HA ELL BAPTIST CHURCH TRUSTEES. REPORT AND FIN AL Y8 FO EJEAR ENDED 31 DECEMBER 2024 HAWKWELL PTIST C URC INDEX TO THE TRUSTEES. REPORT AND FINANCIAL STATEMENTS Page Charty Infomiafjon Trustee Report Independ8nt Examlnèrfs Report Flnancial Statements Balance Sheet Notes to tho Flnanc481 Stataments 10-15 HAW EL BAPTIS CHURCH CHARITh INFORMATIO Legal status: Charity Number: Chartty rag18tered wkh the Charfly Commission 1150184 Principal address: Hawkwell Bap￿st Church Rectory Road Rochford Essex SS4 1UG Banker8'. The London Baptist Property Board Lld CAF Bank Ltd Barclays Bank UK PIC Trustees: Rev R Iles (Mlnlster) Mr R Sapsted {Treasurer) Mrs L McLoughlin (Secretary) Mrs H Chilvers Mrs D Mansfield HAWKWELL BAPTIST CHURCH END TRUSTEE RE RT 024 A¢crual accountg Due to the levèl of Income exp8rlenc8d In 2024, Hawkwell Baptlst Church havg had to 8dopt a¢crual accounting for the flnandal year endlng 31st December 2024, In accordanc& wlth Chadtles AGt 2011 for charities with income above £250,000. Govgming docurnant Hawkwell Baptist Church registered wAlh the Charlty Commission in 2012.Tho chaiity is controllad by Its govemlno docun*nt econstitutlon"). Recruitment and appolntment of now trusts85 TN8tees are elected as (krtlined In th8 Constitution. They ar6 appointad as reqiwred and serwe fLY three years in one temi, with an optlon to serve up to two tanns without 8 y&arfs braak In servicg. AnyMg standing as a tru$t86 has to be nominated by two rnembe￿ and submit a short testlrnony for circ(AatiM to *he membets. The appolntmentls made by s8cr@t ballot and has kn rtscelva support from at least two thirds of the memb8rs present and voling. Induction and training of new tru5tee8 Those wishlng to Stsnd for electton are interviewed by the Vdnister and existina trustees before the vote, to explain the fole and dlscuss any ¢oncems. Thoywlll then be mwttorèd by th8 exist￿9 trustees. Charitable ob￿0ts The CP￿ritY is govam8d by the approved Govemlng Document states that the Principal purpose of the chaiity is t1￿ advancernent of the Christian faith aGcorthng to the pr￿￿lpleS of the Baptist denomination. The tharity may also adv8n£x education end carry out such other charftable pU￿Ose$ In Ihè United ￿ngd￿fi ar￿Or other parts of the world as the Church shall determine. The premises the Church occupies are held by the Lo￿n Baptlst P￿pety Board on Trusts that aré eniirely compatible with the above objects. Organisational Structure and Decision.maklng proce5585 m￿￿￿r8 of the Church are accepted In accordance with th8 Constitution, which requires them to m*e a public tffofesslon of falth In Jesus Chris( r￿rmallY, but not èxcluslvely. through baptism by immersion upon personal professlon of falth. A formal Church Meeting of r￿MberS nDnnally takes place four times per year and has rasponslblllty for the overall pollcy of th& Church, In accordance wlth Ih? Constltutlon. The members appoint Trustees vtho, logether with thé Minislgr, are collo¢tivoly known as the Lead8r8hip. The Trustees second a(l(Jitional men*)ers onto the Leaclership as they conslder deslrable for thé day to day runnlno of th9 Church's work and witness, and Ihe financial and legal aspgct8 of Ihe charity. All members are encouwed to take an appropriats part in ts spiritual and practlcal tasks Involved in the fUrt￿Tan￿1 of tho Charltabl? Objècts. ReEev8nt matter8 may be submitted to the Church Meeting by the Leadershlp for guidance or may be ralsed there by member8 for lurthar conslderatlon by the Leadershlp. Though the Constltution pemiits docisions to be made 81 Church Me&tings by appropnate majorili8s, the Church 8eek8 tt) work by consensus wA)erever possble. Trainlng and educatlon Durino the year Christianity Explored coursas were run on som8 8venlng8 based in Ihe Church Fellowship Lounge aimed specifically at people who have not yet coma to faith but are sg8king to ow morg 8bout thé Chrlsttan rdth. Objectlves and Acllvltl•s In order to athieve thé principal obpdive, set out above, the Churth provkles a vartaty of actlvltlas for kx)th Its mambershlp and the communty generally. aim 1$ to show the k)ve of Je8U8 Cmst In both word and déed arKI to brirKJ p60ple Into a Gloser relationshp with HIM as livlng Lord. C6ntral lo the w￿k and witn8S8 of the Churth Is the provision of regular gatherfngs for Christi worship. These gatherf￿Js take each Sunday, normally at 10.30 a.m. There are also occaslonal gatherings at other time& which arn advefased on the Churth Notlce Board, In our Chadty Shop and on the webslta at vMw.hawkwellbapts"stthureh.co.uk The Churth 868k8 to be a friandty and welcoming community and Anybody Is free to attend any of the88 gatherlngs. T￿se are th8 ways we meet (wr princlpal oble¢tive$ and durlng 2024 the church started to exploro how It can stroam sgryices over th8 Intemat Girls, Brigade (GB) meet weeldy durfng term time, provldiro safè wèlcoming environments for girl8 and young women b form friendsh¥)4 develop thelr potential and explor8 what it means to b8 a follower of Jesus in the 21￿ century. The Church continues to rm a series of small groups for the grovrth of faith and dlscipleship in the 1￿Me8 of Some members, virtually onllnè or the Churth premises. Further d8taM8 can b8 obtainecl from the Trustses on raqu8st Of at tre Sunday wor8hip gatharinos. OttrwgroLPS continued mgedng dLwing Ihe year, irKluding Connect 4 (offerlng supportforft)stsr Garers and ad(tyr8). meeting weekly, Nostalgia (a group of 55+ meetlng twice monthlyto exerci56 the brains of older people in th8 I￿81 community, includina som? church mernbèrs, through mental exercises and stimulatlng memortes); MeninSh8ds (provldlng space for men to meel and socialise whilst 8harirrfJ pradieal skills) continues to meet In a fitted-out shipping containar at Potesh Garden Centre. ( Wednesday 8ftem(x>ns an Art Grwp (Art4all) contlnL*S to thrivq provKling spa¢e for anYcl￿ in the locallty to expk)re th8ir artistic lal8nlS. Thursday momings Is the Ilm8 for an expanding group of ladles to meet to share tt)eir k)ve of knltting and simllar craft bvork. This gr¢)up of ladies, calling themsefves 'Knitted Togetherf maet at the church. Th& Sausag8 Sizz18 was run again outside the Church All Hallows Eve as an altemative lo Halloween. Towards the and of November, the Church again ran a Christmas Fayre on the church emises. The Artless Thaatre Company was invited back to thg church at Chn'stmas tc) present their oduction of'Amos and the GNmpy 0￿￿, over two performances as part of a Chri8tingl8 presentation where ft explaine(J the significan￿ of the blrth of J8SU3. This was w811 attended by both members of Ihe congregatlon and unthLTGhed families in ts lo¢al community. The Church (x)ntlnued to WO￿ wilh Rochford Di8tr1ct Councll, helplng the hom81ess In community by provldlng helpful boxes lor pxople being housed in short temi accommod8tK•n. Tlwe tjoxes rJ)ntain bedding wtlery and crockery and cooklng uténsils basic electrical items (a toasbr and ketde) togelhar with 8 Ilst of local contacts to help them setue in. An emeYYJency food parc81 is also provlded In C￿unCtIon wlth the Foodbank Dl8tributlon Centre run by the ChU￿h as part of tha Southend Foodbank. Tho Falth, Hop and Charlty Shop, contknues to b6 run by lh6 Church tradkng arm, 'HBC Shop Tradlng Ltd,. The alm of the Shop Is to ralse funds for the work of the Church and for local charltable purposes and the Artlcles of Incokporation of the company requwe that all profit is passed tt> the chu￿h. Th8 Church th8n allocates 10% of the shop's income from donations to the Deslgnated Shop Tlthe fund used to support local tharltable purposes, alth￿gh we have also used It to match dol￿tIOnS at the thurch and the shop towards emergency International ap￿18. Wllhln the shop, space18 provlded for book Salgs and seatlng where customers can just slt and obtain a hot drink. Space Is also provld8d wlthh th8 exMded slK)p for storage for the Foodbank, so that distrlbution can take place from the chaiity shop and tako advatrtage of the better publlc transport aGcess. ohurch has also continued to develop its Community Hub, a small unit at 37 Hedlngham Platte dose to the Charity Shop which ts church has laased to wavlda four small m88tlng rooms that (xn be let Dut for Gouns811ing seNlce5, local coundllor sUr￿rIes, h￿1th s6Thlces and other comrnunft based uS06. Towards the end ol the year thg church was offered a lease on 37a Hedingham PlaGe, the front section of the 37 urM( at an advantageous rate. providing a fith, largar, meeting Spa￿ for use by the church and tha CA)mmunity. r¥qany of the grws run by the Church contain som8 aspects of "mbstonal communltf prlnclples, but r#)t all. Tho Leadership encourage groups, whéra appropriate, to embrace th6 concapt of balanr b8lwe8n recogni51￿ our rèllance upon arKI worthipping Our FaI￿r, ralatlng to and supporting mgrnbars of our feKowship and Tpaching out to people outslde the fellowship so that they may experi6n￿ Ihe love and comfort that comos frDm Our Lord. Th& clwrd) oparat8S Sy8tsm8 to ensur8 that all people worklng wlth children and vulnarablo adults are approprlatsly vetted with regard to th8 DIsdo8ure and 8arrlng Service (DBS) and provldes tralnlng tD asslstwork8r8 to Fmplemenl the Bapllst Union's 8afeguarrJing pollcles as set oulin its Safe to Gro publlcatK)n. PubSc Benefft This annual report desu*Jes the activities undertakn by the charity during the year to further its chathable PUPPDses for PLA￿lC b8n6flt The trustees are of th8 opinion Ihat thoy have CDmplied with the duty in secllon 17 of tha Chaitias Act 2011 to have duè regard to tho public benefit gui(kne publlshed by the Charity Commission. Rlsk Management Th& trustees contlnue to revlew the rfsks lo whlth the charity is &xposed and to ensure approprlate controls are In place to provhje reasonable a88urancé agalnst fraud and error. This is an ongoing ocess canied out InfOrff￿1IY by the Trustees, but there Is no fornialpy recorded Rlsk Assessment. Flnanclal Review Incomlng Resources Thè Church raises most ot the fund3 it ne•ds to Garry on its general actlyltles from wlthin its own membershlp and congragatlon. The general giving in 2024 Increased by Just under 33% to £88,485 (2023, £64,982) Th18 incraase was due to a generous one off gift of aroLmd £16,500 glven In 2024. which has artlflclally Inflated the glvlng for this yaar. Thè 2023r24 profft8 of £81,960 (2022123, £39,968> from HBC Shop Trndlng Ltd ware given to Iho Gllwrch to 8UPPOrt acfvltla8. Rentsl income f￿ the Church premlse8 of £14,257 2023, £12,214)18 up almost 17% on last year. In addltlon, the Church was in receipt of £39,￿5 from HBC Shop Tradlng Lthd In respect of the ront and service tharga for 39 and 40 Hedingham Place for the 3 quarters to lh8 end of 2024 (2023, £37,114) The Community HUB is also wnnlng brfnglng h £8,609 (representlng 13 months Income) {2023, £8,779) In addition to £9,000 support from the Charity Shop Tthe, This is a mixturg of Counselling roorn rentsl ￿ sublets. Tha church's total in￿ming re$our¢es allocated lowards general actlvltles In 2024 wera £261,972. There Is not a comparable flgure for 2023, due to the ¢hange in the nkthcKI of accountlng. Resourcos Exponded Voluntsors and Staff The Churth Is haavlty dependent on its membership worklng as volunteors in all asp8cls of the Church's aclivlties, many t)f which run wlth Illl18 or no impact on the Church's eXp￿￿tUr• but nevertheless contribute 8ub8tanb.ally to the achiavament of the Churth's oblectlves. In addrtI￿ to the Ministor, the oiri¢* staff indudès a part tlme admlnlslrator and a self-employed bookkéeper. Tho Church also employs, part timq two Caretakerl Cl8mrs cov8rlrYJ both th8 Church and trp13ook HUB. In Seplember 2024 th8 cleankng contract for ts maln church slte was awarcled to 'Nealwork8'. charitab￿ glvlng The Church 8xpr88sed its part In the life of the wider church during 2024 by making grants from all funds totalling £9,040 (2023, £9,034) to natlonal and Intematlonal Chflsttan 0￿{Sa1km8 wlth Christian aims and objectsves compatible wilh the Church's ovm charitable obpcts. The Shop Tithe finl distribLrted £5,451 (2023, £11,197). This included regular mlsslon 8UPPOrt of £1200 ID the Southend CAP Dd)t Advlce Centre, and support for k)rnl people in need. The Shop Tithè 18 also being used to glve limited bursarie$ to people seeking counselling at the Community HUB, but urk2ble to meet ts full cost, £2.155. Premr6es and equipment Moclificatlon was rrrdd& to Ihe el8ctrfcal supply In the sanctuary and tha lighting throughout site Was converted to LEDS wlth the indusion of em8rg6nGy ￿ghting also Ihroughout the Site at a cost of just over £7,000. The PA eqU￿ment was also upgraded at a cost of just over £51/a thousand. General malnt8n8nce continued throuohoth the site Ixrt th&re was concern over the general cleanliness of the compl6K so it was dèclded to employ the ServI￿S of a cleaning company to servk8 thè bulldlngs daily. The cost crf this Servi￿ i$oftset by th8 money wg receSvs from lettlng the premis8s. utilities bills have levelled out at £12,281 for the 13 months to the end of 2024.12023, £10,533), The Community HUB promises rent and seNlce charges £11,118 for the last Y4 of 2024 (£13,607 for a year 2023124) in aiklition to operating Costs of £8202 (28,879 2023). 37A Hedingham Place was added to th& Cornmunlty Hub In 2024 and Just OV8r £5% thousand was spent startlng a further refU￿lShment Df the Commur&ty HU￿ includlno thè naw ext￿s1On. In total, the co8t to the Communlty Hub comes to 224,908 (£23,090 2023). Currenuy the Communlty Hub Is not $¢￿-SuPP￿1ng from 8Xtemal rentsis and subl8ts. General fund These accounts are prepared on an AccNals basis acccth of the ￿fItS from the Falth, Hope arKI Charlly sh(p. A8 thé accounts for2023 were prepared on a Racelpts and Payments basis, figures betw￿n the two year8 are not always conyarablg. Total re8ources expeNJed on general charltable aGtsvities In 2024 were £205,581, against £174,8￿ Sn 2023. Tha fifMncial results for the year, ftr bolh general actlvltl8s and other funds, together wllh a Summary of the accountlng polic4es adopted, ￿e set ¢)ut in the accompanylNJ flnanaal statsments. Reserves PollGy The church ha8 three maln regular Incom¢ 8treams: indlvldual glvlng whlch has d8pth and breadth acro98 the church, regular hall ￿ttIngS arKI profit from HBC Shop Tradlng Ltd. Operating costs of approxImata￿ £115,500 per y8ar covers salaries, cents and rnanse running costs and renu service ¢hrgo for 37 and 37A Hedlngham Place. The trustees aim to achleve a thrae month re59rvo policy on Ihe non-restri¢ted funds, which Is approximately £29,CKX). This woukd allow th6 Cmirch to meet most of its financial commitrnents for three months with a complete loss of all its inGome stream. The General Fund unallocated reserves at th8 year￿d stood at £30,594 UnckKllng the value of tha gold Krugorrand). There is also a further £24,578 hold tn designat8d funds, which could be used to help m68lthurch liabllltle8 In an emerwcy. Th6 Church also hokls tjn S8￿ra1 shop properties in Hedlngham Place and is Gontrathlly liel)le for the rants and operatlonal costs up to the next relovant l)roak data. T1￿ Clwjrth ha8 a lease on 37 8nd 37A Hedinfv Place of£18,200 from October2024 Lryj to Ocb)bor 2031 wEth rent due quarterly, but the next optlon to break on 2W October 2026 (and requiring 6 months, mtice). There are a150 leases on 39 and 40 Hedingham Place of Q86,300 pèr annum and £18.300 par annum r8spectlv8ty from 24th June 2025 until 23 June %)30. HBC Shop Trading Ltd currently m&els the costs on 39 and 40 Hedingham Plac8 whilst it is tradirKJ profitably. Trustee, Trustee INDEPENDENT EXAMWER'S REPORT ON THE ACCOUNTS OF HAWKWELL BAPTIST CHURCH FOR THEYEAR ENDED 315tDECEm￿R 2024 Resp￿1￿9 rn¥ponslbli itws of th• INst￿$ aml ox•rnknar The c￿rf¥S Iiu&teeg are respo￿lb￿ forthe preparatlon of Ihe accoun￿ The d￿r￿S Inistees ¢Mgldor that an audlt is nol requlred for this year mder &èetlon 144 of tho Charlles Act 2011 (the Charitlèg Ad) arKI that an Independert •yaminotlon is needed. It rs my respon6lbLlty to: ' 8xamin8 th8 accounts under seciion 145 of th8 Chatilios Act . to followthe procedures lald down kn the general Dtreclltxts gEven by the Chaiity Commission (under section 14515)(b) of the Charities A¢( and ' to ¥tste wh¢ther paruwlar matters have ¢ome to rny ittentlon. Basls of INlependffit ex￿Ine￿9 statww My examknblion vrn8 carried out in accordantsè Y4th thè pnèral DirnttsonB ghJ8n by Iha Chaiity Commh810n, An examingtion indudes a review olthe account￿1￿ re¢ot(b k¥pt by Ihe oharfty artd a comparf9Dn Df aceourts presented wkn iecord& It In￿de¥ ￿n$￿IeYa￿On of any urthtsual ttems or dlsclowras in the 8wJuDts arKI se.ek1F￿ explana￿on8 from the trustees ¢onwntrw ¥ny maltwB. pro¢edLf¢S ur¥Jertaken do not provkle all the evldenco Ihat w0￿d be fewlred In an audt, and oonsequenty no oplnkn 15 gNen as to whether the present a and fairf I18w and the report is limited lo th08e matt8rB S8t out kn the 8tat&mant below. 1ndape￿art Examin•r'5 Staoment In connectton wth my examthalfon, no matterhas corne to my altentbn. 1 gtves me rvdgmabie cause to belave that kn, ry matèrfal respecL the requlremerts - to kèep accounllng records li accordance I￿1h sectton 130 of Ihe Chafitie& Act; and - to prepare accounts vthich accord wilh Ihe accouThllng record6 and complyM@h the requiromenl8 of the ch￿11￿9 Act have not been met. or 2 to whlch. In my oplnlon, attentlon 8hould be dra￿￿ kn order to enabkn a prow under8laThJtng ofth& iccourts lo be reath@d. J Clarko FCCA CKS A¢¢ountanoy Limtted 1349-1363 London Road Lelfvn44a Essex 4th 8epknnber 2025 ELL 3A FINANCIAL STATEMENT CE Ge￿ra1 Designated Re6trÉded FUNI Fund Tolol Total Inc¢>ml Voluntary lrtome Actlvltl29 for oon8ratlng funds Invéstrnènt Incom8 Incthi5ng Reeoutrhs from Chatltd)l* AcllvftFos 23CI.142 21.378 41.337 10,451 18.353 4.570 334.00 251086 21.712 41.337 19,995 118,101 21,056 B,021 Total InGomlng Ro•ourco9 303.30B 13.925 336,109 2W.334 eBourca8 Ex BndBd CharitableAdvltles Cost of generati￿ Ful￿3 205￿1 510 S,755 12.590 224,926 ￿,583 570 1.200 Total Regour¢ts U8gd 207 351 8.75S 2CQ,277 Net r8sourc8 95857 12,121 1238 109,414 {5,943) TranstsT bfttwe8n fuF￿$ . In 9.000 901 91Q 18.9101 N8t movgment in ftJtKly furyear 104.867 3.211 1,3 109,414 (5,943) Fthyl Bal￿ at 1 January 2024 Valualion of ass818 6,427 474A96 . 21.365 8.06B 35,8FI 474,496 41,8(KJ Fund B*nce at 31 fiec*mber 2024 24.57a EL ESH BE Genernl FUTh D￿. nated Restrlcied Fu￿d Total 2024 Totsl 2023 FixeD A8SET8 Tanglbb A8wets Redory Road Man8è KNgpirarKI 1ozgdd coh legllm#lpAI valu8) 472.398 2.098 474.496 472.398 369.424 474.498 1,046 CURRENT A88￿3 CAF CU￿nt 9J¢ CAF Dgpo$it Go Church- Cash London Bapllst Popety BDard Mon In Shed5- CsBh G*b Btig*- Currental¢ Gtrb Biigade- Cash Bpy8 Irri￿1e. Cwrnnt Blc PI,45D} 5,708 1.527 41720 8,708 1a,4S7 910 42,720 172 6A13 172 16 6.413 78 28.4 24,57 8,450 61,522 36057 MONEY OWED TO THE CHinlCH 10 69,127 70￿78 rdoNEY Ov￿￿ BY T￿ GTrRMiCH EBA aslxt08 loan 11 1.375 4,477 {477 11Q148) (13,6711 113,6711 1,375 'roTAL A88ETS 24.B7 9A01 619,767 405.528 Trusts¢,' PTIST CHURCH STOTHEF NCIAL 8TATE YEAR E E031 ENT i) 1 8￿￿01 1.1 Basls of A¢countlng These a￿￿nts havo beèn prepared undèr the hlstoknl cost convenknn v41th itenis r8a)gnlsed al CDSt or trans￿11￿ valu? unl058 othe￿Age stated kn lh8 rebvant hDle(s) lo those a¢£ounts. The acco￿ haw l)8en propwed In accord•r￿ wlth the Flnanclal Rewrthg sta￿rd applTcBble in th¢ Unkod Kingdom and RopubVG of I￿1￿nd (FRS 102) abxl wlth thè Charfties Act 2011. The thaiity ron81ilut98 a publi¢ bonefil gntity 88 dellned ty FR8 102. The accwnts NèsoAt a trn8 and falr vlew. 1.2 Gdng Concern At the time of approving the ￿ancIalstabMert8, the tru8tee& have a reasonabk8 expectation ltr￿ tho Charfty ha$ adequatg re80urce8 to conllnue its operauonal èxlslence for the foreseeoble future. Thu8 th6 tru8t8e8 ￿ntinue to adopl the golng ncem ba818 ¢*Sc¢ounll￿ In prerwkna *1* Ilnonclal stalgments. 12 Change of pollcy Pf8vlou8 acc{K￿ have l)oon prepared u8lng Ihg R8celpt8 and Paym¢nt8 mèthod. 2LY22418 th8 fir8t YW L'hangbw to AcwualB basls accounltn9 duè kn reachknu the £250,ODO Ihreshokl. 1.4 Charftabl# l￿d$ Uttrestrlctod fvnds aro avalable lor u80 at th& dlsuethjn of the tfutst￿ wi furthernnL of thelr (th8Tltsble obJecll¥es. Designated funds ar@ Included Uw Un reS*rfr￿ funds. Re8trfGled fundo are subject to Bpedllc ￿nditIonS by d(Jwr• 45 *) howttw may be us￿1. the puryjoses pmd uJe$ of ts r8¥lrfctsd funds sei oul wn Ihe n(*es orthe flnrtal stat8m8nts. Income * r¢cwis8d when ts clwity be¢(Kne8 ertllled IL) Ihe resou[￿. and the M<￿et￿ry value rni be w*8$KJrnd vAth 8vII7¢ie￿ fefAbiW. Legacle8 rwx)gnt8ed on re￿Ipl or Irthe tharty has be8n nollftod of an Imp￿dIng dlstrfbution. thp amount Is known, and reCe￿t b expected. ff ihè 18 not kn¢J the19tJae¥ is treated a$ a conilno8nt as8eL Gift recoi¥alAe is irduded kn incomg v#wn thwe18 8 War￿ de¢larathn fYDm Iha donty. AnyGiftAld amount re¢ov8rEd on a donatlon ￿ consKl8r8d to be part of that grtl and18 lrnated a8 an addlllon to the ¥Jmo lund as th8 kni Mlal (th)nallon unless the onor or Ili& temis of the appeal ttave speellled olheNIso. U￿1[￿leS are reco￿lsed ￿re 1*15 more Mkety than not that Ihore o a legal or on$tnIct￿ obfwllon commltthg the rjiarity ￿ pay out re8rAITce8 and thè amouni of the obl￿atIOn can be mea8vred )hith rea8onMbl8 Cert8lnty. BuikJinF are ¢Je8En8d to h8ve 8 value equal to, or greatertsn. thelr Ca￿y11￿j omount and th￿￿01¢ AO d8prerJal￿ is recognlseLi Debtors are measured on IIHtlal rv¢ognSllon at settknient amount allar any trath dlscounts or ad¥an(*d by the Chwty. SubBequontty. Ihey aro measured al the Lash or other CDn51deratlo￿ oxpected to be recdwed. Inve8tments hBld for re8tt18 or ptsndlng Iholr tsale and oa>h cash t4ufv81•1ts wlth a mattthty of le88 than 1 your ère Ireaknl aB currènt asset Ihve8tmants. GB & BB malntaln thelr own banklng anwemants. Other Eecttons uÈ6 the Chwch tsonk aocountand run petty ¢88h. 10 Fl en lft and Cmrny Sh¥J$ 81opTtttM fAhtr 28,180 7A.fAS I,GQC4 ¥,6 4,916 4030 Othe[en￿wI￿N￿l glvlT ClwtAyVuutthr rs IAYI H8C 9￿p Trgdlffj Lld prom S￿0￿d0n0￿l0n￿4￿￿ 142@57 17AI9 181fv76 17, 155 12 72 230.142 $fj6 17AIg rè8tylGi•dFwd Re8tshrtodFurtd rot•l 2024 2029 Falth Hap• 8111 Chorliy ThonK rèrfctwr¢h F￿￿rath Ev 14247 12314 1A5 1.378 12 FuL•J F* llope 5WTIIkn Oikr sè¢UD 2W4LI 37.114 R￿l￿rt F￿d F*lth Chw¢h 84¢11)Fb¥ Othew IrwMèfromGhrtOtloAfthl￿j CommuthNUB SÈcOono 1.843 609 18 11 UnT•tdgd FurKI Total 202) Fath Ht•a ¢ha¥ 81wd8 SlwTtth& *Xtrc Gollefal Otrerfn 21,119 40.926 MM￿¥ter89j&rl & Eyp8ns&s AdMIr￿￿rAtOr&￿￿ boukkeeper Vffjlfthgs 48.IlJ5 1Q1•S DeslqrAted TtA¥ nk offering f(#￿. £90 to belaiice Tlwnk Offering to zero. 15 Fe0&￿eXamInatIon of fndep2ndWtt Exa￿￿5 foa 600 16 2023 Salarfes {tiK pension and M)pl)w N 83.874 F￿[ Ttrne equlv*nt Head coiml 2.10 Dwfflg the year the Church enwloyed 8 tsll tlme MlnlstrJ. Adrnlnistrator: 11.5 hours pEr weeL Clwrch Cawtak8r. averagp of 2 Iw)ur8 per week ts the ChLwch and 4 IwuT8 per week other adhoG WOTk on 8it8. Cafe HUB caratsker.. aver8ge of 10.5 hours perwtsek and an adthtion814 h￿r per week lor th¢ Cwnmunrty HUB {37 HedlnglHm Pla￿} and Sffft adliac hours wlth the trfuttJishm8ntin Churth. No employee eamed £80,ri)O p.a, or mo One twste&. vdho IB also an oflkce holder, Ilved Recw Road MwB&vtholly Dwied by th8 Churth. IT latgd artle5 1s¢losure ITh8 minleler Is a tlugtee and his wifo was paid lor counsèiiing 3¢r¥lces In Iho Commui¥ly HUB. All InwAGg8 have begn appmd by anulherThAstee 2024 £1.075 (2023 £1.437). 14 T CIHIRCH OT•tE FIMANCIAL LOR THEYEAR ENDED 31 DECEM8ER Rootrlctqd Brfoad2 2•24 Brb8da yfjth￿b 202a Imcow? 1.11Y FM5wr*thg EveErt6 127 127 240 1.349 1,9 3,256 Ttonn & B3ty¥ Admhtshlknj &Trfps 4619 {50) 0.314 7.313 7.17B 8.17T 076 6.314 78 7,176 TOTAL OIHER LOBBY OThER 6Ht&td omroa SiuxtyfkthalEDt)&gKom4 Otherplwned pivmg 120 120 530 200 1.198 1,198 791 400 410 ¢ME¥Jtts ¢h*lllps 382 382 a57 017 2r1 457 617 211 2Y1 15