REGISTERED COMPANY NUMBER: 07605036 (EnglADd and Wales) REGISTERED CHAIUTY NUMBER: 1150563 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 FOR STOPSLEY BAPTIST CHURCH (A COMPANY LIMITED BY GUARANTEE) Higginson & Co WK) Ltd Statutory Auditors 3 Kensworth Gate 200- 204 High Street South Dunstable Bedfordshire LU6 3HS
STOPSLEY BAPTIST CHURCH CONTENTS OF THE FINANCIAL STATEMEwrs FOR THE YEAR EIYDED 31ST DECEMBER 2024 Page Report of the Tnte¢S i to 10 Report of the IndependeDt Andi¢orJ 11 to 14 StatemeDt of FiDaDcial Aetivittes 15 S¢at¢ment of FIDan¢ial Position 16 Statement of Ch Flm 17 Noles to the Statement of Casb Flows 18 Notes to the Ffinanei81 Statements 19 to 28
STOPSLEY BAIYTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 The trustee5 who arc also directors of th¢ charity for the purpos of the Companies Act 2006, present their port wilh the financial ststemenls of the charity for the year ended 3 1st December 2024. The tnteeS have adopted the provisioTrs of Accountin8 and Reportin8 by Charities: Stsiement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rewjrting Sthndatd appIlble in the UK and Republic of Ireland (FRS 102) (effeclive l January 2019). OWECTIVES AND AcfiviTIES Objeetfvey and purposey Siopsley Bapiist Church ('SBC') is commilled io pursuing its objects of advancing the Christian faith in a¢¢ordance with its Ststement of Beliefs, of relieving sickness and financial hardship, and promoting and preserving good health by the provision of funds, goods or services within Lon, thc Uniied Kin8dom and across the wider world. These ends are pursued by the provision of regular opportunities for Christian leachin& prayer. and worship in our SuDday services and in a range of other community groups and settings through the week because the church b¢lievcs that ihe good news of Jesus Christ is not confined to those within the church ajone, through shoring th¢ nSsage of hope found An the 80spel through a rang¢ of community and outreach acttviti¢s in Luton and in the mission activities of our local and After a period of stability. 2024 s&w some increase in the numixts in attendance both on Sundays and espxially across our midweek activities. We continue to stream our Sunday services achieving a reach Iyond our lo¢al geography and providin8 accessibility for those not able to physically attend. Our vision at SBC Rnuins expressed as an aspiration to be 'an extended family, growing and being ts$fornyed in Jesus Christ and sharing the good news wherever we 80,. Our chur¢h 1$ not a Swthy ¢lub or a "religious" 8roup as such but a whole life community, lookin8 upward to Jesus Christ and outward to our neighbourhoods and contacts. The mission of the church is lo engendcr a life and a Culture that seeks to influence and tran$forni us as individuals and, throu8h thal to transforn) our communities. Leadershlp and stsffing June 2024 saw our Senior Minister move on, after 15 years in leadership at SBC. to take up a new role in a church in Exeter. As part of our proccss of adjuslmenl lo this the trustees look this opportunity to re4valuate our vision. leadership stsThcture, direction arml our strengths and weaknew seeking to identify any ¢hanges that might be appropriate and to definc thc type ofpcrson w¢ should look for to lead us forward into the future. This process involved extensive discussions amongsi the trustccs and key leaders along with extensive consultstion with the church members, involving written survey. colleciiv¢ s¢rninars and meetin8s over Seve months. A search leam comprised of a mix of trustees and chureh members of different 08es and cultural backgrounds w&8 forn]ed to evaluate the feedback from all this consullation and produec a profilc of thc church along with a specification for the person we are lookin8 for to be our senior minister. This profile and sifiCation WLS completed in Ociober and we lyn advertising the positÈon io November throu8h our affiliation with the Baplist Union. In parallel with the search team. a second te8m ¢ompri5cd of trusi¢cs and staff Icaders was created to deal with the many practical impacts that T¢$ult from losing a senior member of stsff and this resulted in several of our key staff stepping up their working hours andlor job roles on an interim Iwsis. There is a shortage of rninisty candidatos in the UK, even more so of those with the gifting and ¢xpericnce to l¢ad a church as large, diverse and active as SBC so we anticipate the process of identifyin& calling and appointing a new Senior Minis*r could be a protra¢t¢d on¢. Su¢h a period is known in churches as an ,InierreUrn' and can often be a very rich and catalytic time, as it gives many opportunities for individuals to st¢p up and use their gifts and to grow in their own leadership abilities. Such been our exkKrience at SBC thus far and a sense of p)sitivity and ¢x¢item¢ni prevails. In the Interregn the church continues to be kd by our teatn of 8 Ejders who are the directors and Instees.
STOPSLEY BAvfisT CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEllfBER 2024 In 2024 we had several other stsff change4 our Governance and Adminislration Director left us at the end of the year and our fornKr Owations Manager stepped up into a new role of Omions & Govwnanrx Dir¢cior. Our Finance Offir also r¢tiT¢d and was replaced. SBC continues to practice environmental concern. A legacy gift enabled to invest in a large solar panel atTay on ¢hurch roof that reduced our carlm footprint and delivered significant savings in energy costs over th¢ year. Signifieant Aetiviti Worshi and er 2024 saw us continuing to enjoy a vibrant rhythm of gathered worship and prayer week by week at our n1n building and w¢ had th¢ joy of baptising 3 PpIC. On the announcement that our Senior Minister was moving on we immediately lled the chur¢h to a month of prayer and fasting and this is som&bing we have given emphasis to building on through the year. We rnnain ¢oMnlltt to filOnIng intergawationauy and inter-culturally and are int¢ntional in utilising a wide range of difftrent people. age4 backgrounds and cultures in the delivery of our services. We endeavour to adapt our leh]ng themes to be consistenl across adults and ¢bildren and thereby to adopt ways of being together that seek to engage, allow contribution, and learn from all ages. We are also cognizant of different personaj learning styles and have used a range of nKdia in teaching to faciiilale communication and involvemeni for all. We ¢ontinually seek to improve our farnily area in the church auditorium which includes a sensory tent with a weighted blank¢L noise-cancelling headphones and sensory toy& to help those who might n¢¢d that space, and we have baskets of colouring pages. bible story IKN)ks. stick¢r& ¢rayon& motE seTL80ry toys and worksheets relevant to each w¢¢k. We continued to develop our monthly 'Fease service. a shorter service where all geneJ3tions stay together for the whol¢ time to reinforce the idea of 'whole church,. We explo a bible story together and encourage the generations to interact together in en¢ouni¢rs that point to Jes. Outside of Sunday s¢rvic¢s and prayerlwothip rneetings we continued to offLY OPFK)rtunities to engage in worship in different contexts throughout the week serving several distinct congregations. significant among these have been: Our SenioTS provision which happens monthly on Sunday afternnS plus nnthlY on Tuesdays with volunteers from the ¢hurch providing transwt to and from these activities for the majority of att¢ndees. Our seniofs leadership team and volunteers keep in regular contact with our senior& ensuring their welfate and providing any necessary assistance. Messy Church has continued to be part of our worship. meeting half ternily after school during the week. This offers a ditTercnt style of opportunity io pursue a life of faith in chri and drawing in. and serving, a community of people. predominantly comprising young familie4 not generally seen on Sunday morning. Onrx again, we ran 'Messy Easte and 'Messy Christh)as' services on Sunday mornings as a whole church initiative, which broughi together our Sunday and Messy Church congregation Patchwork, on Mondays, provides a cross-8enerntioDal dropin session which drnws in both the older generation and young parents with their children arKI h&8 seen significant numbers attending w¢¢k by week. It has teeome an important )int of contact and relationsbip building for many. This time always incorwes a clear Christian message and ¢hance to resp)nd through a prayer aclivity.
STOPSLEY BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31ST DECEMBER 2024 Communi ement Our vision to bc extended family extends to our local community and, under the leadership of our Evangelism and Community Engagement Pastor, 2024 has again seen us making tangible progress in moving forward in this vision. During the year, the letting of our facilities for Conferences, community and health and welfare activities. increased. We r¢nl some office spacc to local chariti¢s and small businesses? providing additional income as well as an expression of our vision to be an available space for extended family and community. Our Community Garden. now in its 7th year. continues to be a facility that is used daily and loved by many. It is overseen and maintained by members of the church and others from the wider community. As well as providing a safe space for local people and families to enjoy, it has been the focus of multiple community events. including 'Garden Church, and celebrations of Easter and Christm&s, and has hosted artivities organised by a ran8¢ of different ¢otnmunity groups. Our vision to build on the success of the Community Garden and create a 'Community Hub. took a major step forward in 2024 as. thanks to a generous legacy from a fomKr church member, the assistance of a local buildin8 company and a team of local volunteets, we were able to extensively refurbish, re-decorale and rwuip our fonner church hall, aloDg with its car park, to Create 'The Living Room, . a large indoor space adjacenl to, and complementing? the Community Garden. As well as spaces for individuals, groups and family activities, the facility will also inCoorate a 'Men's Shed I W0ShOp, which is to be generously equipped with tools donated by the community. W¢ hav¢ secured funds to employ a hub manager and the indoor facility will open to the public early in 2025. We support a community outreach project called The Tent Project focused on dementia support. led by one of our members and delivered in parthership with Si Thomas Church and others. A Singing Café run by the Tent Proj¢ct stts up to 80 attendees every week. We continue to run 'Foodworks'. a ministry supplying food parcels to referrals received either personally or through a range of agencies and stocked by members of th¢ church and through ¢ontributions from th¢ community and local schools. We also work in parthership with Luton FoodbanK acting their weekly distribution point for our immediate
STOPSLEY BAFYIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 OWEcfivES AND A1VITIEs signifin¢ activities Children's and Fami Under the leadership of our Families and Youth Leader. Assistani and our Early Years Lead. our ministri¢s for kids and young people continued to thrive and we continue to put thou8ht and reSe8h into what we do and to ty our new ideas. Outside of Sunday servi¢¢s We Tun mu]tipl¢ mid-week sessions: 'Hullaball, for wly years. 'Babybaloo' for new par¢nts and under on¢s and 'Childminded. which is SpecifillY for thosc in that prof¢ssion and their char8e& As well as a place for parents and young children to meet and find mutual supp)rt we introduce bible stori4 songs and prayer in all these sessions and seek io open OprtUni1]eS lo share more meaningfully at these times. Demand for these sessions remains high and they are regularly oversubscribed. Our Junior Section of the Boys Brigade continues weekly aDd welcomes boys aged 7-1 l from the community. We continued to 'Kids Socials, for children in primary Xhool, a chance for them to connext with each other. Numbers attcndin8 hav¢ gro with rn0 cbildren coming froni the community ongS1( our own COD8tt8ation. We also regularly provide collective worship to local primary s¢1)1& sharing bible slories and the messages of Easter and Christsnas. We maintain a weekly ¢mail to famili¢& with malerials and resour$ to ¢quip parents and carers to rni8¢ God- onnKted thIldre and our Families and Youth Leader meets with individuds and f8mili¢s who ned extra Support. Under the leadership of our Farnilies and Youth Ixader we have consislentIy provided our young people with quality times for en8a8emenl with all aspects of th¢ Christian faith: Our re8ular events included: Our Sunday moming thing group for I1-14'5 'Pulse' has grown in numbets. A monthly Sunday morning session for'14+' with a focus on hearing from key leaders in the chur¢h about leadership in their conlexts. 'Jusi Girls. . a discipleship group that meets lernily for girls 88ed 11-18. led by a committed team of ladies workin8 through how to stay connected to Jesus. Our Boys Brigade's Company Section which meets weekly for 11-18 boys and has encoura8ed and enabled many of them io work iowords and achieve Duke of Edinbur8h Awards. Two youth groups run weekly: 'IMpt, for 9-13,$ and 'lgnit¢' for ages 13-18, plus a monthly SOCI session which draws both these age groups together and ¢reates a mmmunity and connection and funl We also organised the following special events: A youth weekend away in March called 'Connected' which focused on staying connected to Jesus through prayer. bondin8 together as a group and sharing life tO8¢th¢r. We took 5 of our young peopl¢ on a Youth Mission Trip to Albania at Faster in Collaboration with YWAM Harpenden, through their Mission Adventures progra5Dme. This w&s a time of spiritual growth and stepping out of comfort zones lo share the love of Jesus. Subsequently, th¢ youth have Set up a specific Youth Mission Team group which m¢¢ts regularly to pray for the nation5, encourage others in evangelism and organis¢ future trips.
STOPSLEY BAYfisT CHURCH REPORT OF THE TRusfEES FOR THE YEAR ENDED 31ST DECEMBER 2024 In AugusL we took 20 of our older youth to the "Satellites. festival run by Youthscape. which was a time for them to grow in their experience of Jesus and the Holy Spirit. Finally, in O¢toL*r. we ran an eveni called 'Choose lo Lose,. whi¢h was a fundratsin8 initiativ¢ to klp thos¢ in the persecuted Chllh. The Challenge involved losing your bcd for a night and slttpin8 on the floor, alon8 with being deprived of oth¢r material things such as shoe& Wi-Fi. food. walLY, pknnes and lights. This was reinforced by b¢Ang taught what it is like to be a young person living in a county where it is illegal to be a ChTiStian. G14M is a self-fijnded project of SBC with its own Manager, ststT and governance EM)ard. It exists to m¢¢( mcntor and help referred young people in Luton. It continues to 5trcngthcn and add to its existing courses and review the best way lo deliver material to the current generation. During 2024, 10 n¢w volunt¢¢rs were train& many of whom are now part of the team. During the year it provided the following services: Group Mentoring Courses: Building Self-Esteem, Dealing with Anger, Exploring Identity through Creative Process, Six Words, Hanging oui Safely and Six W¢¢ks of Summer, for a8es &12 - A Wednesday Evening for ages 11-16 - A Saturday Dr(pIn. Group Menloring ¢ours¢s opmtc in a way that encourages conversation around a thble and invites yowig people into a new story. where they create something with an arfjcraft theme and allows them space to open up and share th¢ir thoughts. We have also encournged the building of positive friendships by 8ivin8 social tim¢ within a saf¢ spa¢e. Our Saturday Drop-In provides a relaxed spac¢ th we can cncoura8e young people to make friends and develop their social skills. The numbers of youn8 people attending this have increased to an average of 25 and we have found thai the friendships within this group include every a8e attendin8, which is a real joy to see. It also helped the younger ones, who join us on Saturdays before their course begins in September, to feel settled ond to make friends. During the summer holidays we ran 'Holiday Drop In,, which was open to all of our referred young people and included games and activities within a safe environment. Many do noi go on holiday and this gav¢ some time away from home to enjoy. We also provided lunchtime meal& as we are very aware of those not getting frtt school meals durin8 th¢ Ilidays. W¢ su¢s$filY took our 'Hanging Out Safely" Course into our local High School anLI on the back of this success, are l(K)king to add another course to the prograrnme. We attended events for mentsl health and wellbeing at another local High School. where we had many Fosilive conversalions with the young people. We receive many referrals from both these schools and it is a privilege to be PArknering in this way within the local community. We are also partnering with various organisotions across Luton to support one another in tackling some of the issues young people are facing. Our part in this is to brin8 awaren young people in a way which helps to prevent the becoming involved in hprn]ful situations. Global and Cross-cultural Mission The church continues lo SUprt work overseas in the Balkn& CamE()di4 Pakistan, and the Middle East through prayer, pa5tOTal care, personal and group connection. fundraisin& pastoral visitslcare and short-terni trips. We have members who serrfe overseas full tim¢ or trav¢1 frequenily as port ofthcir ministy. We support a project based in Luton which offers frientship. English languw le8rning and basic skills support to difftrent ethnic groups found in the tow4 notably arnOn Pakistani Muslin. This involves a number of our chur¢h who regularly volunteer. serving in ditTerent ways reaching oui lo community.
STOPSLEY BAIryIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 Organised trips ITh 2024 included a Youth mission trip to Albani a small group who ministered and tsught alM)ut aulism awgreness in Kosovo, a pastornl trip to Albania and a led retre* in Macedoni& The SBC family raised over £50,000 in 2024 for our overseas mission parthers to help fund individuals who are involved in educatio serving the poor and equipping and developing leaders. The ¢hurch continues (o work hard to offer care to thos¢ who attend the church and to the wider Mmunity at all level4 including connecting people into extended families where much first line pastoral care and support occurs. We have a PasrnI SieLYin8 Group covering th¢ breadth of our community and responding in cases of more significant All this. along with the many other activities thai SBC leads and facilitstes, amply fulfils the criteria for public benefit laid down by th¢ Charities Commission, as w¢ll as Blorifying the God whom we follow in Jesus ChriA. At the end of 2024, the Church had 216 affirnied rnemberJ plus a similar number of regu18r non-member attendees. FINANCIAL REVIEW Flnanclal position During the year und¢r review, the objective was to maintain the reserves in the general fund in line with th¢ agreed policy. There a deficit for the year of £22,470 (2023 deficit £4,906) in the gencral fund. Th¢ d¢$ignat¢d fund reduced by £113,733 leaving a balance of £2,033. There was an increase in restricted funds of £22,660 (2023 decrease of £6.594). Total income for the year was £616,125 (2023 £569,405) and iothl ¢xpendilur¢ £729.668 (2023 £642,739). More detailed infomiation regarding income and expenditure can be found in the Notes to the Financial Statements. Investment polley and obJe¢tlveg The trust¢es consider Ihat the prcsent policy of investin8 fund$ in hi8hcr rate bank accounts offers the l¢&sl risk in th¢ current economic climate. Any funds not required for current use are invested in the Baptists Together 3 Month Notice Account. Regeryej poll¢y The tnistees have considered the requirements for reserves based on the main risks to th¢ funding. The StrICted tiviti¢s are mainly supported from contracts or fundraising and all of these activities could be r¢duced without significant risk. Reserves are therefore only required to cover unrestricled activities, namely 8eneral fund. Approximately 91P/o of general fimd income comes from the re8ular weekly or monthly commikneni from Members and the gift aid recovered on it. Consequently, it is considered thai the UDrestri¢ted funds not Committed or invested in tsngibl¢ fixed a8t$ should ultimately b¢ no less than 1.5 months of expenditure. As of 31 December 2024. the general fund reserves calculated on the above basis were £103,381 representing 3.1 months of future expenditure. B&8ed on the budget expenditure for 2025, the reservc Iget will be £50,909.
STOPSLEY BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR EI¥DED 31ST DECEMBER 2024 FUTURE PLANS In 2025 we will be continuing our seah for a new Senior Paor. We will not be merely Waiting but Continuing to live and reach out in this rffiod of change. We will continue to Maintai develop, adjust and evolve all areas or our existing activities. looking to members of the chch to step forward where volunteer supp)rt is need¢d and offering a one-year internship programme for young adul We will continue to opernte out of our objects and our vision statement that envisages our churth as 'an extended family. growing and being transfornjed in Jesus Christ and slwing th¢ good news wherever we 80,. 2025 will have a P8rticuEar foc8 on themes of hospitslity, discipleship. and conununity engagemenL the latter focused on the launch of th¢ n¢wly ¢OMpl¢l 'Livin8 Room, pmvision at the Gre¢nHous¢ Comrnunity Hub. Early in the year we will be appointing of a part-tim¢ Comrnunity Hub Manager and start a 'Men's Shdlworkshop,. Creating an associated community specifically aimed at men. A similar community targeted at women will focus around knitting and needlework. Other initiatives are expected to take shw and follow. all aimed at combating lon¢lincss and isolation. and developing relationship amongst and with the local community srRucfuRE, GOVERNANCE AND MANAGEMEI GoverniDg document Stopsley Baptist Church w&8 registered as a company limited by guarantee and baviDg no share capitsl on 14 April 2011. company number 07605036. and regiStrlon Ls an indepcndent charity was granted on 22 January 2013. clwity number 1150563. Until 20 September 2013, SBC Oated as an unincotFtcd business and had exceptcd charity via the Baptist Union of Greai BrilaiN who is the custodian trustee for the church properties. With effect from l O¢tob¢r 2013 all income and expendittwe for SBC has been reflected through the company limited by gu8rantec. Recruitment and appointment of new trnstees Elders are appM)inied by a fomial ballot at a Church Members. Meeting once appoint automatically Ixcom¢ trustees. The minimum number of elders is three and there is no maximum number. An elder serves for an initial te of thre¢ years bul may be reappointed for further tern. No restriclions apply to the Senior P&sior WIM) is automati¢8Jly an elder and trustee. Organisational struetsre The tnjstees are accountsble for the overall management of SBC. This tyrt contsins a list of those who served in this capacity. The day-to4lay provision of services is overseen by a staff team CUTrently led by an interim pastor. This tea is responsible for the operational management of the charity. the recruitment and supervision of volunteeryts and the development of skills and procedures in line with good ptactice. There are also approved policies for Volunteer Inv¢stm¢nL Risk ManagemenL Confi1 of Inter Safeguardin8 Vuln¢rabl¢ Children and Adul Complaints Handling and Paying Staff. SBC is a mernl of the Baptist Urrion of Great Britsin and the Central Baptist Association. Induetlon traknlng of new trustees New trustees are expected to familiarise tknselves with the charity and the conlext within which it OFffites. They are also required to read the Charity Commission publication 'The Essential TnLStee: What you need to kno.
STOPSLEY BAvfisT CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 STRucfuRE. GOVERNANCE AND MANAGEMENT Affiliations and relationghip$ SBC is a member of Churches Together in Luton and has been involved in town-wide initiatives thThgh the umbrella of th¢ Transforming Luton organxsation. We continue to enjoy good rclationships with other churches acro&8 the town and in the immediate are& Severa] members of the church have also pmvided suptx)rt to these other churcljes through preaching. We continue to supporL through individua]& and in some cases as a chrt the work of a number of lo charities and parachurch organisations. Fornlally, SBC Iw four L(Kal Parlner5 with whom we maintsin a closer relationship of support and muttd benefit. these are Azal Youthwe (Luton). Noah and th¢ Luton Community Cbaplain¢y. Internationally, SBC is a Manber of Rthk Ministrie& which seeks to ¢orni¢¢t ¢hurches glolY for collaboration in mission opporiunities and church planting. Several of our staff and members attend CoDfrrees organised by Rad$tk and one of our members sits on the Radstcrtk Board for Northem Eumpe. Risk management The trustees have a duty to identify and review th¢ risks to which the charity is exposed and to ensure appropriate ntrols are in place to provide reasonable a&surance again* fraud and error. In the short te the risks of a sFK)rtfall in funding minimisd by the reserves held and the commithienl of the members through donations and monthly stsnding ordeTh Inlema]ly. prrtedures are in place for the authorisation of exp¢nditte and the receipt of moni¢& Computer records and ltyth slatments are reconciled monthly. A register of potential financiaj risks is maintained. All volunteers working with children and young people are required to )mplete Level l online sth8uarding trainin& accessed through Bedfordshire Childr¢n's Services. to pmvide a ¢urrent DBS disclosure certificate and io attend our annual trainin8 evening 'Equip'. Our Safeguarding BO under the cbair of a Safeguarding Trtthe, continues to meet quarterly and additionally whenever need arises.
STOPSLEY BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07605036 (England and Wal¢s) Reglstered Cbarlty number 1150563 R¢giglered office Stopsley Baptist Church St Thom&s' Road Luton Bedfordshire LU2 7XP Trujtees N Matlocks (Chair) S Moody (resigned 311512024) J Hylion L Mudd I Pirks C Roberts A Davie J White L Yul¢ Audltors Higginson & Co (UK) Ltd Statulory Auditors 3 Kensworth Gate 200 - 204 High Street South Dunslable Bedfordshire LU6 3HS Sollelto Anthony Collins Solicitors LLP 134 Edmund Street Birmin8ham B3 2ES Bankers Bwrlays Bank PIC 28 George Street Luton LUI 2AE
STOPSLEY BAPTIST CHURCH REPORT OF THE TRusfEES FOR THE YEAR ENDED 31ST DECEMBER 2024 STATEME OF TRusfEES' RESPONSIBILITILS The trustees (WIK) ar¢ also th¢ dirwtor5 of stopsley Baptist Church for the purpos of company law) are responsible for preparing the Report of the Tn]stces and the financial statements in xcordance with applicable law and United Kingdom Accounting Standards (United Kingdom GaKrally Acceptcd Arxounting Praclice). Company law requir¢5 the trust¢¢s to prepare financial stsiements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources 8nd application of resource including th¢ incorne and eXr•ilure. of the charilable cornpny for that pxriod. In preparing those financial ststement4 the trustees are required lo select suitable accounting wlicies 8t then apply them consisteThdy: observ¢ the methods and prin¢iplG5 in th¢ Charity SORP. make judgements and estiD]ates that aTe reasonable and pnen(. prepare the financial statetnents on th¢ going Concern basis esS it is inappwte to presume that the charitable company will continue in busIns. The trustees are responsible for keeping proper accounting records whicb disclose with re&8onable accuracy at any time the financial position of the charilable company and to enable them to ensure that the financial slatements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable wmpany and hence for taking reasonabl¢ st¢ps for th¢ prevention and dcteclion of fraud and other iryulariti¢s. In so far as trustees are aware: there is no rclevant audit information of which the clkerilable company's auditor$ 8r¢ unawarc; and the tntstees have taken all steps thai they ought to have taken to rnake themselves aware of any relevant audit infomwion and to esthlish thai the auditors are aware of that inf0mtion. AUDITORS The auditors. Higginson & Co OJK) Ltd, will be pny)sed for re-appoinlment at the forthcoming Annual General M¢¢ting. nfrl S. l..L.- 20 Approved by order of the i%)ard of trus*es on ................... ........................ and signed on its behalf by: N Mallocks (Chair}- Tn¢¢ 10
REPORT OF THE INDEPEIYDENT AUDITORS TO THE MEMBERS OF sropsLEY BAFrIsr CHURCH (REGISTERED NUMBER: 07605036) Opinlon We hav¢ audited the financial slalements of Stopsley Bapti Church {the 'charitsble company,) for the year ended 3 1st December 2024 which comprise the Ststement of Financial Activities, thc Statement of Financial Positio the Statcm¢nt of Cash Flows and notes to financial statem¢nts, iluding a surnm of $ignifi¢ant accountin8 poIi¢i¢ The financial reporting framework that h&s been applied in their preparation is appli1¢ law and United Kingdom Accounting Stsndards (Uniied Kin8dom Generally A¢¢¢pd A¢UntIng Praclicc). In our opinion the financial ststements: give a true and fair view of the stste of the charitable company's affairs as at 31st DeMber 2024 and of its incoming rvJources and appIltIon of resources. including its income and exp¢nditure, for the ye8r then ended: have been properly prepored in accordance with United Kingdom Generally Accepted Ac¢ounting Pra¢tice' and have been prepared in accordance with the requ1ments of the Companies Aci 2006. Basis for OPiDion We conducted our audit in accordance with International Stsndards on Auditing (UK) OSAS (UK)) and applicable law. Our respon5ibililies under thosc standards are further d¢slId in the Auditors, resFK)]L8ibilities for the audil of the financial statements se¢tion of our repoEL We are independent of the ChItable company in accordance with the ethical requirements that are relevant to our audii of the financial ststements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ¢thiul responsibilities in accordance with these requirernents. W¢ believe that the audit ¢vid¢nrx wc have obtaincd is sutricient and appropriate lo provide a basis for our opinion. Con¢lu8lon$ r¢lAtlng to going ¢onc¢rn In auditin8 the financial statements we have concluded that the trustee5' use of the 8oin8 concern bASiS of accountin8 in the preparaiion of the financial stslemenls is appropria. Based on the work we have pcrfornied, we hav¢ not identificd any maierial uncerlainties relatin8 to evenls or conditions thaL individua]ly or collectively. may c&st Significant doubt on the charitable company's ability to continue as a going concern for a period of at le&8t tw¢lve months from when the financial statements are authorised for issue. Our responsibilities and the r¢sponsibiliti¢s of th¢ In¢¢5 with respect to goin8 concern arc dcs¢rib¢d in th¢ relevant sections of this report. Other Infonnallon The trustees are responsible for the other information. The other inforniation comprises the informalion included in the Annual Report, other than the financial $tAtem¢nts and our Report of the IndepKndent Auditors thereon. OUT opinion on the financial siatements doe5 not cover the other inforntIon and. except to the exnt otherwise expli¢illy stsied in our re¢ we do not express any form of SUr conclusion thereon. In connection with our audit of financial sthQmts. our responsibility is read the other infornlation and. in doing so. consider whether the other infornMtion is materially inconsistent with the financi ststements or our knowledge obtsined in the audil or otherwise eppears to be matcrially misslated. If we identify such maicriaj inconsistencies or apparent material misststements. we are required to deterniine wbether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomied, we conelude that there is a material misstatement of this otFRr inforniat1o we are required to report thai fact. We have nothing to report in this regard. OpSDloDs on other matters prescribed by the Compnkg Aet 21106 In our opinion. based on the work undertaken in the cours¢ of the audiL' the information given in the RekY)rt of the Tnlee5 for the financial year for wbich the financial slatements are prcpared is Consistent with the financial sLements' and the Report of the TneeS has len prepared in &cordance with applicable le8 requirements.
REPORT OF THE INDEPENDENT AUDoRs TO THE MEMBERS OF STOPSLEY BAPTIST CHURCH IREGISTERED NUMBER: 07605036) Matters on whfieb we Ire requlred to report by exeeptioD In the light of the knowledge and understsnding of the charitsble wmpany and its environment obtained in the course of the audAt, we have not identified ma[1 misststements in the Report of the TrustCeS. We have nothing to rew)rt in res of the following matters wheje the Companies Act 2006 requires to report to you if. in our opinion: adequate accounting rwords have not been kept or retUllLS adequate for ow audit have not been received from branches not visited by or the financial ststements are not in agreematt with the accounting records a1 returns. or ertain disclosures of trustees, r¢muneration specifi¢d by law a not made: or we have not received 8Jl the InforntiOn and explanations we require for our audit. or the trustees were not entitled lo take advantsge of the small companies exemption from the requirnneot to prepare a Strategic Report or in preparing the Rert of the Truses. Regponsfibllities of trnsteey As explained MO fully in the Statement of TrSteeS. Responsibilities, the truslees (wl¥) are also the direeiors of the charitable company for the purposes of company law) are rw)n5ible for the prepaTation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees detemiine is necessary to enable the preparation of fitwiciai statements that are free from material misstafrmenL whether due to fiaud or error. In preparing the financial ststements. the trustees are responsibfte for assessing the cl)aritsble compan$ ability to continue as a going coll di1051 as applithle. matters related to going concern and using th¢ going ¢oncern basis of accounting unless the trustees either intend to liquidate the charitable company ot to cease operations, or have no rea]i5lic alternative but to do so. 12
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF STOPSLEY BAPTIST CHURCH (REGISTERED NUMBER: 07605036) Our respon8ibilllles for th¢ audfit of the financial stAtemeots Our objeelives arc to obtain re&8onable &8surance about whcther th¢ financial statements as a whole are free from material misstatemeDL wh¢ther due to fraud or error. ond to issue a Report of the Independent Auditors that includes our opinion. ReL8onable assurance is a high level of assurancc, but 1$ not a guarantee that an audit ¢onducted in accordance with ISAS (UK) will always detect a material misstatetnent when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected (o infiuence the economic decisions of users taken on the basis of these financial statement& The extent to whi¢h our procedures are capable of detecting irregularities, including fraud is detsiled below: IdentlfylDg and essIng potentlal rbks related to Irregularltles In identifying and assessing risks of marial misslatement in respect of irregularities. including fraud and non- compliance with laws and regulation& we considered the followin8: Audil response to risks identified -the nature of the industy and sector, control environment and business perfom]ance including the design of the remuneration poli¢y' -results of our enquiries of management about their own identification and assessment of the risks of irregularities: -any matters we identified having obtained and reviewed the Company documentation of their policies and procedures relating to: - id¢ntifying. evaluating and complying with laws and regulations and whether they were aware of any instsnces of noncompliance" - detecting and respondin8 to the risks of fraud and whether they have knowledge of any actual, susp¢¢ted or all¢ged fiaud; - the internal controls ¢stablish¢d to mitigat¢ risks of fraud or non-compliance with laws and regulations; - the matters discussed among the audit engagement team, including tax regarding how and where fraud miglrt occur in the financial statements and any p)tential indicator5 of fraud. As a result of these procedure4 we considered the opp)rtunities and incentives that may exist within th¢ organisation for fraud and identified the greatest potential for fraud in relation to revenue deferrals. In common with all audits under ISAS (UK), we are also required to perforn specific procedures to respond lo the risk ofmanagcment override. We aIso obtained an understanding of the legal and regulatory frameworks that the Company op¢rat¢s I focusing on pmvisions of those laws and regulations thal had a direct effect on the deterniination of mat¢rial amounls and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, UK Corporate Governance Code and local t&x l¢gislation. In additio we considered provisioL8 of other laws and regulations thai do not have a direct eff¢ct on the financial siatements but compliance with which may be fundamcntal lo the Company's ability to operate or to avoid a material penalty. These included compliance with Financial Conduct Authority regulation for the UK operating segmenl and ¢omplian¢e with I[al legislation. A further description of our responsibilities for the audit of the financial stalements is located on the Financial Reporting Council's websi at www.frc.org.uklauditorsresponsibilities. This description fonns part of our Report of the Independent Auditors. 13
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF STOPSLEY BAPTIST CHURCH (REGISTERED NUMBER: 07605036) Usc of our report This report is mad¢ sol¢ly to thc charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stste to the charitabl¢ company's members those matters we are required to slate lo them in an audilors, report and for no other purpose. To the fidl¢st extent pennitted by law, we do not accept or &ssume responsibility to anyone other than the clwitable company and the charitable company's members as a body, for our audit work, for this r¢p)rL or for the opinions we have fornied. Donald M Brown FCA (Senior Stalutory Auditor) ror and on bchalf of Hi88inson & Co (UK) Ltd ststutory Auditors 3 Kensworth Gate 200- 204 High Street South Dunstable Bedfordshire LU6 3HS (&LJtt4 14
STOPSLEY BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 Total 2023 Total funds Unrestricted funds Designated fund Restri¢t¢d Nots INCOME AIYD ENDOWMENTS FROM Donations and legacies 347.679 6.350 354.029 371.632 Charltable aetfvfitles Mission Support GreenHouse Mentoring Organisations Oasis Dropin Centre GreenHou5e Community Hub 44,944 103,001 1,250 13,572 40,518 50,472 70,554 1,123 12,477 103.001 1250 13,572 40.518 Investment income 58.811 63.147 Total 406 490 209 635 616 125 569 405 EXPEF4DITURE OIY Raisin8 funds 5,376 5,376 4.791 Cbaritable activities Mission Support GreenHous¢ Menloring OrganisatiODS G¢n¢ral Oasis Drop-in Centre Grc¢nHous¢ Community Hub 53,992 92,134 1,122 53,992 92,134 1,122 537,317 15,706 71,152 78,485 1,232 472,892 14,187 423,584 113,733 15,706 Total 428 960 113733 186 975 NET INCOMEI(EXPENDITURE) (22.470) (113,733) 21660 (113.543) (73,334) RECONCILIATION OF FUNDS Total funds brought for+vard 1.903.519 115,766 50.978 2,070,263 2,143,597 TOTAL FUNDS CARRIED FORWARD 1881.049 2.033 73.638 1956 720 2.070 263 The notes fonn part of these fmancial statements 15
STOPSLEY BAIryIST CHURCH (REGISTERED NUMBER: 07605036) STATEMENT OF FINANCIAL POSITION 31ST DECEMBER 2024 2024 Total 2023 Total Unrestricied Designated Restricted Notes FIXED ASSETS Tangible 1.777,668 1.777.668 1.777,668 CURRENT ASSETS Deb[S Cash at bank 12 17,446 114J56 6,106 23.552 215 028 16.310 343 733 131.802 1033 104.745 238,580 360.043 CREDITORS Amounts fallin8 due within one 13 (28,421) (31,107) (59,528) (67,448) NET CURRENT ASSETS 103 381 179 052 TOTAL ASSETS LESS CURRENT LIABILITIES 1.881.049 1033 73,638 1.956.720 2.070263 NET ASSETS 1881049 1956 720 2 070 263 FUNDS Unrestricted funds: General fund Designated fund 14 1,881.049 1.903,519 1883 082 85 Restsicted funds TOTAL FUNDS 1956.720 2 070 263 These financial statements hav¢ been prepared in aXI[danCe with the provisions applicable to charitsble companies subj¢ct to the small ¢ompanies r¢gime. The financi stst¢ments w¢r¢ apprnved by thc Board of Trustees and authorised for issue on 25< Z025 .. and were si8d on its behalf by: N Mattocks (Chair) - Trust¢¢ The notes fonn part of these fmancial statements 16
STOPSLEY BAPTIST CHURCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 Notes CA8h flows from operatlDg aetlvltles Cash g¢n¢rdted from operations 135.021 Nel cash used in operating activities 135.021 Cash flow8 from Investing a¢tivitiei In*rest received 6.316 Net cash provided by investing activities Cbang¢ In ¢a8b Aud cash equfvalents In the reportlng perlod Cash and cash equivAlents at the beglnDln8 of the reportlug p¢rSod (128,705) (59.518) 343 733 403 Cash and ¢aJb equlvalents at the end of the reportlng perlod 215028 343 733 The notes fonn part of these financial statements 17
STOPSLEY BAIryIST CHURCH NOTES TO THE STATEIIIENT OF CASH FLOWS FOR THE YEAR EIYDED 31ST DECEMBER 2024 RECONCILIATION OF IYET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net expenditure for the reportiDg perfiod (as per the Ststement of FinaD¢ial Activilies) Adjustments for: Inlerest received (Increaseydecrease in debtors {Decrease)lincrease in creditors (113,543) (73.334) (6.316) (7,242) (12.841) 6.454 Net ¢a8h u¥ed in operations 135,021 72,359 ANALYSIS OF CHANGES IN NET FUNDS Ai 1.1.24 Cash flow At 31.1124 Net cash Cash at bank 343.733 128 705 215028 343 733 128.705 215,028 Totsl 343 733 128 705 215 028 The notes fonn part of these financial statements 18
STOPSLEY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 AccouNfiNG POLICIES Bayls of preparing the fin&nell •talements The financial ststements of the charitable Company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Ststrment of Recommended Prnclice applicable tr) ¢haritses preparing their a¢Unts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financia] Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 21X)6. The financial statements have been prepared under the historical cost convention. Ineome All income is recognised in the Statement of Financial Activities once the charity h&8 entitlement to the funds. it is probabl¢ that th¢ in¢om¢ will reiVed and the amounl can Ix Mured r¢liably. Expenditure Liabilities are recognised as expenditure as soon as thre is a legal or constni¢tive obligation committing the harity to that expenditure. it is probable that a transfer of economic lnefits will be required in settlemeni and the amount of the obligation can be measured reliably. Expenditure is accounted for on an wcruals basis and has t¢¢n Classified under headings that a8gre8ate all CO relatcd to the cate80ry. Where ¢osts ¢annot be dire¢Uy attributed to particular IKadings have been allOced to activities on a b1$ consistent with the use of Ch#ritabl¢ aclivitiej Clwitable expenditure comprises those costs incurred by the charity in the delivery of a¢tivities and services for its benefJ¢iaries. 11 includes both costs that can k allocaied dircctly to su¢h ¥tivities and those costs of an indirect nature necessary to support them. Governance costs include those costs aS)Ciated with me¢ting the ¢onstitulional and stsutory requirements of the charity and include the audit fees and ¢osts linked to strnl¢gic management. AlloeatSon and apportlonment of eo•ts All costs are allated between the expenditure eAtegories of the SOFA on a basis designed to reflect the use of resource. Costs relating to a particular activity are allocatrd directly, others are apportioned on an appropri*e basis e.8. time speat or estimated usage as set oul in NO 5 to 8. Tangible red A88ets The custodian ttlee for the church land and buildings 1$ the Baptist Union of Greai Britsin Tnist. The Trnst holds the d¢¢ds for the following: Church premis Old Chapel refurbishment {GreenHouse) Land (nexi to GreenHouse) 1.304.0(M) 373.774 £1,777,668 The Current church premises were built in 1994. The property is shown at historic cost within the financial staiem¢nts.Th¢ Old Chapel Building w&$ built in 1869 and w&s converted for use &8 a youth centre in 2002. There is no cost included for the original chapel but the refitrbishment is included at cosL The land next to it was purchased in 2002 and is Includ * cosL The trustees had the abov¢ professionally valued in July 2017, and the 01 mthet value of land and buildings exceeds their historic cost for the "current . of the &sscts. No depreciation has been chargal for buildings due to this valuation. 19 ntinued...
STOPSLEY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENfs- eontinued FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POLICIFS . eonthiued Tanglbk fixed 48Jets Equipment costing below £5,000 is not capitalised. Items costing over £5.01)O purchased since l January 2009 capitslised. Depreciation is provided at rates caleulated to write off the cost of ¢ath asset over its expecled life. Office equipment depcIatIOn 15 2/¥ per year. Tydxatlon The charity is exempt from wration tax on its charitsbl¢ ¥tiviti¢s. Fund aceounthig Unrestricted fund5 can be used in xcordance with the dwitable objectives at the discretion of the tsvstees. Restricted funds can only be used for particular stricted purpow within the objects of the charftty. Restrictions arise when 3CIfied by th¢ donor or when fimds are raised for portiallar restricted purposes. Designated fimds comprise UnStriCted funds that have been set &side by the trustees for specific purpose&The aim and use of d¢signated fund is set out in the note5 to the finBThcial stat¢rn¢nts. Further explanation of the nature and purp of each fiuMI is included in the notes to the financial statements. P¢Dslon costs aDd oth¢r po•t-retlr¢meDt benefits The cTrwitsble company op¢r*ed a defined contribution pension xh¢m¢. The obli8ations ceased when the minister left the xheme. Any contributions payable to the chtiritsble company's pension scbeme are charged to the Statement of Financial Activities in the p¢riod lo which they relate. The ¢lwithble ¢ompany also makes paymenl into The Peoples Pensiorn Contributions payable to these a charged to the Ststement of Finala1 Activities in period to which th¢y relate. DONATIONS AND LEGACIES 2024 2023 Gifts and donations Offerings Gift aid 22,530 272,423 29,079 285,159 354 029 371632 20 continued...
STOPSLEY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31ST DECEMBER 2024 INVESTMENT INCOME 2024 2023 Rents trttived Deposit a¢¢ount interest 52.495 6J16 50,306 12,841 63.147 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Souree Mission Support GreenHouse Mentoring Oasis Drop-in Centre Boys Brigade and Bathninton GreenHouse Community Hub Aetivity . restricted Mission works Mentoring Lulon Social Action Organisation eVenIactivitIeS Luton SOCI Aclion 50,472 70,554 12.477 1,123 103,001 13,572 1,250 203 85 135.472 RAISING FUNDS RAblDg doD4tIon$ And log*ele• 2024 2023 Postage and stationery Sundries Support ¢osts 105 553 753 CHARITABLE AcfiviTIES co%rs Support costs (see noic 7) Dire Costs Totals Mission Support GreenHOU Mentoring Organisations General Oasis Drop-in Centre GreenHouse Community Hub 53.992 91134 53,992 92,134 1,122 537,317 15,706 447,506 15.706 24,021 89,811 634 481 724 292 21 continued...
STOPSLEY BAvfIsT CHURCH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 SUPPORT cOs Site Reprographics maintenance & Stationcry & ulililies Auditors Remunerntion Finance Totst8 Raising donations and legacies General 2,558 1065 8.770 4.623 89,811 64.567 NET INCOMEJ(EXPENDITURE) Net income/{expenditur¢) is stat&1 after ChS1n(CredItin8). 2024 2023 Auditors, remuneration 2.400 TRUSTEES, REMUIYERATION AIYD BENEFITS Trnsteu, expen There were no trusttts, remuneratio other benefits or expu paid for the year ended 31 December 2024, nor for the year to 31 DecemE¢r 2023. io. STAFF COSTS 2024 2023 WaBes and salaries Social Security costs Other pension costs 354,168 19,505 323,052 21,777 383 354 529 The Pdvernge monthly number of employees dwing the year was as follows: 2024 2023 Management and administration Premises Direct charitable activities 13 12 No employees received emoluments in excess of £60.(X)O. 22 Continued...
STOPSLEY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31ST DECEMBER 2024 ii. TANGIBLE FIXED ASSETS tAnd ond buildings COST Ai 1st January 2024 and 3 1st December 2024 1777.668 NET BOOK VALUE At 3 1st DecemtKr 2024 1777 668 At 3 1st December 2023 1777 668 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors 23,552 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security and other tsxes Other creditors 8,139 51,389 5,236 14. MOVEMENT IIY FUNDS Net movement in fifftds At 31.12.24 At 1.1.24 Unrestricted funds General fund Designated fund 1,903.519 115.766 (22,470) 113733 1,881,049 2,019,285 {136203) 1.883,082 Restricted funds GreenHouse Mentoring Global Sunday 15th Luton Boys Brigade Badminton Club Oasis Drop-In Centre GreenHouse Community Hub 19.784 20,118 186 38 10,852 10.867 (2,698) 98 30 {2,134) 30,651 17,420 284 68 8.718 50.978 TOTAL FUNDS 2,070 263 113.543) 1956,720 23 continued...
STOPSLEY BAVTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31ST DECEMBER 2024 14. MOVEMENT IN FUNDS . eODthilled Net movement in funds. included in the ab)ve are as followts: Incoming Resources Movement resources expended in funds Unrestricted funds General fijnd Desi8nated fund 406,490 (428,960) 113733 (22,470) 113733 406.490 (542.693) (136,203) Restrlcted funds Mission Support GreenHouse Mentoring Globa] Sunday 15th Luton Boys Brigade Badminton Club Oasis Drop-ln Centre GreenHouse Community Hub 6,350 103,001 44,944 555 695 13,572 40.518 (6.350) (92.134) (47.642) (457) (665) (15,706) 24021) 10,867 (2,698) 98 30 (2,134) 186975 TOTAL FUNDS 616 125 113 543) Compara¢fveJ for movement ID fundj Nel movemenl in funds At 31.12.23 At 1.1.23 UDrestrleted funds General fund Designated fund 1.908.425 (4,906) 61834) 1,903,519 2.086.025 (66.740) 2.019.285 Restrieted fund$ GreenHouse Mentoring Global Sunday 15th Luton Boys Brigade Badminton Club Oasis Drop-ln Centre 27.715 16,962 284 49 (7,931) 3,156 (98) (li) 19,784 20.118 186 38 94 TOTAL FUND5 2,143.597 73,334 2.070263 24 continued...
STOPSLEY BAFTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31ST DECEMBER 2024 14. MOVEMElYt IN FUI¥4DS- contfinued Comparative net movement in funds, included in the above are as follows: Incoming souwes Resources ¢xFnded Movement in funds UDre8trieted funds General fund Designated fimd 410,943 (415,849) 61.834 (4,906) 61,834 410,943 (477,683) (66,740) Rtrllcted fun Mission Support GreenHouse Mentoring Global Sunday 15th Luton Boys Brigade Badminton Club Oasis Drop-ln Centre 23,836 70,554 50,472 600 523 (23,836) (78,485) (47,316) (698) (534) (7,931) 3.156 {98) (li) 165 056 TOTAL FUNDS 569 405 73 34 A current year 12 months and prior ye8r 12 months Combined position 15 as follows: Net movement in fimds At 31.12.24 At 1.1.23 Unrestrieted funds Genernl fund Designated fund 1,908,425 177,600 (27,376) 175,567 1,881,049 2.033 2,086,025 (202.943) 1,883,082 Restricted funds GreenHouse Mentoring Global Sunday 15th Luton Boys Brigade Badtninton Club Oasis Drop-In Centre Gree1)H0e Community Hub 27.715 16,962 284 49 12,562 2.936 458 30,651 17.420 284 68 8,718 16.497 19 (3,844) 57,572 16.066 73.638 TOTAL FUNDS 2 143 597 1.956 720 25 continued...
STOPSLEY BAVTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 14. MOVEME1 IN FUNDS- ¢onthiued A current year 12 months and prior year 12 months mbIned net movement in funds. Includ in th¢ above are as follows: Incoming Resourees Movemenl resources expended in funds unrestrict fundg General fund Designated fiuxt 817,433 (844,809) (27,376) 175 567 817.433 (l.20.376) (202.943) Restricted funds Mission Support Gr¢¢nHouse Mentoring Global Sunday 15th Luton Boys Brigad¢ Badminton Club Oasis Drop-In Centre GrttnHouse Community Hub 30.186 173555 95.416 1.155 1218 26.049 40.518 (30.186) (170,619) (94,958) (1.155) (1.199) (29,893) 2,936 458 19 (3,844) 16.497 368.097 352 031 TOTAL FUNDS 1.185 40 186.877 I& EMPLOYEE BENEFIT OBLIGATIONS During part of the y¢ar. the Church was a participating employer the Baptist Pension Scheme (*he Scheme.), which is a s¢parate legal entity administered by the Pension Truste¢ (Baptisl P¢nsion Trust Limited). The Scheme. prevIoly known &8 the Baptist Ministers Pension started in 1925. At the beginning of the financial year. thc s¢hrnie comprised of a defined benefits scheme which was closed future a¢¢rual on 31 December 2011 and a defined contribution plan which was opened in January 2012.The assets of the Scheme are held separakly from thos¢ of the Employer and the other participating employers. For the current fjnancial year, the pension provision for members of the Scheme is being made through th¢ Defined Contribution (DC) Pian. In general, members pay 80/0 of their Pensionable Income and employers pay 60/0 of m¢mbcrs' Peftsionable Income into individual wlon accounts. which are olmted and managed on behalf of the Pension Trustee by Broadstone CorgK)rate Benefits Ltd. In additio the empEoyer pays a further 4% of Pensionable Income to cover D¢ath in Service Benefits. athninistra¢ion costs. and an ass18104 insurance policy which provides income protection for Scheme members if they are Unable to work due to long-terni incapacity. This income protection p)licy h&8 been insured by the Bapiisi Union of Great Britsin with Aviva Limited. Furthernore. members of the Basic Sertion p&y reduced contributions of 50/0 of Pensionable Income, and their employers also pay a lotsl of 50h. In Oclober 2024. the insurance compw Just Group completed a out of the liabilities of the closed d¢fin¢d benefit scheme. From that date any remairring liability of the participating Scheme members to defined benefit scheme ce&8ed and the £1 per month defieit contributions payable by th¢ participating employers which were agreed in th¢ recovery plan approved in August 2022 also ceased from that dak. Adminikntion of the closed defined benefit scheme transferred from th¢ pension trustees to Just Group from that date. Any liability with th¢ pension scheme ¢e&sed when the minster left the church 2nd scherne. Movement in Balanee Sheet liability 26 continued...
STOPSLEY BAIryIST CHURCH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 15. EMPLOYEE BENEFIT OBLIGATIONS - continued S¢¢tion 28.1 IA of FRS 102 requires aed deficit r0Very payments to be recognised as a liability. There is no current liability to be disclosed, aDd no further liability is expected.. The profit and loss charge for the period repre5¢nts the employer contributions payable. The totsl pension cost for the Church paid to the Baptist Pension Scheme 1$ £3,219 (2023 £4.531). Contributions were also made lo The Peoples Pension of £6,389 (2023 £5,168). 16. RELATED PARTY DISCLOSURES Thcrc are no relaled party transactions. 17. PURPOSE OF RESTRICTED FUNDS Gre¢nHouK Mcntoring: This is a project which helps young people in Luton achieve their potential by matching them with screened and ained volunteer mentors. Funding is received mainly from other grants and individual donations. Oasis Dropin Centre The Centre, located in the LU3 area of Lut0 provides a place of safety, friendship and learning for those in Luton with English as a second language andlor second cultu. along with their friends and family. Global Sunday: Annual event where the focus is on raising funds specifically to provide support grants to SBC mission families lo¢aied world-wide. Mission Support: Monies received specifically for the funding of short-temi mAssion trips and the direct support of mission families and outreach both in the UK and overseas. Boys Brigade & Badminton: The Boys Brigade and Badminton Club organisations operate their own fin8nces and a included in the ¢hur¢h audit. Copies of their accounts can be obtsined from the respective treasurers. GreenHouse Community Hub The GreenHouse Community Hub was set up to create a space for the Church to reach out to the community of Stopsley and the surrounding 8 27 continued...
STOPSLEY BAFTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 18. DESIGNATED FUND Designated funds are unrestricted funds available for the general purposes of the Organisatio but which have currently been earnwked for a particular purpo.bY the trustees. During the 2022 year an unrestrled legacy of £192.303 was received and it was agreed that £14.703 should be retained in the General Fund and £177,6(X) be designated for the following: Asatol Asat31 January 2023 Year to2023 December 2023 Local Mission Partners GTeenHouse Special Projects Building Improvements Environmentsl Special Projects 19,200 96,000 14,400 (14,900) (20,338) (14,400) 4.300 75.662 Asatol Asat31 January 2024 Year to2024 December 2024 4,300 (2,267) 2,033 75,662 (75662) Local Mission Partners GreenHouse Special Projects Building Improvements Environmentsl Special Projects 19. GENERAL FUND The general fund of £1.881,049 includes the property shown at £1.777,668. resulting in a n¢l res¢rve of £103.381. 28
Stopsley Baptist Church Appendix to the financlal statements for the year to 31 December 2024 Additional Information relating to the GreenHouse Mentoring Project and Oasis Drop-in Centre
INCO GPrtfieVStewardshlp Somert4sRotsryCbJb Sm2 1,647 Eèsy Fyndr4lsln8 Am?zon SrnU¢ 119 YuR•fvndJ 925 Gr•Thts: Cw Collactlft8 BfA•I Chllorqn In Nq4d nrysmlth Ch•rfty' fiods &LutonCornmurth Foundayon ILulon Al¥lnYouth Fund) WL¥•mtyoe rfleld Wwton 621 27245 2SA82 Toulln¢omln8 R•Mr¢ 7054 IXnNDmiAe P•yivllCo Employeolnwrnne• Co#1 ff a Montor Tra1 5ponsorsNpeKpeN ComrnurAcnloM St¥llM¥ry & Posi Sm•llEtylpmetht Ruource Matart•Lq C•terlnx Holld¥aubC4tsrlrta•nd A•Mr Sutsrrtpt Softwirn 70A46 157 295 563 SA6S 211 1.179 L026 Totsl twndlbJr• IlqtMo¥afflantlfi Fuftth 17.•S1> . ffub brnuihtfor4Ard 27.71S Funds arrtod IoThv4rd 3Q651 ThIsp?8gdo¢s nffj fwm of th•stslUtprytln•n¢•lststemw4tA Hty*ern, wttcofillrm thit th15sho • hlr f•fiff¥on olthe knnA¢iionsthot rnlJt• tothtt GNenHwse Menthdn8PrnJattand that ¢hts lrtcome Ind •wndityre Is ontalned Intheaudlted M•tuwyftngnd•l statemerts. 111Tr & Coluw itd 04.7@
44 17 Foes & Subscrtrtkn. T• Refunds $76 33L IM7 iU77 56 Totsl E¥g•idllwe NetMtyeM*rtln Fund5 (1134) 0.710 Funds urrfedlotward 1718 10.852 HI¥81r &Co(UKI Ud ¢[(]L ZC