,519 179,997 181.497 181,751 11,7541 51,519 231,516 TOTAL FUNDS 254,2e6 169,0591 190,769 375,976 Page11 contint*d...
Speen Baptlst Church Notes to the Flnanclal Statements - continued for the Year Ended 31st December 2024 13. MOVEMENT IN FUNDS- contlnued Comparatlves for movement In funds Nel movemont in At 31.12.23 Al 1.1.23 Unrestrfcteil fund8 General fund 514,752 17.911 532,663 Restrfcted fund8 Baptist Union Corporation Ethiopa 1,721.356 41.869 9,225 1.763,225 9.225 1,721,356 51,094 1,772,450 TOTAL FUNOS 2.236.108 69,005 2,305,113 Comparative net movem?nt in furvjs. Énduded in th8 knve are as fcAI(ws." Incoming resources Reswr¢es exwded Gains aTr losses MoveThnt in funds Unre8trl¢¢ed funds Gener81 fund 65.148 161,5161 14,279 17.911 Restrlcted funds Restorab"cn FUTh Bapb'sl Union CNatic Ethiopi8 {$20) 41,869 41, 9,225 9,225 9,745 15201 41,869 51,094 TOTAL FUNDS 74,893 162,0361 Sfj.148 14. EMPLOYEE BENEFIT OBUGATIONS The tharity operates a defintrd g)ntritxJt1c pension scherrn. Conlrityjtions payable by the charity amounted to £6,612023- £6,111). Page12 continL*d...
Speen Baptlst Church Notes to the Financial Statèments - continued for the Year Ended 31st December 2024 16. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31st December 2024. Page 13
Speen Baptlst Church Detsiled Statement of Financlal Activities for the Year Ended 31st December 2024 2024 INCOME AND ENDOWMENTS t>onatlons and legacles Donations 50,430 8.932 500 1,89) 11,194 180,618 Lega¢ies H811 hire 249,730 61.752 othertradlng adlvltles S21 evonls Bunal fees Chap81 Hill kttchen sales 2,695 10J 2,320 2,795 Investment Incoffle Ini8resl Chartlable actlvllles Grants 10,050 Total In¢omthg rewurces 254.2e6 74,893 EXPENDITURE Property repairs Manlenarte charges 1.857 2,247 873 3,916 3,120 Charttable a¢Uvllles 26,c9 24,eJ)4 6,111 3,541 2,724 4,019 P8ns¢ons Rates and water Insuran Light and heat Telephcfje Postage statiry SuThJries OU)er costs Grants lo indivi(*Jals 2,951 2,789 4.799 1,216 424 17.085 1,500 119 16,156 64,361 58.209 This page ttes not forn the 61alut(xy finan¢ial Statements Page 14
Speen Baptlst Church Detailed Statement of Flnanclal Actlvltles for the Year Ended 31st December 2024 2024 Support c¢)sts Flnance Bank ¢harp$ 215 Govemance costs Accountancy and legal 1889 492 Total resources exper¥Jed 69,059 62.¢)36 N•t Income 185,207 12,857 This dces not p8rt ofthe statuw fin8ncAal statements Page 15