Oldfield Free (hur(h (Bapliil) Financial Statements For the year ended 31 December 2024 Oklfield Free Church (Baptist). Malden Ave, Greenford, Middx. UB6 ODJ
Resistered Charity No. 1154642 www.oldfieldfreechurchba tist.co.uk Oldfield Free Church Trustees Annual Report for the Year ended 31 December 2024 The Trustees submit their annual report and the financial slaternents for the year ended 31 Oecember 2024. The Trustees have adopted the provisions of the Siatement of Recommended Practice (SOAP - FRS 102) "Accounting and Reporting by Charities" Issued in 2015 in preparing the annual report and financial statements of the ch3rity. Reference and Admlnlstrative details Name Oldfield Free Church (Baptist) Registered Charity Number 1154642- entered on Register 19 November 2013 Principal Address Malden Avenue. Gieenford Middlesex U86 ODJ Minister Assistant Minister Rev lan M Thomas Rebekah Rego TrusteeslDeacons M Vijayamanoharan D Pierrepont (Treasurer) Cornel Tudosa-merauti {Resi8ned 3111212024) Martin Smith Property Trustee The Baptist Union Corporation Limited Bapiist House. 129 Broadway Didcot. Oxfordshire OXII 8RT Secretary Vacant Bank Uoyds Bank plc. 254 Northolt Road. South Harrow Middlesex HA2 8DZ Independent Examiner Ms Esther Chu was appointed as Independent Examiner many ye3r5 ago. The Trustees are very grateful to Ms Chu for conlinuing and who has carried out the examinatlons without tharge. Strurture and Governance The Charity is governed by its Trust ()eed dated 18 September 1970 and is part of the Union of Churches known as The Baptist Union of Great Britain and Ireland IRe8iStered Charity Number 2496351. Oldfield Free Church {Baptistl has been re8iStefed with the Charity Commission IRe8iStered Charity Number 1154642}. The church occupies premises which are held by the Bapiisl Union Corporation Limited. on Trust, which are entirely compatible with purposes of the Charity. Page I
The Deacons, when eletted, are automatically elected as Trustees of the Charitylchurch. The Church is Managed by the Diaconate, acting for the governing body. The Church Meeting. The rnember5hip of the Diaconate is by election for three years lor part of three years where new deacons are lo replace deacons who have not completed their full term) by the Church Meeting Details of the Diaconate are shown above. The Church Meeting is convened quarterly and the Annual General Meetin8 which is held in March each year. The Oiaconate normally meets approximately every 6 weeks with a rneetin8 scheduled prior to a Members Meeting. Ob ectives and Activfties The objectives of the Church are to provide A place of public worshlp for the service of Almighty God A place for the Instruction of children and adults, as a Church Hall. or as a place for the promotion of other charitable purposes. Those attendin8 meetlngs do noi have to be membefs of the Baptist church. The Deacons have gNen re8ard to the guidance issued by the Charity Commission on public benefit when planning activities. and are satisfied that these demonstrate that the church is providin8 a benefit to the public. A place fof maintainlng and practicing the doctrine and rite of Bapli5m of believer5, and no other baptism. There are four organisations, Boys, Brigade, Girls, Brl8ade and 8eehive mother and toddler group, which cater for the youn8er members of the community fiom the a8e of O to 16+. The Boys and Girls Brigades are Independently run by church members on church premises. We also have Meetin8 Point which caters to the needs of the older members of the local community. Tru ee5 and Tru ee< Res slbllftles The Diaconate {acling for the Church Meeting) is responsible for keeping proper accounting records which disclose with reasonable accuracy. at any time, the financial position of the Church and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safe8uardin8 the assets of the Church and hence taking reasonable steps for the prevention and detection of fraud and anv other irregularities. The Trustees have paid due regard to the Charity Commission evidence of public benefit. Achlevemen and Perfomiance Durin8 the last 12 months the church has continued lo operate an "Open Doorf policy and all are welcome to Joln existing membeis for weekly services or other meelings taking place. During the year we have included a weekly Bible Study and have also commenced an informal Sunday evening meetin& Both of these new meetings are well attended. The church has continued to attract new attenders and the average attendance for our Sunday rnornin8 services is 37 Adults. 5 Young People and 10 Children. Our weekly coffee mornin8 (Meeting Point) conlinues to have an average of 10 Senior Citizens attendin8. The number of Boys and Girls coming to ihe Brigade Meetings have inueased over the last year with now an avera8e of 14 Young People attending each week. Our Mother/Carer and Toddler group (Beehive) now attracts about 15 under 5's with thelr mothers or carers each week. Various chufch members volunteer to help at all these meetings. We are very 8rateful to them for giving of ihelr time. At various times during the year we have held several activities for the children in the local area. including a 3- day Holiday Club. a Li8ht Party {an alternative celebration to Halloween) and a Christmas Party. All of these were well attended Paze 2
We are contlnuing to use the 7OOM" platform to enable those that are not able to attend rneetings in person. Thls enables them to have contact with other members and join in ai Prayer Meetings and the monlhly Sunday e4ening Communion service. We opefale a Pastoral Care systern which means that all who are house bound are contacted regularly to ensufe that ihey are being looked after and to see if help is needed. Our Minisler and Assistant Minister also visit thern in their own home. if they have not been able to get to the meetings. The Charity Trustees feel that the continuin8 of the various organisation adivitles provides a. much needed. safe meeting place for both old and youn8 of the Ioc31 community. The Trustees have made an assessment of the rnajor risks facin8 the thurth. and are satisfied that there are poliaes in place lo minimise these risks. Financlal Revlew Durin8 the year (2024) we have continued to keep. both the church buildings and the manse in good order with repairs and 8eneral maintenance carried when necessary. Our income for the year rose to £70.545 leaving a deficit of £2,387 over expenditure. During the year we have been able to donate £3.363 to local charities as well as donations to the Baptlst Missionary Society. We are 8fateful to all those who have 50 generously 8iven to enable us to continue to meet all our objectives and aims. The church continues io raise the funds which it needs to carry on its artivities frorn within its own membership and congregation. No wider public appeal was made for funds durin8 the year. The Charity has a Reserves Policy in pla and is satlsfied that Ihey have sufficient reserves at the Balance Sheet date, tO8ether with ongoing income anticipated. to enable the church to functlon effectively in the coming year. An amount of £40.1N)O minimum Is to be held to enable the Chaflty to fulfil its financlal obligations. The church Is heavlly dependent on its membership workin8 as volunteers in all aspects of the church's activities. many of which run with little or no impact on the church's expenditure, but nevertheless conlribute substantially to the achievemenl of the church'5 objectives. Pension notes The thurth no longer has any participating mefflbers in the 8apii5t Union Penslon Scheme. Signed on behalf of the Trustees on: artin Trustee/Deacon David Pierrepont Treasurer Page 3
Oldfield Free Church Ba Independent Examinerfs Report to the Trustees of Oldfield Free Church (BaptFSt) I report on the accounts of the charity for the year ended 31 December 2024 which are set out on page$ 6 to ii. Respectfve responslbllttles of the trustees and the examlner The tharitvs TwsteeslDeacons are responsible for the preparalion of the accounts. The charit(5 Trustees/Deacons consider that an audit is not required for this year under section 144 of the Charities Act 2011 {the Charities Act) and that an independent examination is needed. It is my responsibility to: Examine the accounts under section 145 of the Charities Act Follow the procedures laid down in the 8eneral directions given by the Charity Commission under seciion145151 Ibl of the Charities Act. State whether particular matters have come lo my attention. 8asls of Independent Examlnerfs statement My examination was carrled out in aCCOfdance with the 8eneral directions 8iven by the Charity Commission. An examination Includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also Includes consideration of any unusual ilems or disclosures in the accounts. and seeking explanations from you 35 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a -true and fair VI and the report is limited to those malters set out in the statement below. Independent Examlnerfs statement In connection with my examlnation. no matter has corne io my attentlon: Whlch 8ives me cause to believe that. in any material fespect: Accounling records were not kept in accordance with seciion 130 of the Charitles Act. The accounts do not accord with the accountin8 records. Have not been met,. or I have come acr055 no other matters in connection with the examination to which attention should be drawn in order to enable a proper understandin8 of the accounts to be reached. Esther Chu 58 Sandrin8harn Crescent South Harrow Middlesex Signed: Date: Il oEIJJ- Pa8e 4
OLDFIELD FREE CHURCH (BAPTIST) Notes to the Finanaal Statements For the year ended 31 December 2024 l. Accountlng Pollcles 1.1 Accountlng conventlons The Charity prepares its receipts and payments accounts on a cash basis. 1.2 Fund Accountlng Unrestricted funds are avallable for use ai the discretion of the Trustees in furtherance of the objeclives of the Charity and whlch have not been desi8nated for other purposes. Restricted funds are amounts which have been given for particular charily projects. Pa8e 5
Oldfield Free Church tist Recelpts and Payments Account for the year ended 31 December 2024 Nole Restricted Unrestncled Totsl 2023 Receipts Donations and Grants 3,313 64,672 67,985 58.498 Bank Interest 2.560 1.784 Total Recelpts 3.313 67,232 70.545 60,282 Payments 3,363 69.569 Chantable Acbvitses 3.363 69.569 72,932 65.308 Cash surplusldeficrt for year -2,337 -2,387 -5.026 Cash balances at 1 January 312 112,151 112,463 117.489 Cash balances at 31 December 262 109 814 110 076 Page 6
Oldfield Free Church tist Statement of Assests and Liabilities at 31 December 2024 Note 2023 FIXED ASSETS 3,156.135 2.492.169 CURRENT ASSETS Church current accounts Church deposit accounts Cash in hand Less Outstanding Cheques 6.551 104,153 278 110.076 112,463 3,266,211 2.604,632 TOTAL NET ASSETS 3 266 211 2 604 632 The Financial State We approved by the Trustees on Martin Smith TrusteelDeacon D Pierrepont TruSteereasUfer Date I Page 7
Oldfield Free Church Ba tist Notes to the Financial Statements for the year ended 31 December 2024 Donations and Grants Restncted Unrestncted Totsl 2023 Gifts and Offerings Tax recovered Gift Day Donations from organisalions Sundry receipts 2,713 51.946 10,687 3.276 600 723 54.659 10,687 3.276 1,200 723 46,424 8,542 2,739 2,272 305 600 Payments Restn'cted Unrestncted Totsl 2023 Minisler Manse costs Church maintenance Subscripts'ons Utilities Insurance Gifts Outreach Administration Youth Sundry expenditure 35.801 3,795 16.729 1,303 2,813 2,826 3,120 973 1,285 252 672 35.801 3.795 16.729 1.303 2.813 2.826 5.978 973 1,285 252 1.177 28,872 4.716 15,118 1,117 3.105 2.148 6,512 1,080 1,230 203 1.208 2,858 505 Page 8
Oldfield Free Church tist Notes to the Flnanclal Statenwnts for the year ended 31 December 2024 Trustees Remuneration No remuneration or expenses were paid to the Trustees in 2023 or 2024 Flxed Assets 2024 2023 Church property at Malden Avenue 2.611,083 2,051,932 Manse propety at 11 Rosehill Gardens 449,081 352.916 Fixtures and Fittings 95.971 87.246 Girls Brigade 75 3 156 135 2 492 169 The prOpertS and fixtures and fith'ngs are shown at current insurance levels Page 9
Oldfield Free Church Ba tist Notes to the Financial Statements for the year ended 31 December 2024 Current Assets Current Accounts 6.551 General Fund 105.200 Less outstanding cheques -9C Chants'es Fund 262 Deposit Accounts 104.153 Bursary Fund 1.360 Cash 278 Comfflunion Fund 479 Emergency Fund 1868 Grou s Funds 907 110,076 110.076 Loans Loans 110 076 110 076 AsAt 0110112024 AsAt 3111212024 Recei ments General Fund 107.456 65.521 67.777 105.200 Communion Fund 698 181 400 479 Emergency Fund 1268 600 1.868 Bursary Fund 1880 520 1.360 Charib'es Fund 312 111.614 3,313 69.615 262 109,169 72,060 Groups 930 872 907 110 076 Page 10
Oldfield Free Church tist Notes to the Financlal Statements for the year ended 31 December 2024 7. Funds Asat 0110112024 Asat 31112r2024 Recei ts Pa ments Unrestricted Funds General 107.456 65.521 67.777 105,200 Communion 698 181 400 479 Emergency Fund 1268 600 1.868 Bursary Fund 1880 520 1,360 Boys Brigade 570 422 378 614 Girls Bngade 279 508 494 293 112 151 109 814 Restricted Funds Charities Fund 312 3.313 3.363 262 Total Funds 110 076 Page 11