## BROMLEY BAPTIST CHURCH ## ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 REGISTERED CHARITY NUMBER 1145850 Legal & Administrative Details Charity Number: 1145850 Registered Address: Bromley Baptist Church, Park Road, Bromley, Kent BR1 3HJ Governing Document: Constitution dated 4 October 2009 amended 25 July 2021 Trustee Board Mrs Jemima Aaron (reappointed December 2024) Ms Fawzia Abd Elnour (appointed May 2024) Mr Nicholas Arnold (appointed May 2024) Rev’d Dr Stephen Langford (appointed February 2024) Mrs Clare Morris (reappointed May 2024) Mr Iozeph Okosieme (reappointed May 2024) Mr Jonathan Smith (tenure concluded June 2024) Mrs Janice Tibble (reappointed December 2024) Church Officers/Staff: Mr Michael Meerloo, Caretaker Mr Rahmatolla Tavakkoli, Finance Administrator Ms Nikki Williams-Prescott, Church Administrator Bankers: CAF Bank Limited 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ Independent Examiner: Ms Katherine Dee Begbies Chartered Accountants 9 Bonhill Street London EC2A 4DJ Trustees’ Report ## **Objectives and Activities** The principal purpose of the church is the advancement of the Christian faith according to the Declaration of Principles of the Baptist denomination. The charity may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world. ## **Public Benefit** The Trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission general guidance on public benefit and believe that the church’s activities and achievements as set out elsewhere in this report demonstrate success in this regard. ## **Summary of Activity** The period under review saw the church fulfilling its objectives. In the year ending December 2024, we welcomed an Interim Minister to oversee our ministry and prepare the church to appoint a permanent Minister. Rev’d Dr Stephen Langford started his ministry at the church in February 2024. We continued to meet the objectives of the church by meeting in person and online. Sunday worship services were held in the church building and streamed via YouTube, and our children and young people meet for Sunday School on Sunday mornings. The provision of regular services of Christian worship on Sundays and at other times is central to the work and witness of the church. Our teaching programme is intentionally designed and developed to engage the whole church community in knowing Jesus better, living out his teaching day to day, and advancing the Christian faith. Our three, weekly, online prayer meetings continued; and two coffee mornings, one online and one in person. The inperson coffee morning is held at a local café in the town centre; this gives us a visible presence in the community and enables us to support a local business. It is led by two church members who offer pastoral support to the various people who come. The addition of Thursday Study Nights has given the congregation a chance to delve deeper into the Bible and to look at the theology and doctrines that surround it. We offer a wide range of regular activities for families, children and young people: Contact, Quavers, Dads’ Pop-in and Pathfinders. We are a church that is active in the community in central Bromley, and during the year have sought to benefit those in our community through Friends International, Bromley Borough Foodbank, liaison with the Bromley Town Centre Chaplain, and support for the work of Churches Together in Central Bromley. Details of the activities of the church can be found on our website www.bromleybaptist.com. Trustee meetings and Church Family Meetings are held in person. The Trustees continued to meet monthly to discuss business and practical matters, and to pray for the life of the church. The number of Church Family Meetings held during the reporting period was six, including the AGM. ## **Prayer and pastoral support** With the oversight of Rev’d Dr Stephen Langford, a pastoral team was established. This created a structured approach to support the congregation, offering spiritual, emotional and practical assistance to those in need. The team met regularly – approximately every six weeks – to discuss the needs of the congregation and prayerfully consider how they can be helped. We have seen an increased need of individual households requiring support within the community. Additional financial difficulties are affecting those who already have needs, increasing their burden. Monday, Thursday and Friday prayer meetings pray for members and friends, accepting prayer requests from people. Our Sunday prayer corner remains open, with a regular team of volunteers to support those who wish to have quiet prayer after the service. We added a ‘Blue Christmas’ service to our Christmas calendar this year. This service is intended to offer comfort and support to those finding the Christmas season difficult because of loss, loneliness or other personal struggles. ## **Meeting the needs of our community** The church continues to take an active role in supporting Bromley Borough Foodbank through donations of food, volunteering at distribution centres in the borough, and sorting foodstuffs at the warehouse. This has seen an increase in recipients, with the cost of living increasingly causing greater hardship in the community. Al-Anon continue to use our premises for their weekly meetings free of charge, and our premises are also used weekly by local charity organisations for sessions and meetings. Torch Trust meets on the premises to support those in the community living with sight loss. Specially assisted services are held monthly in the church hall. Friends International meet weekly to support new arrivals in our community with language lessons and social support over a cup of coffee. ## **Working with children, families and young people** Our work with children and young people continues. All areas of children’s work attract children from the local community and provide us with the opportunity to build positive relationships with them and their families, and to share the Christian faith with them. We continue to provide two toddler groups – Contact on a Wednesday morning and Quavers on a Friday morning – both very well attended. Our monthly Dads’ Pop-in session continues to grow in number. Children play and do craft activities while their parents meet alongside members of the congregation. In collaboration with St John the Evangelist our young people formed a joint 11–18 youth group. Meeting regularly on a Sunday evening, this group seeks to give young people a better understanding of the Bible through games and activities. 2024 saw the closure of Boys’ Brigade at Bromley Baptist Church. We are grateful to all those who have helped and supported the 8th Bromley over its many decades of service to the boys and young men of Bromley. The dedication of Brigade helpers and leaders has inspired generations of young people in the Christian faith. On Easter Sunday we held a family service when families from our children’s groups were invited to come to learn about the Easter story and celebrate with us. The event culminated with children taking part in an Easter egg hunt throughout the church. In July we had a family day out to Broadstairs beach; we left church on a large coach, spent the day on the beach and, although the weather was damp, spirits were high. The Light Party has become an annual favourite among the children and young people in our community. As an alternative to Halloween, children play games and activities to signify that Jesus is the light in the darkness. Alongside our more traditional Christmas services, we included a family Christmas fun service. Families were invited to come dressed as their favourite nativity character and be a part of the Christmas show. Lots of carols were sung, pastries and chocolates were consumed, and gifts were distributed. ## **Missionary support and the wider world** We have continued to support several missionaries and other Christian workers, both in the UK and overseas, through financial donations and prayer. Our Birthday Thank Offering generated funds for several additional organisations, suggested and selected by the church membership. The community gathered shoeboxes over the Christmas period to send to Link to Hope and at our Christmas Day service we had a special offering for Christian Aid’s Christmas appeal. ## **Achieving our aims** As stated above, the principal purpose of the church is the advancement of the Christian faith according to the Declaration of Principles of the Baptist denomination. We measure our success in the number of people we reach through our activities. By continuing to broadcast our Sunday worship online, we have expanded our reach through YouTube thus allowing those who could not previously access the church physically to join us in worship. We measure our success in our mission objectives by the gifts we give, despite the economic difficulties we face as a community. Mission activities are undertaken through giving grants to Baptist mission organisations such as BMS World Mission and Home Mission, to Operation Mobilisation and to missionaries, along with smaller gifts to other local, national and international organisations. By giving to these groups along with other donors, we seek to contribute to the advancement of the Christian faith outside Bromley in a more effective way than we could do alone. This year the Trustees commissioned a quinquennial report on the church building. The report covered architectural, historical and structural details of the building, drawing together recommendations for repairs and alterations that will benefit the building in the years to come. ## **Personnel** We thank Michael Meerloo who continues to look after the church premises. Thanks go to Rahmatolla Tavakkoli, for his work on the church finances as Finance Administrator. We are grateful to Nikki Williams-Prescott for her continued work as Church Administrator. The charity makes decisions through its Trustee Board. Decisions are taken to the church for approval in line with the Constitution. As is usual with church organisations, our ministers are Trustees in addition to members of the congregation. ## **Finance Review** Income for 2024 was £172,241 compared to £226,659 in 2023. Income fell due to no legacies being notified during the year. The majority of the income is made up of voluntary donations through offerings at church services and meetings, although one of the manses was let during the year whilst temporarily not occupied by a minister. The balance sheet still includes a property that the church received as a legacy in 2021. It was agreed at Special Church Family Meeting (28 November 2021) that the property would be sold as soon as practicable rather than held for use by the charity. During the year the property was marketed and the sale completed in March 2025 after the financial year end. The property has been revalued to the level of the sale proceeds in these accounts. Expenditure for 2024 was £225,429 compared to £245,520 in 2023 as reduced mission expenditure was not fully replaced by the costs of employing the new minister. The year under review generated a surplus of £12,744 compared to the prior year deficit of £18,861 due to the revaluation of the legacy property. Total funds at the balance sheet date stood at £2,671,497 of which £13,232 is restricted. Of the £2,658,265 unrestricted funds, £1,668,135 is held in a designated fund representing the resources the charity has invested in its assets, including the church and manses, and so is not available for general expenditure. The charity had £990,129 of free reserves at the balance sheet date, but £495,933 will only be accessible once the legacy property has been sold. ## **Reserves Policy** The church’s reserves policy is to hold reserves for the purpose of protecting the work of the church in the short term should income not be sufficient or if the church should need to cease/curtail its activities. The Trustees’ policy on free reserves is £75,000 which represents approximately 3 months’ running costs. The property of the church is held in trust by the Baptist Union at a value of £2.16m. The church building is included in the accounts at the 2012 rebuilding cost and the manses at market value in 2013. There are no reserve funds in deficit. The free reserves of the church will be used for future operating purposes. The Trustees are satisfied with this position. ## **Structure, Governance and Management** Bromley Baptist Church is a charity governed by its Constitution dated 4 October 2009 amended 25 July 2021. The Trustees are appointed by the Church Family Meeting, and all serving ministers shall be Trustees because of their role and responsibilities. New Trustees are provided with a copy of the Constitution and advised of their duties and responsibilities as Trustees. Trustees are encouraged to attend training sessions provided by the Baptist Union. The church is affiliated to the Baptist Union of Great Britain and the London Baptist Association. The London Baptist Property Board is the legal owner of the church property and holds the property on trust for the charity. ## **Risks** The Trustees have assessed the major risks facing the charity and are satisfied that there are policies and practices in place to minimise risks. Damage to our church building or manses is a major risk and appropriate insurance policies are in place to minimise this risk. The charity also has in place safeguarding policies to minimise the risk to our congregation, and health and safety policies which have been reviewed in the period to ensure that they are adequate following the Covid pandemic. ## **Plans for the future** The charity aims to continue meeting its charitable objectives through giving gifts to mission organisations and active service in Bromley. The Trustees expect to use the legacy we have been given to maintain, and perhaps expand, our activities and to support the charity through uncertain times. ## **Statement of Trustees’ Responsibility** The Trustees are responsible for the governance of the church and the fulfilment of the objectives through its activities acting according to the will of God as discerned by the Church Family Meeting and subject to any specific or general directions of the Church Family Meeting. The Trustees shall keep in an appropriate state of repair, and insure to their full value against fire and other usual risks, all the buildings of the charity (except where the responsibility is of a third party where they shall use reasonable endeavours to ensure that the third party does so). They must ensure that suitable public liability and employer’s liability insurance is in place. In so far as the Trustees are aware: - there are no funds materially in deficit; - the church raises the significant majority of its funds from within its own membership and congregation; - all expenditure supports the key objective of the charity. The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally 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 view of the state of affairs of the charity and of the incoming resources and application of resources and application of resources of the charity for that year. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make adjustments and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity, and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (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. ## **Declaration** The Trustees declare that they have approved the Trustees' Report above. Signed on behalf of the charity's Trustees on: **----- Start of picture text -----**
Mr I Okosieme Secretary
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Mr J Smith Finance Officer
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## **Independent Examiner’s Report to the Trustees of Bromley Baptist Church** I report to the trustees on my examination of the accounts of the above charity (“the charity”) for the period ended 31[st] December 2024. Responsibilities and basis of report 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”). I report in respect of my examination of the Trust’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 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 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. KATHERINE DEE FCA CTA BEGBIES CHARTERED ACCOUNTANTS 9 BONHILL STREET LONDON, EC2A 4DJ Date: 21/10/25 ## **BROMLEY BAPTIST CHURCH** ## **Year ended 31[st] December 2024** ## **Statement of Financial Activities** ## **BROMLEY BAPTIST CHURCH** ## **As at 31[st ] December 2024** ## **Balance Sheet** ||**Balance Sheet**||| |---|---|---|---| |||**2024**|**2023**| |||**Total**|| ||Notes|**f**|£| |**Fixed assets**|||| |Tangible assets|6a|1,668,135|1,692,736| |**Current assets**|||| |Legacy gifted property for sale
Debtors
Cash at bank and in hand|6b
7|495,933
18,603
519,423|430,000
40,138
526,911| |Total current assets||1,033,959|997,049| |**Current liabilities**|||| |Creditors: amounts falling due|**8**||| |within one year||30,598|31,033| |Net current assets||1,003,361|966,m.6| |**Net assets**||**2,671,497**|**2,658,752**| |**The funds .of the charity**|||| |**Unrestricted funds**|**9**||| |Fixed asset reserve
General reserve
**Total unrestricted funds**||1,.
,135
990,129
2r658,265|1,692,736
949,103
2r641,840| |**Restricted funds**|||| |Children's fond||9,063|9,063| |Hardship fund||750|750| |Mission Organisations|||| |Groups and Clubs||3,419|7,100| |**Total restricted funds**||13,232|16,913| ## **·I Funds Tota** Notes on pages 1 o - 20 form part of these accounts. Approved by the Church Trustees: Mc N Arnold Mr lozeph Okosieme Mr J Smith Treasurer () Finance Officer Date: P LX meeSecretar4 ; D - 17/10/25 . **BROMLEY BAPTIST CHURCH Year ended 31st December 2023 Notes to the accounts** ## **Note 1** ## **Accounting Policies** ## a.) Basis of accounting The financial statements have been prepared in accordance with the Charities Act and FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (FRS 102) “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102 – Charity SORP (FRS102) Revised) and UK Generally Accepted Accounting Practice as it applied from 1 January 2019. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The 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 are prepared in sterling, which is the functional currency of the charity. ## Going concern At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the next 12 months. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts. ## b.) Mission giving The church, under the direction of the Trustees, makes donations to individuals and organisations that complement and support the objects of the church. When church members contribute directly to the mission giving of the church the income and expenditure are accounted for by the church and are included in the financial statements. ## c.) Scope of the financial statements The church benefits substantially from the voluntary unpaid service and active participation of its members. Indeed, it could hardly function without it. However, in accordance with the Charities SORP, no attempt has been made to value this intangible resource, and it is not included in the financial statements. ## d.) Tangible fixed assets Property of the church includes the church building and residential houses (Manses). These assets were first capitalised in 2012 when the first set of accounts for the charity were produced. The valuations of the houses were based on best market estimates at the time of capitalisation and this is treated as the cost going forward for accounting purposes. The church building was valued at its rebuilding cost when capitalised of £900,000 which is materially below the market value of the building. The cost of the land has not been separated from the building as allowed by the SORP where the costs of doing so outweigh the benefits to the user. Should the Trustees decide to revalue the freehold land and buildings in the future the market value of this land and buildings will be included in the balance sheet. Depreciation Depreciation is provided on the freehold buildings of the church over an estimated useful life of 150 years. Other assets are depreciated over their useful life as follows: Fixtures and Fittings 5 years Equipment 3 years Impairment of Fixed assets At the end of each year the charity reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication of those assets being impaired or damaged. If this is the case the recoverable amount of the asset is estimated in order to determine the extent of the impairment. ## **e.) Income** Income from gifts is generally accounted for when received, except that the tax recoverable in respect of gifts under the Gift Aid scheme is recognised at the same time as the gifts to which it relates. "Gifts and donations" in the financial statements therefore represents cash received in gifts and donations during the year, together with the tax recoverable on them. Deferred Income relates to income given to the church for a future period. Letting income is received from activities held at church premises when not being used for church activities. Letting income is irregular and accounted for as received. Rent from the surplus manse is recorded as investment income on a receivable basis. Legacies are included when the church is entitled to the gift and a value can be reasonably estimated. ## **f.) Church groups** In accordance with the SORP certain groups which hold activities at the church, but have no separate legal identity, are included in the accounts. As the funds raised by the groups are for their own purposes, rather than the charity as a whole, these are shown as restricted income and expenditure. ## **g.) Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual basis. Expenditure is allocated directly to the area of charitable activity which it supports where this can be determined. Support and governance costs are allocated to the category of general church work as this is the main activity undertaken by charity, and any time and resources incurred in support of administering special purpose funds, raising funds or hosting church groups are minimal. ## **h.) Grants and gifts** Funds that are raised for specific purposes through church collections are shown as restricted income and expenditure and are not accounted for as unrestricted grants as these are not made at the discretion of the trustees. ## **i.) Cash and Cash Equivalents** Cash and cash equivalents include cash in hand and bank deposits. ## **j.) Financial Instruments** The charity has elevated to apply the provisions of Section 11 “basic financial instruments” and Section 12 “Other financial instruments Issues” of FRS 102 to all of its financial instruments. Financial Instruments are recognised in the charity’s balance sheet when the charitable company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## **Basic financial assets** Basic financial assets include debtors, cash and bank balances, are measured initially at transaction price including transaction costs. ## **Basic financial liabilities** Basic financial liabilities, including creditors are initially recognised at transaction price. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. ## **Derecognition of financial liabilities** Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **k.) Pensions** The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in an independently administered fund. Prior to 2012 pension provision was made through multi-employer defined benefit pension plans. Where it is not possible for the charity to obtain sufficient information to enable it to account for a plan as a defined benefit plan, it accounts for the plan as a defined contribution plan. Where the plan is in deficit and where the charity has agreed, with the plan, to participate in a deficit funding arrangement, the charity recognises a liability for this obligation. The amount recognised is the net present value of the contributions payable under the agreement that relate to the deficit. The unwinding of the discount is recognised as a finance cost where material and any other change in the measurement of this liability is expensed to the Statement of Financial Activities as an employment expense. Further details can be found in note 5b and 13. Notes 2024 2024 Restricted Funds 2024 2023 Unre5triCted Fund5 2023 Restricted Funds 2023 Unrestricted Funds ForgenemlpuF7WS GerTeral Fund Legacy Income Forffti55iorJ(Jry oodothercuuse5 For special appeals Total 115.266 115266 113.638 113,638 50.fA)) 1.597 1.597 597 1.597 1.597 1.597 165.235 115.266 116 163.635 2b. Other For the Church youps run ￿ individuals in the conEregation, their in£ot))e lincluded here), expenditure (under Charitsble *£tiyities and opening and closing balances Iwithin the balance sheetl are surnmarised belw. 2024 OpeninE balance 271 IncomE ExpEndrture Tran5fer5 Contsct. Quavers & Pop In Friend5 International 271 2.154 314 1.869 1.277 Brigade 1.277 3.170 1.589 1.582 Friday Evening Fellowship 7.098 2,184 1.903 3.962 3.417 2023 Opening balanie Incorne Expenditure 6.697 2(X) Tran5fer5 balavKe Contsct. Quavers & Pop In Friend5 International 241 6.728 271 Brigade 1.117 3.7Q) 549 335 175 1277 3.170 171 7(K> Friday Evening Fellowship 549 8.186 7,234 8.322 3a Churth Work 20Z4 Unrestrirted 2023 Unrestricted Fund5 Funds DI￿£t C05ts 5tsff costs (Note 51 Conferences. book5. trainin¥ & evJngeli5m Total threct C051s 52,978 2057 55J135 10,476 7.324 17.799 Support& Govemooc£ Costs Support 5tsff costs (Note 51 Maintenance. repair5. redecofation and depreciation (note 4a) Heating. insurance and otheT seTviie5 (note 4bl Other Costs 25WIZ 43.147 28,5 27,436 124,9)2 24.250 53.956 27.394 5,731 111,331 GDvenJonce Costs Independent Examination fee counts preparation Professional fees 2￿39 5,719 Total thjrch eKpendrture 185 655 132.010 3b mi￿10￿WOrk 2024 2024 2024 2023 2023 2023 Unrestritted Funds Restritted Funds Tot Uftrestricted Funds Restricted Funds For mission 27.574 27574 92.225 1(4J 92,325 2.281 For special appeals For Thank offerinE 2.281 27.574 27.574 92.225 2.381 94.606 Grants and gifts 2024 2024 2023 2023 Instittjtsons Indi¥idua15 For mi55ion BMS World Mission BromleyTown Centre Chaplin SupF Christian ￿d- Earthquake appeal Compassion UK Drite E ￿te$ Foundation Girls, Brigade Ministry Holy Cr?55 Baptist Church Home Mi55jon Islay 6aptist Church JUSB Youth Centre 1.20) 3.194 512 816 2,5C¥) 25.1 1.20) 15.IMM) London Baptist Association Missionaries Operation Mobilisation Poverest Road Bapt15t Church Spurgeon'5 College Tools With a Mission Individuals direct 6.IC¥) 25.(MN) 1,2(4J L470 IIK) 26,104 IA70 85,906 8.7C 4a Maintenan 2024 2023 iknrestricled Unrestricted Jrbds Funds Repair5 & Maintenance DepreciatiTrn 18.546 24.601 23.248 30.708 43.147 53.956 During the 2023 year SI￿lfICant repairs and redecorations carried outon the fflartse in preparation for the new minister. 4b Weat*￿ h)sUra￿e0Th1 other 5eths 2024 2023 lknrestitted Funds Unrestricted Funds Electricity & Gas Rent &nd Rate5 Council Tax Phone 12.236 774 2303 1.733 1.227 5.566 3.986 27.394 Water Insurance 4538 6,943 ONice supplies 5a Staff In 2024 the churih emplryed an averaEe of 4 rnernbEf5 of staff to carry outthE objective5 of the church12023." 31. This included a minister. finance officer. a ￿rttl￿¢ caretakers and an office support rnanager12023 no minister in postl. 2024 2023 Salarie5 National Insurance Efflployers Pension 72230 34.216 6￿60 510 Tot 78,7gY) 34.726 The full tirne rDinister lives in a prwerty provided bythe church vthen in post. ThE church pays utilitics and maintenance on this property. No church employee was paid more than EFA>.(MK) in the year. Key management salarie5. iniludingernployer's Nl. totalled f 46.60912023". Enil. no minister in postl. The minister is also a trustee of the chafity. Sb Pension Current employees have pensions with the Baptist Pension Scheme. the costs of Nthich are accounted for bvhen they fall due Deficiency contributions were Paid tothe Baptist Union 5cherne on behalf of former rninisters Rev A Burnharn and Rev Brian Reed. See below fDr details. The church p3y5 deficiency contributions for fOrT￿r *mpl¢yees intothe Baptist Minister'5 Pension fund. %*hich 15 a multi -employer final ￿lary defined benefit pension 5chernE.The totsl deficieniy contrib&rtions paid into the Baptist Union Scheme durinE 2023 wa5 nil12023". f 121_ No additional adjustment to the outstrndin¥ liobility on the BJpt15t5Che￿ 44Yre made 4tthe end of the year for the M￿effent in the lon¥term liability of the deficit12023-. £nill. 6A Tar4ilAetseda55ets Church Manses Fixtures & Equipment Total Fittings At l January 2024 ditions Oi5P05als At 31 DeiernbET 2024 896993 79W)7 31.678 78 896.993 79.807 31.67B 908.478 Depre(iatK At I january 2024 CharEe for the year Oispos815 31 Oeiernbef 2024 67.50) 67.275 5980 49.966 12282 31.0)1 339 215,742 24￿1 73.5 73,255 62,248 31.340 240.343 Net At I january 2024 832.5C 829.718 29.841 677 W2,736 At 31 December 2024 816.￿N) 823.738 17.559 338 L668.135 One ofthe manses is currently let whi15t not in use by a minister. A5thi5 15 notexpe(trd to bea perrnanent arranEernert the property ha5 not been reclassified a5 an in￿tment The other marse was F*ing prepared forthe mlnister atthe balance sheet date. 6￿ CuiTenta55et wNe5trnerrt5 The Church received a property a5 a bequest and th15 wa5 included atan estimatr of value made bythetru5tees based on a range of professional valuations_ The property came into the legal c>wnef5hip of the Charity in 2024 when it wa5 transferred atthe Land Registry and ha5 been 501d after the balance sheet date. The property has been revalued in the accounts to the net amount received on sole. Debtors 2024 2023 Tot Amounts due within one year Legacy due other debtor5 and prepa￿nts Tax recoverable Total 20.C 9.544 10.594 40,138 10.594 18,603 Credrtors 2024 Totsl 2025 Total ounts falling due Within one year Other acirua15 27,718 28.153 kcountsncy & Independent Examiws fee 30598 31.033 Resrricted Children's Fund Unrestricted Funds Fixtd Asset MiSSi(In Hardship Fund GrtrJps & clubs 2024 Total Reserve Fund Incominff ttsourtes 2.184 li.￿￿) 13.9621 170.057 1198.9251 3.962 6S.933 41.026 172241 {215N29} 124.6011 TrJn5fer5 Othergains I Ilossesl Net m0ven￿t Dn funds 65.933 12.745 13.6811 124.6011 8alances brL￿4hf forward 9.C*3 750 7.1(N) 1.692.736 949.103 2,658.752 DI￿re5￿¢s1 De 216.128 1204.lce 226.659 1245.5201 11.0881 129.6921 12.019 118.8601 Balance5 brauEhtforward 9￿5 850 8.188 1.722,428 937. 2.577.614 31 De¢ember 2023 9.063 750 7.IC 1.692.736 949.103 2.6S8.752 Restricttd fund5 are fundsthat Jre¥iventotheihorityJre held oTrtrust for s￿din￿￿ 5pKific wrp05esor, in ca5eofgTOUPS and club5 Jre linked totheiharity nd do Dot havetheirown lepl idEntity. The Children's Fund- fundsgi¥en bj 5UPPOrt ¥￿rk with Ihildren. Mi55ion ¥wJrk- 5UPPOrtini J nurnber of rniS51on 4￿rkerS and cthrChri5tion *wker5 both in the UK and rhwseas Via donatir*￿. Hardship Fund- raised for those in need The Building Fund- rnOneyEiven to tover 5pecifit building E05ts. GrDUPS and club5 Breactivities held in the churih building by DrBani5atian lthiih have n05eparatr legal identityand 50are required t[>￿ incDfpDrated inthe5e accounts. Tran5fer5 have been tnadewhere th2 grDUP Elased and thelund5 y￿retr￿r￿fred tD ttTrE Church. Unrestricted funds brefunds thatare held bythe charity io usefof Eeneral tharitablepurF*)ses. Thefiied a55et reserve represents thefunds ¥thich iannot be acce55ed without disposinKof fixed a55ets or current asset Invests￿ents. Gene￿1 fvnd5 orethose unre5trirted funds ￿lIable inthe 5hortterrn to fund Fneral charltsble￿lYttits. NetA55etsbyFund 2024 unrestricted Restricte 2023 Totsl Tot Fixed Assets I￿.135 IWO.727 I￿,59￿> I￿.135 lJ133.959 130,5981 1.692,736 9￿,137 131.0331 1.692,736 7,049 131.0331 CUrrent￿set5 16913 LoTr8term liJbllltle5 58.265 13212 2￿71.491 2.641,840 16.913 2.65S,752 See note Sa for remunerètion Paidtorfustees. The Churchalso paid£848 iolrnold Solutionsknmrttd. theAVEquiwrtntcompanyof one of thttrusteesfor Avad equipment Notru51Eetravel ex1￿￿Se% Paid. C*ta115 olthe mJnse5èrt contalned Sn note 5. . Tru5tee5 fflade donation5to the charity in lintwithgeneral congrryational yvingtotsllin¥apwoxirnatsl¥£31.755 IZQ23£26.1)501 r*) donation5tt>theChurch yere madt with conditions Outsideof the usual artivitits of theChurch_ The Independent exafflin0tlr￿ ofthe?ccounts ¥thich 15 required by charity law hJ5 been r¥Jt byKathErine C*e of Brybieschartered kcountsnts. ee8bies fee of £2.4W plu5VATi5 accrwd in theaccouDts undergawThJncec05ts. IS. Baptist pery51r￿%he￿t The Church 15 an employer participating in a pen5lThT 5iheme kno4￿ a5 the Baptist Pension Scheme l~the 5thernel. ￿1[h is adrninistered bythe Pension Trustee (Baptist Pension Trustknmittdl. The Scheme ISO separètt lepl entity and tht assets oftheSthth* are held separattiyfrom those tsf￿ EmplLThw arbdtheother pa￿tIpatIng employers. For anymonth.eath partitipatinEenwlo)* intheSchemeF)aVS C(x)tributICrf￿ assetout IntheSc￿uItQf ContributiC4)S in forte atthattitiie. ThE kherne 15 I￿51dEred to b2 a rnulti*rnpl￿￿rschErn￿ as de5CTibed in 5ertion 28of FR5 102. Thi5 15 bEcause it 15 not P055ibletLiattribLtLttheS(hEme'5 assets and li>bilities to SPÈCiliC Èrnplover5 and mèans that contrib￿lIonS bré acc￿nted for as if the Schèrne **re 4 délined contribution 5cherne. The Pènsions costs chjryd to the SOFA in theyear arecontributions payabletoward5 berTr2fits and exp2nse5 accrued inthatVEar. plus any impactof deFicien(ycontributions (see belowl. Full¥ Jccredited PAiniSters Jreeli8ible to join the Scher￿. Froffl January 2012. pension provision 15 b2inE madethrouEh the Defined Contribution IDCI Plan within the Scheme. In Eeneral. m2rnber5 pay8% of their Pensionable In[ome emplDyer5 pay 6% uf ￿eM￿r5 Pen5iDnable IncumE into Individual PEnsiLWY a(rounts. which arE operated and rnana8Ed behalf of the PeD5iDn Trustee by Legal and Gtneral knfe A55uraff ce knitty knmited In addition. theefflpltytt pays a further 4%of Pensionable Incornetocraver Death in Service BeTrtfits. bdministrJtion CDSts. and an a55Dciatsd in5urBnce policyvthich provid25 incorne prDteEtion fDrSch2tne mEtnbef5 in the eventthatthEy are unable tD YA)rk dueto lonE-term incapacity. ThIS incorne proteciion policy has been insured Ihe Baotist union of Gre)1 8ritsitl with vnym Limited Iwrnbers o+ the B)SiC Section reduced contributions of 5% of Pensionable Income. and theirernployer5 a150 pay a totsl of 5%.] Thefurther 4%contribution rate 15 reduced to 3%for Employer contributions rnadeto theSegregatsd DC ArranKemert B2nefits in respect of Service priorto l January 2012 are pro¥idedthrough the Defined ￿er￿lt IDBI Plan withinthe Scheme. The main benefitsfor prtr2012 Service were defined benefit pension of orre eiKhtieth of Final Minimum Pen5iDnable IncLYnefureach year Lif Pensionable Service. tDKether with addrtiDnal pensiLin in rEspect of prÈrniums Paid on ￿nSIonable lficomt in éxcess Df Minirnurn PÈftsionable Incorne. Thescheme. pre¥lou51y knwm Jsthe 6•pti5t MSnlsters' Penslon Fund. 5tyrred In 1952 butWB5 c105ed tofuture Bccrual of defirTr2d ber￿￿t5 on 31 tkcemb2r20LI. *rmal ￿luatIon ofthe 02fined Benefit IDBI Plan %YB5 performed at 3L December 2019 by a profe55ionallyqualified Pthary usingthe Projected Unit Method.ThE markttvèlut of tht 08 Plan èsstts at the valuatioh dète Yrts £298 thilliort Thevaluation of the DB Plan revealed a deficit of b5sets cOM￿red with the value of liabilities of £18 rnillion lequivaltntto a past5ervicefundinE level trf 94%). The Churrh and the other Employer5 SUPPgrtintth2 DB Plan are collectively resp￿sIblefoTfU￿dIngthi5 deficit The a5SUrnPtions underlyingthevaluation w￿reaS follows". Type ol a5sufflpt￿n RPI prite inflation assumption 3.20 CPI price inflation assurnption Minimum Pensionable Incowe increase5 (CPI plus 0.75% pol A55umed investrnent rettJrn5 2.70 3.20 - Prtrretirery*nt 2.95 P05t retirernent 1.70 DefeTTed pEnsion illCTeases -pre￿ri1 2( - P05tApril 21J)9 Pension increases 3.20 2.50 - Main scheme pension 2.70 Prrstsfètir*n￿tMortality ih aCCOtdancèwith80% ofthÈS3NFAahd 53NMAtsblÈs. with all(￿a￿te fotluturÈ ImPrttvÈthÈrttS irt mortblity ratÈs froth 2D13 in IinÈwiththÈUdl 2019 colè projections. With a longtrrmannual tèltof Impfo¥trhEntof I.75%￿rMaleS and 1.5%fot ftrnales. with the core smwthLngpDrarr*trr and %¥ithadditional initial mortality Lmptovemefflt factor￿5 Durini 2022 the5C￿￿51￿ed •TraKre¥n￿tWIthlh? insura￿￿(Q￿np7JryJUSIGrQUp l-JL&ItL15ecure oBPlaTrn￿ntss. PW5ionkneFits Th15 L5 rEferred t pro¥idinE fifflancial backiftgfor all DB ptnsior6 yrr*idtdthrouEhthtSchunt's DBPlarL Recovery Plan a re5ultofthe ￿l￿p￿lItY.th?TrU*￿aDdthe ￿￿tistUn1onh￿￿èaVVEdth1tdEfrCrtc(￿rI￿rt1un5w11I redu(etri£l perrwnthfvreatherr4ilwErfrom theAu4u5t 2022 paymentuntil June2Q26. •lditional cDntributl￿5rnav rE4uirEd In f￿re. A5a re5ultoFthi5 lhanV.thÈ£61.1(X)èstih￿1Èdd￿fItitèt31stDÉÈQrt￿b￿r2o2I. and È21.7(¥)￿￿￿ated dtficit as at 20thJufpt2022 h&sbten reducedionil In IF￿￿countSfoI 2ts22 &nd2023. rtion 28 IIAof FR5 102 require5aEre2d deficitrec(réery paymEntstokrecLVi5d a5 a liabilty. Intr￿ prv415i(M Is set￿rt inthptsblebEIow. Auounting date [Yeare￿lIng>.' 31 De￿ber 2021 31 De￿rnbel 2022 Balancesheet liability atyear5trrt £0 EO MinusdeficiencycontributlOn5 pEid Intpre51 Eo5tlreGoKni5ed in 5uFA) AemaininE changeto balanctsWtlièbility Irtcrenistd In ￿PA) Balancesheet Iiabilityatyearend £0 Eo EO EO Eo £0 Eo CDn5eqUentupont￿ departureof thEMInI5ter.￿'d*￿dre* ￿[nham.fromtheC￿urCh In2019.theChurchhad a 5ecDnd Ces%it1(￿ ￿￿t￿nderSEctiOn 75 ofthe Pensionskt 1995.the fir5thaYin8occurred in 1013withthE dEparbJre of Rey'd Brian Reed Thi5 thurch liableforthe prukvbon ofthe us%￿11 deficttla55e55ed bvreferpncetLTrthecostrpf securin4 bEnefits bythePurthas*of annuitiesl applitablÈtts itSPreYiOuS MiniStÈrS of thÈSthÈrnÈ In 2019theChurch entsred Into? IWprrEd Un&rthi5 arra￿￿tth2thurch 15 liablefortFeoriEirkal debttriEEpred bythpdppartureof Relld BriaD Reed. butthechurch cuntIn￿St￿ payt￿ twin%￿fICiencyCt￿llxrtiOll5 a5 Uutlined ThEre are limilEdcircurn5tsnce5 ￿￿￿tr the DeFerred Dth*rangement4thErEthe Churrhwvl become responsible IDr a debtequal to It5share ofthecurrtnt6PS deficitlassessed ty refertnce to theuPiodatecostofsectsriftEbentfits bythepurchaseof 4nfflu1ti￿). In 2022theChurch i5aEain withouta miTri51Er.buthasaRreeda peri￿ af Fa(e**erththeChJrchdLE5nLttr1E¥uanothpr5ecti￿ 75cessatiune%tnttoenablethpChur(htDfind B new Minister 2013 2013 2023 Total Incorning re5our￿5 163.638 2281 165919 LettinEolchurthpremise5 ChurchgrOuPS 16.593 16593 7A54 Ib 7234 InveS￿￿ts intludingrentrl èThJ legacy mana Rent 2D575 15,938 20975 1595 Tot 11?,145 Expenditureon= RaiSlnEFuryd5-cots Df providinEgwd5 nd service% 10.582 Iq582 urch worklinc preachIn￿pa5t￿al Br Eyangelisml Church worklchurihBroup51clubs1 Mi551oD lincwtstD O￿anISatIOnS 3a 2b 132.010 132J)10 8822 8.322 3b 92.225 2.381 4235 231,938 234017 10.703 245,520 Netinmrnellexpenditurei&f4Et 117ffj72 li￿8￿ Netm￿e￿e￿tinfvndS 117&F2 rotal Funds b¢oughtforward i&ioi Totsl Fun￿5￿[￿1edf0￿Nrd 2.041A 16.914 2.658.752