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 ger*ral 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, r￿e visits other aspects of a Christian eommunity IhroLohout the year. The church rr*mbership 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 C￿tin￿ng to ovolve in our a￿lity to benefit lh8 local communty espeaally given th cost of li￿r￿j crisis the ongoing war in Ukraine and global instability. We continue lo welcome Ukrainian r&fugees into the fell￿¥ShIP, as well as bjilding relati￿ShIpS 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 reaSona￿e reseNes 81 thè year end, assisted by the hea￿hY 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 rn￿h lo look fO￿ard 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 objec*tve was mel Ihroughout the year. The pU￿le benefit objectives have been suFp)rted by the expendrture on S￿ving the local CL)mmunity, makn'ng grants to Eth1o￿a and other ¢harilies, maintsiniNJ the church faulib'es and oth gen&Yal expenditure of the church. Al of this support5 c￿r 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 availa￿e only fcf d8velopment of the Eth1o￿an Church subject lo V￿(￿j5 conthtions. Unrestricted expenditure lolalled £67,305 1frawThJ £5,210 surplus wthin the church. Nomal monlhty i￿ome 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 b￿ffits 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 UninC￿lyat*d charity wvem&Y by a consts.tUti￿ based on the Bapts'5t Union guidart( and adopted by ts m￿n￿%￿r5. The 8￿stsng members app￿nt managing Irustegs Isoe below) fcdlowing provisic￿S set out in Ihg above goveming conslilutyon. Signffjc&tt deasions con¢eming S￿n Churth arv debated by thè marwing twstees who then make a prowsal lo the m￿berShip, whith is decKled by a vote. Publlc benefft Th8 church acknowledges its requiremenl lo demonstrate d8arly that it musl ha¥e L*ati1&40 wrposes that are for the public benefft. The ath"wb"es set oul above illustrate the p￿11¢ pnm'ded this year. Trnstees (Deacons) Baptist Union Corp￿th"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 Prin￿S Risb0￿￿7 Bl￿k1￿JhaM$h1r6 HP27 OSP Page 2 Speen Baptist Church Report of the Trustees for the Year Ended 31st December 2024 Tru3teeJ Ms J E Heam Iresigned 27.3.25} SJCBoolh J P H Entsvis M5AL￿ght Revd T R Del Ms L J Pearce lapwnled 27.3.251 Ms S Leath lappoinled 27.3.251 Independent Ex•mlner l A Tobutt FCCA T¢)butt & Co 132 North￿ptOn Lane North Moulton Northampton NN3 7QW AFyoved ty (xder of the board of trustees on .......... . and signed on ils tehaw ty.. JPH 4isle- Trustee Page 3 Independent Examinerfs Report to the Trustses of Speen Baptist Church Independent examiners report to the trustees of Speen Baptlst Church I report lo the charity ￿￿St88S on my examinat￿} of of s￿èn Baptist Churth {the Trusll for the ye8r ￿ded 31st DeC￿ber 2024. Re4)onslbllltle8 and ba818 of report As the charity trustees of the Trust you are responsible for the preparatif￿ of the a¢¢ounts in ￿nce with th8 rewirements of Ihe Charitses Act 2011 I'the Acr) I report in res￿(1 of my oxaminalitJTr of Ihe Trusf$ 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 Sec*on 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 regul￿ment that a¢counts give a true and fa'r view whth is not a mattgr C￿sSIdered as part of an i￿pendent examination. I have r￿¥ ccxwns arKI have ccffle ￿058 no other rr￿tterS in conneth.on ￿1￿ the examination to whi attenti￿ sth)uld t* dravn in this re¥xirt in order lo en*Ae a PYOFer ur)JWstw￿1ng ¢A the a￿￿nts to te reached. l A Totmjtt FCCA TObl￿ & Co 132 Northampton L￿0 North Moulton Northam NN3 7QW Date.....1PJ￿￿4 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$tr'thd lund funds Notes INCOME A14D ENDOWMENTS FROM Ct)nab'ons and legacies 1￿,872 249,73J 61,752 Ch*rhablfj actlvlues Grant inc£sme 850 10,050 (Thher Iradiro activities Inveslmenl income 2,795 12 2,795 3,084 879 To¢41 72,515 181,751 254,2e6 74,893 EXPENDITURE ON Raising funds 254 3,916 3,120 Charltable aclmttes Cost of charitable activities 63,643 65,143 58.916 Total 67.305 1.754 69.059 NET INCOME Transfers betr*￿en funds Other recognlsed galn&l{108ses) Gains on revJuation crffix&J assets 5,210 179,997 146.053) 185.207 12,857 13 139,2 51,519 19),769 &S.148 Net movement In funds 1￿.513 185,463 375,976 69,C(J5 RECONCILIATION OF FUNDS Total broWIt fc#ward 532.e63 1.772,450 2,XJ5,113 2.236,108 TOTAL FUNDS CARRIED FORWARD 723,178 1,957,913 2,681,089 2,305,113 ￿te8 fomi part of these fin8rual statements Page 5 Speen Baptlst Church Balance Sheet 31st December 2024 2024 Total fijnds 2023 Total fvnd$ Vnrestricted fvnd Restn'cted funds Notss FIXED ASSETS Tangl￿e 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.. n￿lsIe- Tiustee The notes fom part of these financ4al stat￿ents 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 t*en prepargj in ￿rdance with the Charities SORP IFRS 1021 Accy)unting and ReFK9￿ng by Chariti'es.. Statement of Recommgnded Practice ap[Aira￿e to d)arities pr8pariNJ th&r accounts in accordance with the Finanaal ReFXYting Standard appliCa￿e in the UK aThJ Republic of IrelarKI IFRS 102} leffecb've 1 January 20191.. Finarrial Reports"r*J 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 th￿r 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 0￿8 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)I￿ation ¢ommittiThJ the chanty to that eX￿ndItUre, 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 ￿tiVi￿eS a ba￿ Consist￿rt with the use rf re￿reas. 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 I￿ured amourn as Ihis is dgemed the most aFvopriate bass for valuiro the assets. Taxatlon Tr￿ thanty is exempt frcrfn tax on its ￿18￿10 ac*wties. 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 0￿rat85 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 C￿nationS 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 2￿4 2023 Inte￿st 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 charita￿e 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 FIna￿e Totsls Cost of charita￿e ￿tr.￿ties 782 TRUSTEES. REMUNERATION AND BENEFITS ring the year, Rev T Beller received remuneratson of £26,o89(2￿23- £24,604}. Tn￿lee•. expenses t￿ring Ihe year. m¢mb¢rn ￿ the bcgrd of trustees - Ms J P&¥ce aThJ Mr J En￿1818 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 inonatlons and legacles Donations 50,430 8.932 500 1,89) 11,194 180,618 Lega¢ies H811 hire 249,730 61.752 othertradlng adlvltles S￿21 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,c￿9 24,eJ)4 6,111 3,541 2,724 4,019 P8ns¢ons Rates and water Insuran Light and heat Telephcfje Postage stati￿ry 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