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2024-12-31-accounts

Derby Road Baptist Church Watford Charity Commission Report for 2024

Top of pg. 3, Summary of main activities

Our main activities are Sunday services, (morning and evening), Sunday School, Bible Class for teenagers, and Creche and Primary Class. During the week there are a variety of activities: regular house groups and prayer meetings, a group for young teens, an evangelistic outreach in the town and occasional other activities to promote the Christian faith. We provide a welcome to people from several different nations.

As charity trustees we are aware of the Charity Commission's guidelines on Public Benefit.

We let parts of our premises to outside groups including a Ghanaian church and a Brazilian church worshipping in their own native languages. We have continued renting our hall to a daily preschool.

Free-will giving continued throughout the year with little change.

Pg.4 Summary of Achievements

The nature of our objectives as a church makes these difficult to quantify, but we list the following activities in pursuance of our aims:

  1. Sunday services regularly welcome visitors and those from outside the Christian faith and those new to the town and country. The Sunday ministry is designed in part to benefit those new to us and the public in general, as well as members and regular attenders. New people frequently join us at our morning service. We stream the Sunday morning services and broadcast them worldwide.

  2. We ran our usual Holiday Bible Club in the summer welcoming over 60 local children in person each day.

  3. We continued to serve the local community by collaboration with Central Primary School and several local charities.

  4. Our building was used as a polling station for local and general elections.

  5. Some regular maintenance work was carried out on at the premises this year.

  6. Evangelistic materials including Bibles and gospels were regularly distributed free at our outreach in the town centre and at our regular services.

Pg.5 Section F

Public Benefit: The Trustees have considered the guidance produced by the Charity Commissioners regarding public benefit and they confirm that this has been provided by teaching the Christian faith through regular services for worship and preaching, courses and small groups open to all; activities for children and young people on Sundays and during the week; a range of community activities as detailed above and making our premises available for hire to external organisations. A preschool, a Ghanian group and a Brazilian group ran their activities throughout the year.

Derby Road Baptist Church

ACCOUNTS 2024

Registered Charity No 114871

DERBY ROAD BAPTIST CHURCH | DERBY ROAD, WATFORD, WD17 2LZ

Derby Road Baptist Church Watford - 1148711

Analysis of income and expenditure

Selected period: 01 January 2024 to 31 December 2024

Total
Unrestricted Designated Restricted Endowment This year Last year
Income and endowments
Donations and legacies
I021 - Online Bank Donations 61,875.00 — — — 61,875.00 59,720.00
I022 - Church Offerings 5,015.00 — — — 5,015.00 3,907.00
I023 - Small Donations 2,030.70 — — — 2,030.70 1,068.95
I025 - Unplanned Donations 16,623.45 — — — 16,623.45 17,116.18
I026 - Restricted Donations 700.00 — 3,250.00 — 3,950.00 250.00
I032 - HMRC Tax Claim 15,973.51 — — — 15,973.51 16,739.53
I051 - Donations for Assistant Pastor — — 8,266.72 — 8,266.72 9,600.00
I052 - Donations for building repairs and — — 4,140.00 — 4,140.00 —
loans
Donations and legacies Totals 102,217.66 — 15,656.72 — 117,874.38 108,401.66
Income from charitable activities
I031 - Hirers Rent 22,129.76 — — — 22,129.76 19,645.52
Income from charitable activities 22,129.76 — — — 22,129.76 19,645.52
Totals
Investments
I041 - Interest 320.21 1,148.01 — — 1,468.22 1,028.13
Investments Totals 320.21 1,148.01 — — 1,468.22 1,028.13
Other income
I033 - Other Income 2,526.98 — — — 2,526.98 659.63
Other income Totals 2,526.98 — — — 2,526.98 659.63
Income and endowments 127,194.61 1,148.01 15,656.72 — 143,999.34 129,734.94
Grand totals
Expenditure
Expenditure on charitable activities
E001 - Church Special Activities 663.50 — — — 663.50 449.36
E002 - Children and Youth Activities 632.87 — — — 632.87 866.17
E003 - Visiting Ministers 375.00 — — — 375.00 —
E004 - Evangelism and Open-Air 196.90 — — — 196.90 427.40
E005 - Other Expenditure 387.69 41.41 160.00 — 589.10 62.44
E006 - Parking 75.00 — — — 75.00 75.00
E011 - Church Supplies and Catering 1,306.89 — — — 1,306.89 1,340.47
E012 - Office Consumables and 1,938.12 — — — 1,938.12 390.63
Equipment
E013 - Printing Services 1,192.27 — — — 1,192.27 1,831.95
E014 - Subscriptions & Memberships 2,700.00 — — — 2,700.00 2,463.00
E015 - Internet and Communications 675.72 — — — 675.72 791.71
E031 - Salaries and Pensions 38,576.48 — 8,918.19 — 47,494.67 52,495.90
E032 - Life Insurance 306.12 — — — 306.12 306.12
E033 - PAYE and NI 7,711.22 — 896.30 — 8,607.52 11,317.80
E034 - Employees Expenses 1,393.07 — — — 1,393.07 1,055.96
E035 - HMRC — — — — — —

19 October 2025 Page 1

E071 - Church Insurance
E072 - Church Gas
E073 - Church Electricity
E074 - Church Water
E075 - Church Maintenance
E076 - Church Servicing
E077 - Church Building Loans
Payments
E081 - Manse Electricity
E082 - Council Tax
E083 - Manse Gas
E084 - Manse Water
E085 - Manse Insurance
E086 - Manse Maintenance
E091 - Watford Tabernacle Trust
E092 - Mission Donations
E093 - Training and Conferences
Expenditure on charitable
activities Totals
Expenditure Grand totals		 Unrestricted
Designated
Restricted
Endowment
Total
This year
Last year
5,622.75
—
—
—
5,622.75
5,502.85
7,304.41
—
—
—
7,304.41
4,487.25
2,747.56
—
—
—
2,747.56
2,223.34
298.37
—
—
—
298.37
272.27
17,611.18
—
12,000.00
—
29,611.18
10,455.46
1,241.24
—
—
—
1,241.24
1,348.30
—
—
—
—
—
—
1,745.79
—
—
—
1,745.79
1,110.85
3,215.21
—
—
—
3,215.21
3,069.15
1,670.33
—
—
—
1,670.33
991.99
717.39
—
—
—
717.39
615.83
577.69
—
—
—
577.69
556.28
28.49
—
157.66
—
186.15
1,149.78
1,614.41
—
—
—
1,614.41
1,034.51
—
16,450.00
150.00
—
16,600.00
16,823.50
770.00
—
—
—
770.00
1,301.81
142,069.23
103,295.67
16,491.41
22,282.15
—
124,817.08
103,295.67
16,491.41
22,282.15
—
124,817.08
142,069.23

19 October 2025 Page 2

Derby Road Baptist Church Watford - 1148711

Statement of Financial Activities

For the period from 01 January 2024 to 31 December 2024

Unrestricted Restricted Endowment Total Prior year
funds funds funds funds total funds
Income and endowments from:
Donations and legacies 102,217 15,656 — 117,874 108,401
Income from charitable activities 22,129 — — 22,129 19,645
Investments 1,468 — — 1,468 1,028
Other income 2,526 — — 2,526 659
Total income 128,342 15,656 — 143,999 129,734
Expenditure on:
Expenditure on charitable activities 119,787 22,282 — 142,069 124,817
Total expenditure 119,787 22,282 — 142,069 124,817
Gains / losses on investment assets — — — — —
Net income / (expenditure) resources before transfer 8,555 (6,625) — 1,930 4,917
Transfers
Gross transfers between funds - in 22,033 5,826 — 27,859 26,920
Gross transfers between funds - out (22,183) (5,676) — (27,859) (26,920)
Other recognised gains / losses
Gains on revaluation, fixed assets, charity's own use — — — — —
Net movement in funds 8,405 (6,475) — 1,930 4,917
Reconciliation of funds
Total funds brought forward 53,991 1,547 — 55,539 50,621
Total funds carried forward 62,397 (4,927) — 57,469 55,539

There may be minor discrepancies in the totals if the pence are not being shown

19 October 2025 Page 1

Derby Road Baptist Church Watford - 1148711

Statement of Assets and Liabilities (by code) As at: 31 December 2024

Class and nominal code Class and nominal code General Designated Restricted Endowment Total Last year
Current assets - Cash at bank and in hand
A1 : Natwest Current Account No 1 509.46 — 5,072.34 — 5,581.80 10,827.19
A2 : Natwest Business Reserve 27,256.44 — 68,000.00 — 95,256.44 13,025.52
A3 : Natwest Current Account No 2 — 4,801.52 — — 4,801.52 2,984.95
Total 27,765.90 4,801.52 73,072.34 — 105,639.76 26,837.66
Current assets - Investments
A4 : COIF Charities Deposit — 4,317.84 — — 4,317.84 4,107.39
(Contingency)
A5 : Grace Baptist Charities Ltd — 25,511.86 — — 25,511.86 24,594.30
Total — 29,829.70 — — 29,829.70 28,701.69
Liabilities - Creditors: Amounts falling due after more than one year
Z06 : Loans Received — — 78,000.00 — 78,000.00 —
Total — — 78,000.00 — 78,000.00 —
Net total assets 27,765.90 34,631.22 (4,927.66) — 57,469.46 55,539.35
Represented by
Unrestricted - General 27,765.90 — — — 27,765.90 22,340.16
Designated - Mission — 4,801.52 — — 4,801.52 2,984.95
Designated - Legacy — 25,511.86 — — 25,511.86 24,594.30
Designated - Con-Dep — 4,317.84 — — 4,317.84 4,072.17
Restricted - AP-Res — — — — — 1,547.77
Restricted - Building — — (8,017.66) — (8,017.66) —
Restricted - Res — — 3,090.00 — 3,090.00 —
Total 27,765.90 34,631.22 (4,927.66) — 57,469.46 55,539.35

19 October 2025 Page 1

Derby Road Baptist Church Watford - 1148711

Statement of Assets and Liabilities (by fund) As at: 31 December 2024

Balance Previous
balance
Cash at bank and in hand
A1: Natwest Current Account No 1 - Asset
Assistant Pastor fund
Restricted
Building repairs and
loans fund
Restricted
General fund
Unrestricted
Restricted Donations
Restricted
A2: Natwest Business Reserve - Asset
Assistant Pastor fund
Restricted
Building repairs and
loans fund
Restricted
General fund
Unrestricted
A3: Natwest Current Account No 2 - Asset
Mission fund
Designated
Cash at bank and in hand
Investments
A4: COIF Charities Deposit (Contingency) - Asset
General fund
Unrestricted
Contingency and
Depreciation Fund
Designated
A5: Grace Baptist Charities Ltd - Asset
Legacy fund
Designated
Investments
Creditors: Amounts falling due after more than one year
Z06: Loans Received - Liability
Building repairs and
loans fund
Restricted
Creditors: Amounts falling due after more
than one year
Grand Total		 —
1,982.34
509.46
3,090.00
5,581.80
—
68,000.00
27,256.44
95,256.44
4,801.52
4,801.52
105,639.76
—
4,317.84
4,317.84
25,511.86
25,511.86
29,829.70
78,000.00
78,000.00
78,000.00
57,469.46		 3,974.34
—
6,852.85
—
10,827.19
(2,426.57)
—
15,452.09
13,025.52
2,984.95
2,984.95
26,837.66
35.22
4,072.17
4,107.39
24,594.30
24,594.30
28,701.69
—
—
—
55,539.35

19 October 2025

Page 1

Non-monetary Assets held for church use

Fixed Assets for church use

The church is the beneficial owner (subject to the relevant Trusts) of the following assets, the legal title to which is held by the church’s custodian trustees, Grace Baptist Charities Ltd.

31-12-2023 31-12-2022
Church premises situate Derby Road, Watford valued for
insurance purposes		 7,768,950 7,454,399
Church furnishings and equipment 133,437 133,437
Church manse situate 1 Grosvenor Road, Watford valued for
insurance purposes		 1,000,000 1,000,000

These accounts have been prepared on the receipts and payments basis in accordance with the Resolution passed at the Quarterly Business Meeting held on the 12[th] of November 1996. They accord with Charity Commission guidance notes CC 16b dated September 2010.

Approved by Trustees

The accounts and statement of Assets Liabilities set out herein relating to the twelve months ending 31[st] December 2024 have been approved by the Elders and Deacons as Trustees.

Date: 25-10-2025

Abilio Pinto - Trustee/Treasurer

Independent examiner’s report to the trustees of Derby Road Baptist Church, Watford

I report on the accounts of the Church for the year ended 31 December 2024.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

have not been met or

Name: David Mortimer Relevant professional qualification or body: CIPFA Address: Sand Jeas, Jasons Hill, Ley Hill, Chesham, Bucks HP5 3QW Date: 22[nd] October 2025

Independent examiner’s report to the trustees of Derby Road Baptist Church, Watford

I report on the accounts of the Church for the year ended 31 December 2024.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

have not been met or

Name: David Mortimer Relevant professional qualification or body: CIPFA Address: Sand Jeas, Jasons Hill, Ley Hill, Chesham, Bucks HP5 3QW Date: 22[nd] October 2025