# **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024** 

## **WELL BAPTIST CHURCH** 

**CHARITY REGISTRATION No: 1142161** 

Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester PO20 7EG 

1 



## **WELL BAPTIST CHURCH** 

## **CONTENTS** 

|Page 3|Legal and Administrative Information|
|---|---|
|Pages 4 to 6|Trustees' Report|
|Page 7|Independent Examiner's Report to the Trustees|
|Page 8|Statement of Financial Activities|
|Page 9|Balance Sheet|
|Pages 10 to 18|Notes to the Financial Statements|



2 



## **WELL BAPTIST CHURCH** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

## **CHARITY NUMBER** 

1142161 

**DATE OF REGISTRATION** 31st May 2011 **START OF FINANCIAL YEAR** 1st January 2024 **END OF FINANCIAL YEAR** 31st December 2024 **CUSTODIAN TRUSTEE** North Western Baptist Association **MINISTERS** Rev Rick Oldland - Senior Pastor Rick Hooke - Campus Pastor Ansdell 

**TRUSTEES** Rick Oldland Steve Hobin Rick Hooke Stewart Whitley Alan Buckley **SENIOR LEADERS** Alan Buckley Stewart Whitley Steve Hobin Vida Caplin Alyson Hobin Mike Banner **LEGAL STATUS** Unincorporated Charity **GOVERNING INSTRUMENT** Constitution Adopted 17th January 2010 

## **OBJECTS** 

The Church exists to proclaim the Christian Faith and to serve the local community through its work and witness.  Its purpose is to turn people into fully devoted followers of Jesus Christ. 

**CORRESPONDENCE ADDRESS** Ansdell Road North Lytham St Annes Lancashire FY8 4EZ **CUSTODIAN TRUSTEE ADDRESS** The Resource Centre Fleet Street Wigan Lancashire WN5 0DS **PRIMARY BANKERS** CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ **INDEPENDENT EXAMINER** K Gomes Independent Examiners Ltd The Grain Store, Hills Barns Appledram South Lane, Chichester PO20 7EG 

3 



## **WELL BAPTIST CHURCH** 

## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024** 

## **Overview** 

We are an evangelical charismatic church based in Lancashire filled with people from different walks of life. We are ordinary people whose lives have been changed by meeting with an extraordinary God. Jesus said those who committed their lives to Him would be "born again" - a new life, free of the past, would begin centred on a personal relationship with Him as Lord. 

## **Objectives** 

**i** - To be a people who are getting healed up in the Father's Love so that we can live and serve out of pure hearts. 

**ii** - To be a safe place for people to grow in God's love and gifts. 

**iii** - To be a people moving out of vision not ambition. 

**iv** - To be a centre of resource for renewal and revival, to the local and wider church and the community we serve. 

**v** - To be an apostolic church, drawing from the nations sending to the nations. 

We are a member of “Harvest Alliance” group of churches and also a member of the Baptist Union of Great Britain and actively support the aims and goals of these organisations. 

## **Organisational Structure and Decision Taking** 

The Well Baptist Church values the concept of team leadership and is essentially a Cell Church with two main aspects: large enough to celebrate - small enough to care and multiply. We have 2 levels of leadership. Senior leaders have oversight of the whole church and Cell group leaders are responsible for pastoral care, discipling and outreach from groups of around 12 people. 

Extra-budgetary expenditure shall be sanctioned on the basis of the following scale:- 

|Discretion of the Treasurer|Up to £250|
|---|---|
|Discretion of the Treasurer plus one member of the Finance Group|£250 to £500|
|Discretion of the whole Finance Group|£500-£1,250|
|Ratified by the Leadership Team beforehand|£1,250-£2,500|
|Submitted to the Church meeting|Over £2,500|



## **Activities 2024** 

The Well Church continues to provide vital pastoral care and discipleship, walking alongside individuals and families in their spiritual journey and equipping them for daily life. Our mission of ‘Knowing Jesus and Making Him Known’ extends beyond the local context as we actively support church outreach to the nations, standing with global partners in the work of mission and the spreading of the Christian gospel. We also invite guest ministries and host conferences and special events, creating opportunities for fresh teaching, fellowship with other Christian communities, encouragement, and spiritual renewal that strengthens the life of our church. 

4 



## **WELL BAPTIST CHURCH** 

## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024** 

## **Activities Continued** 

At the same time, we remain committed to growing strong local roots that benefit our church and wider community. We plant small groups and train new leaders to develop healthy, sustainable communities of faith, while also ensuring that our physical locations across Blackpool and the Fylde are effective and well maintained as welcoming spaces for all. Over the last year we have partnered with grant making trusts and furthered our plans to upkeep our Grade 2 listed building as places of worship and community for future generations. Our vision is to release life and build genuine connection into our communities, engaging with people of all ages and walks of life so that the gospel can be shared in both word and action to the benefit of all. 

## **Well Community Centre** 

Since taking on the lease of the community centre in 2021 as the nation opened up after Covid lockdown, we have continued to develop and improve the building and its services. The 3 key functions on which we have focused are the provision of services for local people, the extension of our outreach work as a church grounded in its local community, and the provision of a quality resource for local community groups to book at reasonable cost. We have also worked closely with our Borough Council and other statutory bodies and charities to achieve things like welcoming displaced Ukrainian folk and providing Warm Space support for local families. We have found that, though costs are significant, the centre comes close to breaking-even because of bookings and grant funding via which we have been able to access finance to support developments. 

## **Financial review** 

Income for the year amounted to £360,863 (2023 - £248,908) and expenditure £368,636 (2023 - £267,733). The deficit was added to fund brought forward with total funds being £63,520 (2023 - £71,294 ) at the year end. 

## **Policy on reserves** 

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily. 

5 



WELL BAmsf CHURCH
TRUSTEES. REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2024
Trustees. R•sponsibilrti•s
The Trustees are responsible for preparing the Report of the Trustees and the finaftoal statements In
accordance with applicable Law and united Kingdom Accountlng Standards (United Kingdom Generally
Accepted A¢¢ounting Prdcbce).
The Law applicable to cha￿tfjes In England and Wales, The Charities Art 2011, Chartty (Accounts and
Reports) Regulatlons and the provision5 of the trust deed requires the Trustees to p￿pa￿ financial
statements for each finantial year which give a true and fasr view of the state of affairs of the charlty
and of the incoming ￿$OurCeS and application of resources, including the ineome and expenditure of
the cha￿ty for that peri<)d. In preparing those finanaal statements, the trustees are required to..
select suitable accounting policies and then apply them consstenljy:
observe the methods and prinoples in the Charity SORP;
make judgements and estimates that are reasonable and prudent:
prepare the financial statements on the going concern basis Unl￿ it Is Inapproprfate to
presurne that the charity will continue in business.
The Trustees are responsilAe for keepin9 proper acccojnttng records which dixlose with reasonable
accuracy at any time the finanaal position of the Ltharity and to enable them to ensure that the
financial statements comply wlth the Charft(es Act 2011. the Charity (Accounts and Reports)
Regulations and the provisions of the Trust Deed. They a￿ also responsible for safeguarding the
assets of the charity and hence for taking msonable steps for the prevenuon aThJ detsctlon of fraud
and other irregularitles.
Approved by the TnJstees on
1202<
Signed on thelr behalf by Trustee
Printed Name:

## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** 

I report to the Trustees of Well Baptist Church on the accounts for the year ended 31st December 2024 set out on pages 8 to 18. 

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). 

## **Responsibilities and basis of report** 

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

Since Well Baptist Church's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2022 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Charity Independent Examiners, which is one of the listed bodies. 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: 

- the accounting records were not kept in accordance with section 130 of the Charities Act; or 

- the accounts did not accord with the accounting records; or 

- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. 

I have no other concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

K Gomes FCIE MAAT Independent Examiners Ltd The Grain Store Signed : Hills Barns Appledram lane South Chichester PO20 7EG Date: 22.10.25 

7 



## **WELL BAPTIST CHURCH** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024** 

||Notes|Unrestricted|Designated|Restricted|**TOTAL**|**TOTAL**|
|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|**2024**|**2023**|
|||£|£|£|£|£|
|**INCOME AND ENDOWMENTS**|||||||
|**FROM:**|||||||
|Donations & Legacies|3a|186,924|45,003|75,707|307,634|219,093|
|Charitable Activities|3b|11,090|7,970|14,220|33,280|18,777|
|Investment Income|3c|2,647|-|-|2,647|1,586|
|Other Income|3d|5,792|10,740|770|17,302|9,452|
|**TOTAL INCOME**||**206,453**|**63,713**|**90,697**|**360,863**|**248,907**|
|**EXPENDITURE ON:**|||||||
|Charitable Activities|4|137,868|83,035|147,733|368,636|267,733|
|**TOTAL EXPENDITURE**||**137,868**|**83,035**|**147,733**|**368,636**|**267,733**|
|**NET INCOME/(EXPENDITURE)**||68,585|(19,322)|(57,036)|(7,773)|(18,826)|
|Total Funds Brought Forward||17,294|53,500|500|71,294|90,119|
|Transfer Between Funds||(78,497)|7,867|70,630|-|-|
|**TOTAL FUNDS CARRIED**||**7,382**|**42,044**|**14,094**|**63,520**|**71,294**|
|**FORWARD**|||||||



Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. 

The notes on pages 10 to 18 form part of these financial statements. 

8 



WELL BAPTisf CHURCH
BALANCE SHEEr
AS AT 31ST DECEMBER 2024
Total
31-Do¢
2024
Totsl
31-Dec
2023
Unre5trirteLI Deslgnated Restrfcte(I
Funds
Funds
Funds
Flxed Assets
Tangible Assets
Current Assèts
Cash at Bank and in Hand
Debtors & Prepayments
4,662
4.400
42,044
14,094
60.800
4,400
65,820
7,124
Totsl Current Assets
14.094
Credltors: amounts falllng
d*Je wlthln one year
1,680
1.650
NEf CURRENT ASSETSI
(LIABILrrIES)
7.382
42.044
14,094
63.520
71,294
TOTAL ASSEfs less Current
Ilabilities
7,382
41044
14,094
63,520
71,294
Cr•dltors: Long Temi
Liabillt6ès
io
NEf ASSEfs/(UABILZTIES)
7,38
41044
14,094
63,520
71,294
Funds of the Charlty
General Funds
Designated Funds
Re5trirted Funds
7.382
7,382
42,OM
14,094
17,294
53,500
500
42,044
14.094
Total Funds
7,382
41044
14,094
63,520
71,294
gl
/1,1202{
Approved by the Trustees on ....................................
Signed ¢)n their behalf by Trustee .................................................
Pronted Name:
rfi t¥rf/ifj ￿/￿a7 k)Ri/

## **WELL BAPTIST CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024** 

## **1. ACCOUNTING POLICIES** 

## **Basis of Preparation** 

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 2nd addition effective 1 January 2019. 

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. 

## **Assessment of Going Concern** 

Preparation of the accounts is on a going concern basis. The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. 

## **Incoming Resources** 

## _**Recognition of Incoming Resources**_ 

These are included in the Statement of Financial Activities (SOFA) when: 

▪ the charity becomes entitled to the resources; 

▪ the trustees are virtually certain they will receive the resources; and 

▪ the monetary value can be measured with sufficient reliability 

## _**Incoming Resources with Related Expenditure**_ 

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. 

## _**Grants and Donations**_ 

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. 

## _**Tax Reclaims on Donations and Gifts**_ 

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. 

## _**Contractual Income and Performance Related Grants**_ 

This is only included in the SOFA once the related goods or services has been delivered. 

## _**Gifts in Kind**_ 

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. 

## _**Donated Services and Facilities**_ 

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. 

## _**Volunteer Help**_ 

The value of any voluntary help received is not included in the accounts. 

## _**Investment Income**_ 

This is included in the accounts when receivable. 

## _**Investment Gains and Losses**_ 

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 

10 



## **WELL BAPTIST CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** 

## **1. ACCOUNTING POLICIES (continued)** 

## **Expenditure and Liabilities** 

## _**Liability Recognition**_ 

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. 

## _**Governance Costs**_ 

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters. 

## _**Grants with Performance Conditions**_ 

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. 

## _**Grants Payable without Performance Conditions**_ 

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. 

## _**Support Costs**_ 

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, e.g. allocating property costs by floor areas, or per capital employed, staff costs by the time spent and other costs by their usage. 

## _**Investments**_ 

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. 

## _**Unrestricted Funds**_ 

These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities. 

## _**Restricted Funds**_ 

These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of the regular appeals for special offerings made for specific purposes. 

## _**Designated Funds**_ 

These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects. 

## **2. TANGIBLE FIXED ASSETS** 

## **Land Buildings and Equipment** 

The Church writes off the value of fixtures and fittings, computers and equipment in the year of purchase. The church premises are considered to be inalienable and historic fixed asset and are excluded from the Balance Sheet because reliable cost information is not available and valuation would incur significant costs which would be onerous compared with the additional benefit gained by the user of the accounts. Amortisation has not been charged on the Church Land & Buildings, because in the opinion of the Trustees, the residual value of the asset is not less than the original cost price. The insurance value of the premises is £5,308,498 and the contents a further £105,009. 

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 

31st December 2023 : None 31st December 2022 : None 

11 



## **WELL BAPTIST CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** 

## **3. INCOME AND ENDOWMENTS** 

||Notes|Unrestricted|Designated|Restricted|**TOTAL**|**TOTAL**|
|---|---|---|---|---|---|---|
|||Fund|Fund|Fund|**2024**|**2023**|
|||£|£|£|£|£|
|**a) Donations & Legacies**|||||||
|Donations & Offerings||186,924|435|956|188,315|192,566|
|Grant Income|6|-|44,568|74,751|119,319|26,527|
|||**186,924**|**45,003**|**75,707**|**307,634**|**219,093**|
|**b)  Charitable Activities**|||||||
|Conference Income||3,306|-|-|3,306|-|
|Building Fund||110|7,970|-|8,080|1,825|
|Little Wellies Income||1,191|-|-|1,191|1,532|
|Messy Church||1,961|-|-|1,961|1,865|
|Missions Income|6|236|-|2,928|3,164|326|
|Lighthouse||4,006|-|-|4,006|3,176|
|Hall Rent||280|-|11,292|11,572|10,053|
|||**11,090**|**7,970**|**14,220**|**33,280**|**18,777**|
|**c) Investment Income**|||||||
|Bank Interest||2,647|-|-|2,647|1,586|
|||**2,647**|**-**|**-**|**2,647**|**1,586**|
|**d) Other Income**|||||||
|Refunds & Repayments||5,792|10,385|-|16,177|-|
|Other Income||-|355|770|1,125|9,452|
|||**5,792**|**10,740**|**770**|**17,302**|**9,452**|



12 



## **WELL BAPTIST CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** 

## **4. EXPENDITURE ON:** 

||Notes|Unrestricted|Designated|Restricted|**TOTAL**|**TOTAL**|
|---|---|---|---|---|---|---|
|||Fund|Fund|Fund|**2024**|**2023**|
|||£|£|£|£|£|
|**a) Charitable Activities**|||||||
|Bank Charges||380|-|-|380|473|
|Catering & Cleaning Costs||1,726|-|9,752|11,478|8,794|
|Charitable Missions|6|3,485|-|65,134|68,619|74,509|
|Conferences Costs||1,923|||1,923|-|
|Equipment Costs|6|3,142|351|2,990|6,483|11,274|
|Gardening Costs||1,188|-|-|1,188|1,365|
|Gifts & Donations||3,273|-|-|3,273|2,931|
|Intern Costs||-|-|-|-|1,413|
|Little Wellies||232|-|-|232|265|
|Lighthouse||4,013|-|-|4,013|3,038|
|Messy Church||3,262|-|-|3,262|3,683|
|Mini Bus Purchase and Costs|6|1,698|-|129|1,827|15,604|
|Music Ministry||883|-|-|883|1,406|
|Office Costs||464|-|-|464|516|
|Outreach|6|922|-|101|1,023|1,099|
|Repairs & Maintenance|5 & 6|2,734|82,272|43,055|128,061|19,108|
|Speakers Expenses||2,147|-|-|2,147|1,603|
|Staff Costs|12|81,634|-|10,659|92,293|86,181|
|Staff Expenses||1,654|-|1,513|3,167|2,578|
|Sundry Expenses|6|3,685|-|5,592|9,277|3,823|
|Telephone & Media Costs||1,025|-|627|1,652|1,700|
|Training Costs||947|-|35|982|1,602|
|Utility Costs||4,845|-|7,328|12,173|10,276|
|Utility Costs - Manse||5,974|-|-|5,974|5,690|
|Youth & Children's Work||76|-|233|309|297|
|Independent Examiner's Fee||1,680|-|-|1,680|1,650|
|Insurance Costs||4,876|412|585|5,873|6,855|
|||**137,868**|**83,035**|**147,733**|**368,636**|**267,733**|



13 



## **WELL BAPTIST CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** 

## **5. DESIGNATED FUNDS** 

|**CURRENT FINANCIAL YEAR**<br>Building Fund<br>**PREVIOUS FINANCIAL YEAR**<br>Building Fund<br>Minibus Fund|**Balance**<br>**Balance**<br>**01-Jan-24**<br>Income<br>Expenditure<br>Transfers<br>**31-Dec-24**<br>£<br>£<br>£<br>£<br>£<br>53,500<br>63,713<br>83,035<br>7,867<br>42,044|
|---|---|
||**53,500**<br>**63,713**<br>**83,035**<br>**7,867**<br>**42,044**|
||**Balance**<br>**Balance**<br>**01-Jan-23**<br>Income<br>Expenditure<br>Transfers<br>**31-Dec-23**<br>£<br>£<br>£<br>£<br>£<br>44,771<br>2,890<br>7,552<br>13,391<br>53,500<br>-<br>15,775<br>17,252<br>1,477<br>-|
||**44,771**<br>**18,665**<br>**24,804**<br>**14,868**<br>**53,500**|



The designated funds held are wholly represented by the Charity's cash reserves. 

## **6. RESTRICTED FUNDS** 

|**CURRENT FINANCIAL YEAR**<br>Cambodia Fund<br>Well Capex Reserve<br>Well Community Centre<br>Special Offerings<br>Philippines<br>Uganda Mission<br>Fylde Youth Grant<br>Work Grant Comm Centre|**Balance**<br>**Balance**<br>**01-Jan-24**<br>Income<br>Expenditure<br>Transfers<br>**31-Dec-24**<br>£<br>£<br>£<br>£<br>£<br>-<br>270<br>9,105<br>9,665<br>830<br>-<br>-<br>-<br>5,750<br>5,750<br>2,783<br>-<br>42,539<br>40,429<br>673<br>-<br>-<br>665<br>1,552<br>887<br>-<br>-<br>2,909<br>5,575<br>4,754<br>2,088<br>625<br>-<br>48,901<br>48,901<br>625<br>2,658<br>-<br>919<br>-<br>1,739<br>-<br>44,314<br>41,251<br>-<br>3,063|
|---|---|
||**500**<br>**90,697**<br>**147,733**<br>**70,630**<br>**14,094**|



14 



## **WELL BAPTIST CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** 

|**Restricted Funds**<br>**PREVIOUS FINANCIAL YEAR**<br>Cambodia Fund<br>Well Community Centre<br>Special Offerings<br>Uganda Mission<br>Fylde Youth Grant|**Balance**<br>**Balance**<br>**01-Jan-23**<br>Income<br>Expenditure<br>Transfers<br>**31-Dec-23**<br>£<br>£<br>£<br>£<br>£<br>-<br>220<br>11,553<br>11,333<br>-<br>171<br>-<br>21,456<br>26,958<br>2,890<br>2,783<br>-<br>-<br>841<br>1,256<br>415<br>-<br>3,462<br>8,470<br>56,184<br>44,877<br>625<br>8,000<br>800<br>5,492<br>650<br>-<br>2,658|
|---|---|
||**11,291**<br>**31,787**<br>**101,443**<br>**58,865**<br>**500**|



**Uganda Mission Fund** -  Donations for mission support through David Atkinson in Uganda. 

**CAMBODIA** - Donations that help missionary work in Cambodia, specifically our member Christine Stacey. **BLACKPOOL RELIEF FUND** - to help needy in and around Blackpool. 

**FYLDE YOUTH GRANT** -  Grant to finance Youth Work in the borough. 

**Trust Account Fund** - Well Baptist Church was approached by a church member to act as custodian of a sum of money to be used for charitable purposes at their discretion. 

The restricted funds held are wholly represented by the Charity's cash reserves. 

|**Funds Summary**<br>Designated<br>Restricted<br>Unrestricted|**Balance**<br>**Balance**<br>**01-Jan-24**<br>Income<br>Expenditure<br>Transfers<br>**31-Dec-24**<br>53,500<br>63,713<br>83,036<br>7,867<br>42,044<br>500<br>90,697<br>147,734<br>70,630<br>14,094<br>17,294<br>206,453<br>137,868<br>78,497<br>-<br>7,382|
|---|---|
||**71,294**<br>**360,863**<br>**368,638**<br>**-**<br>**63,520**|



15 



## **WELL BAPTIST CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** 

## **7. CASH AT BANK AND IN HAND** 

|Current and Savings Accounts<br>Well Gift Aid Account<br>Baptist Union Savings Account|Unrestricted Designated<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>Fund<br>**31-Dec-24**<br>**31-Dec-23**<br>£<br>£<br>£<br>**£**<br>**£**<br>110<br>-<br>42,044<br>14,094<br>56,028<br>65,820<br>2,624<br>-<br>-<br>2,624<br>2,624<br>2,148<br>-<br>-<br>2,148<br>2,148|
|---|---|
||**4,662**<br>**42,044**<br>**14,094**<br>**60,800**<br>**70,592**|



## **8. DEBTORS AND PREPAYMENTS** 

|Gift Aid Tax Recoverable|Unrestricted Designated<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>Fund<br>**31-Dec-24**<br>**31-Dec-23**<br>£<br>£<br>£<br>**£**<br>**£**<br>4,400<br>-<br>-<br>4,400<br>7,124|
|---|---|
||**4,400**<br>**-**<br>**-**<br>**4,400**<br>**7,124**|



## **9. CREDITORS ACCRUALS AND DEFERRED INCOME: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Independent Examiners Fees|Unrestricted Designated<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>Fund<br>**31-Dec-24**<br>**31-Dec-23**<br>£<br>£<br>£<br>**£**<br>**£**<br>1,680<br>-<br>-<br>1,680<br>1,650|
|---|---|
||**1,680**<br>**-**<br>**-**<br>**1,680**<br>**1,650**|



## **10. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** 

The Charity held no long term labilities during this or the previous financial period. 

## **11. ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

|Net Current Assets<br>**TOTAL FUNDS**|Unrestricted Designated<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Fund<br>Fund<br>Fund<br>**31-Dec-24**<br>**31-Dec-23**<br>£<br>£<br>£<br>£<br>£<br>7,382<br>42,044<br>14,094<br>63,520<br>71,294|
|---|---|
||**7,382**<br>**42,044**<br>**14,094**<br>**63,520**<br>**71,294**|



16 



## **WELL BAPTIST CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** 

## **12. STAFF COSTS AND NUMBERS** 

|**12. STAFF COSTS AND NUMBERS**|||
|---|---|---|
|Gross Wages and Salaries<br>Employer's National Insurance Costs<br>Employer's Pension Contributions<br>Pension Deficit Reduction Contributions|**2024**<br>**TOTAL**<br>£<br>80,355<br>5,972<br>5,966<br>-<br>**92,293**|**2023**<br>**TOTAL**<br>£<br>74,231<br>5,972<br>5,966<br>12|
|||**86,181**|



Employees who were engaged in each of the following activities: 

|Charitable Activities|**2024**<br>**TOTAL**<br>3<br>**3**|**2023**<br>**TOTAL**<br>4|
|---|---|---|
|||**4**|



The Charity operates a PAYE Scheme to pay all employed members of Staff. No employees received emoluments in the range of £50,000 to £60,000 (2023:None) 

## **13. PAYMENTS TO TRUSTEES AND RELATED PARTY TRANSACTIONS** 

The custodian trustee of the church is the North Western Baptist Association. 

The church is also a member of the Baptist Union of Great Britain, and the North West Baptist Association. 

## **Custodian Trustees** 

No payments were made to the custodian trustees or any persons or organisations connected with them during this financial period. No material transaction took place between the charity and the custodian trustee or any person or organisation connected with them. 

## **Ministers and Senior Leaders** 

The Minister Mr Rick Oldland lived in the Manse which is wholly owned by the Church. He received £34,812 (£33,259:2023) regarding salary and expenses. Pastor Rick Hooke received £29,534 (£28,207:2023) with respect to a salary. 

No other payments were made to Ministers, Elders, Senior Leaders or any persons connected with them during this financial period. No other material transaction took place between the charity and a Ministers, Elders, Senior Leaders or any person connected with them. 

17 



## **WELL BAPTIST CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024** 

## **14. GOING CONCERN** 

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. 

## **15.Risk management** 

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. 

## **16. PUBLIC BENEFIT** 

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. 

## **17. PENSIONS** 

The Senior Pastor (Rick Oldland) is a member of the Baptist Union defined contribution scheme in which both the church and Rick make specified contributions. The Campus Pastor Ansdell (Rick Hooke) is a member of a SIPP (Self Invested Pension Plan) funded by the church and Rick. The church is subject to the auto enrolment government scheme and the church meets the criteria required. 

18