A company limited by guarantee - registered number 07863666
Registered as a charity in England and Wales - No. 1150434
London Baptist Church
Report and Accounts
31 December 2024
London Baptist Church Registered number: 07863666 Trustees' Report (Incorporating the Directors' Report)
The trustees, who are also the directors for the purposes of company law, present their report and accounts for the year ended 31 December 2024.
Principal activities
The company's principal activity during the year continued to advance the Christian faith for the benefit of the public.
Trustees
The following persons served as trustees during the year:
Mr S H Kim Mr T Ho Mr Y Cha
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 2 December 2025 and signed on its behalf.
S H Kim Chairperson
1
London Baptist Church Independent Examiner's Report to the Trustees
We report on the financial statements for the year ended 31 December 2024, which are set out on pages 3 to 6.
Respective responsibilities of Trustees and Examiner
As the charity's trustees (also the directors of the company), you are responsible for the preparation of the financial statements. You consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Charities Act 2011,whether particular matters have come to our attention.
Basis of Independent Examiner's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commission.The 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 turstees 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 statement below.
Independent Examiner's Statement
In connection with our examination, no matters have come to our attention: 1) which give us reasonable cause to believe that, in any material respect, the requirements: i) to keep accounting records in accordance with section 386 of the Companies Act 2006, and ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Reporting by Charities
have not been met, or
2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Yang & Partners Ltd trading as Archbird Chartered Certified Accountants
Suite 41, Chessington Business Centre 37 Cox Lane Chessington Surrey KT9 1SD
2 December 2025
2
London Baptist Church Statement of Financial Activities for the year ended 31 December 2024
| Incoming resources Donations Investment income - bank interest received Total incoming resources Worship and supporting activities Administrative expenses Interest payable Total resources expended Net incoming resources for the year Total funds brought forward Total funds carried forward |
2024 £ 675,535 12,418 687,953 (59,540) (438,654) (4,360) (502,554) 185,399 1,844,569 2,029,968 |
2023 £ 712,959 14,373 |
|---|---|---|
| 727,332 (52,696) (127,059) - |
||
| (179,755) | ||
| 547,577 1,296,992 |
||
| 1,844,569 |
3
London Baptist Church Registered number: 07863666 Statement of Financial Position as at 31 December 2024
| Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 6 Net assets Funds General funds The Charity's total funds |
2024 £ 2,246,683 2,004 20,781 22,785 (1,612) 21,173 2,267,856 (237,888) 2,029,968 2,029,968 2,029,968 |
2023 £ 13,780 11,015 1,821,876 1,832,891 (2,102) 1,830,789 1,844,569 - 1,844,569 1,844,569 1,844,569 |
2023 £ 13,780 11,015 1,821,876 1,832,891 (2,102) 1,830,789 1,844,569 - 1,844,569 1,844,569 1,844,569 |
|---|---|---|---|
| 1,844,569 - |
|||
| 1,844,569 | |||
| 1,844,569 | |||
| 1,844,569 |
The director are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S H Kim Chairperson Approved by the board on 2 December 2025
4
London Baptist Church Notes to the Accounts for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), Charities SORP (FRS 102) and the Charities Act 2011.
Incoming resources
Incoming resources are recognised when entitlement has passed to the charity. Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Legacy income is recognised when receipt is probable and entitlement is established. Income from donated goods is measured at the fair value of the goods unless it is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Income from donated facilities and services is recognised when received if the value can be reliabley measured.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance Motor vehicle 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| 2 Employees Average number of persons employed by the company 3 Tangible fixed assets Land and buildings Plant and machinery etc £ £ |
2024 2023 Number Number 2 2 Motor vehicle Total £ £ |
|---|---|
5
London Baptist Church Notes to the Accounts for the year ended 31 December 2024
| Cost At 1 January 2024 - Additions 2,213,606 At 31 December 2024 2,213,606 Depreciation At 1 January 2024 - Charge for the year - At 31 December 2024 - Net book value At 31 December 2024 2,213,606 At 31 December 2023 - 4 Debtors Other debtors 5 Creditors: amounts falling due within one year Other taxes and social security costs Other creditors 6 Creditors: amounts falling due after one year Bank loans |
16,094 30,322 46,416 7,155 9,815 16,970 29,446 8,939 |
27,200 - 27,200 22,359 1,210 23,569 3,631 4,841 2024 £ 2,004 2024 £ 632 980 1,612 2024 £ 237,888 |
43,294 2,243,928 |
|---|---|---|---|
| 2,287,222 | |||
| 29,514 11,025 |
|||
| 40,539 | |||
| 2,246,683 | |||
| 13,780 | |||
| 2023 £ 11,015 |
|||
| 2023 £ 722 1,380 |
|||
| 2,102 | |||
| 2023 £ - |
7 Other information
London Baptist Church is a private company limited by guarantee and incorporated in England. Its registered office is:
Bible Study Community Centre Unit 148-150 Penwith Road
Earlsfield London SW18 4QB
6
London Baptist Church
Detailed statement of financial activities for the year ended 31 December 2024
| Administrative expenses Employee costs: Wages and salaries Travel and subsistence Motor expenses Premises costs: Rent and church usage cost General administrative expenses: Telephone and internet Stationery, postage and printing Subscriptions Bank charges Insurance Repairs and maintenance Depreciation Sundry expenses Legal and professional costs: Accountancy fees Other legal and professional Other operating cost Interest payable |
2024 £ 26,400 1,792 5,214 33,406 50,897 50,897 862 606 2,008 110 11,635 316,703 11,025 595 343,544 1,470 9,337 10,807 438,654 (4,360) |
2023 £ 26,405 1,860 6,598 |
|---|---|---|
| 34,863 | ||
| 51,522 | ||
| 51,522 | ||
| 509 748 315 - - 21,504 4,593 1,929 |
||
| 29,598 | ||
| 1,770 9,306 |
||
| 11,076 | ||
| 127,059 | ||
| - |
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