ORCHARD BAPTIST CHURCH CHARITY NUMBER: 1155012 ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Orchard Baptist Church Charity Information Year Ended 31 December 2024 Charity Name: Orchard Baptist Church Charity Number: 1155012 Chairperson: Rev. S Barber Secretary: Mrs G Goodliff Treasurer: Mr S Rand Trustees: Mrs C Bishop Rev. S Barber Mrs G Goo(Jliff Rev. S Stapleton Mr S Rand Mr M Mitchell-Farmer Address: 27 Derwent Road Bicester Oxon OX26 2JA Accountant: Accountancy Chartered Certified Accountants Unit 58 Willows Gate Stratton Audley Oxon OX27 9AU Bank.. Co-op Bank l Balloon Street Manchester M4 4BE Orchard Baptist Church Contents Year Ended 31 December 2024 Page Trustees Report Independent Examiners Report Statement of Income & Expenditure Balance Sheet Notes to the Financial Statements Orchard Baptist Church Trustees. Report Year Ended 31 December 2024 The Trustees present their report and the financial statements for the year to 31 December 2024. About the Charity Orchard Baptist Church was registered with the Charities Commission in the United Kingdom under Charity Reg. No. 1155012 as a Charitable Incorporated Organisation on 15 December 2013 and commenced its activities on l April 2014. The Church is a member of the Baptist Union of Great Britain and the Southern Counties Baptist Association. Objectives The main objectives of the Charity are to advance the Christian faith in accordance with the principles of the Baptlst denomination. The Charity may also advance education and carry out other charitable purposes in the United Kingdom and other parts of the world. Activities In f ulfilling the objectives of the Church, the organisation will engage in a range of activities either on its own or with others that will vary from time to time with activities being initiated, expanded or closed, as appropriate. The activities may include, but are not restricted to:. regular public worship, prayer, Bible study, preaching and teaching; baptism, as defined in the Baptist U nion's Declaration of Principle; the communion of the Lord's Supper, which shall normally be observed at least once a month; evangelism and mission, locally, regionally, nationally and internationally; the teaching, encouragement, welcome and inclusion of young people; • nurture and growth of Christian disciples. education and training for Christian and community service; • giving and encouraging pastoral care supporting and encouraging social action in the United Kingdom and abroad; encouraging relationships with and supporting Baptists and other Christians Notwithstanding the appointment of persons to accept responsibility for any of the activities all individua15, groups and committees operating within the life of the Church, and their leaders, shall be accountable to the Charity Trustees and also through any specific direction of the Church Members, Meeting. Orchard Baptist Church Trustees, Report Cont'd/.... Year Ended 31 December 2024 Review of Financial Position and Achievement The Trustees continue to be thankful for and encouraged by the ongoing generosity of the members, which has seen the year end with the finances in a relatively positive state. The sizeable legacy received at the beginning of the year was a vital factor in underpinning the sta bility of the finances even allowing for the repayment of two of the interest-free loans made five years ago to enable the building of the Manse on Graven Hill. With the assistance of grants from The Benefact Trust, the Connected Communities Fund and Bicester Village we were able to employ a part-time manager for Café 103 at the beginning of 2024; with grant support from Baptist Home Mission and Baptist Insurance we employed a Children and Families Worker for Graven Hill from August 2024, to continue and develop the ministry on that housing estate established by Rev Helen Baker, who retired from her role as Community Minister in November 2023. The gap in occupation of the Manse on Graven Hill gave the opportunity to boost the finances through a commercial let managed by Finders Keepers, which brought in a net sum of £7,782 in 2024. With interest rates relatively high, we also took steps to maximise bank interest, which brought in £3,750 over the year. Throughout 2024 we provided ongoing full-time pastoral ministry to the church through the dedicated work of Rev Steve Barber, who continued sharing his time 50150 with SCBA, and Rev Sarah Stapleton, who continued giving 50 per cent of her time, initially as a Minister-in-Training until her ordination and induction to ministry at OBC in September 2024. The Trustees emphasise that the effective work of the charity requires this core provision of time and expertise. This is reflected in the continuing vibrancy in the life of the church, which continues to welcome newcomers from the UK and the wider world. The church family is a very positive mix of different nationalities, and the trustees continue to give thought as to how best to ensure that all can contribute positively to the life and direction of the church, ensuring that it is their church, community in which they can flourish, grow and help to lead rather than a service they attend on Sunday morning. In 2024 new members of the church more than balanced those that moved on from the church - we began the year with 83 members and ended the year with 86. One person was baptlsed in 2024. In 2024 the church continued to employ Ann Franklin as part-time (five hours a weekl administrative assistant; she relinquished this role in November and was replaced by Emma Carter. Thus, the charity's funds in 2024 were once again spent largely on staff engaged in the work of the church with and for its congregation and in the local community. It also continued to support various international mission partners chosen by the church membership, including individuals who have a long-term relationship with the church. Orchard Baptlst Church Trustees, Report Cont'dl.... Year Ended 31 December 2024 Plans for the Future We began 2025 with a part-time Manager for Café 103, and a part-time Children and Families Worker on Graven Hill, and we are looking to consolidate their very positive contribution to the life of the community, and through that to the life of the church itself. The church's intention for 2025 is to continue to fund the day to day running costs of the church including the payment of salaries and associated costs for our ministers and part-time staff. We were disappointed that SCBA summarily ended their part-time employment of Rev Steve Barber in order to save money, but reassured and delighted that he has been willing and able to continue his 50 per cent with Orchard Baptist Church. We are also pleased that early in 2025 the members have agreed to the appointment of Rev Sarah Stapleton as part time (50%) co-minister on an open-ended basis. The Charity also aims to continue to support our mission partners. The Church is a member of Southern Counties Baptist Association and the Baptist Union of Great Britain, as well as the Evangelical Alliance, all of which are charities. It also financially supports various other charities including Open Doors, BMS World Mission, Tearfund and through Bicester Christian Action supports Bicester Food Bank and other local community activity. The Trustees will continue carefully to monitor the ongoing levels of income and expenditure and their impact on the charity's cash reserves, and recommend appropriate actions to the church as necessary to ensure the effectiveness of ministry alongside financial stability. These will include seeking grant support from Baptist Home Mission and other grant-making bodies. Flnanclal Posltlon The statement of financial activities shows, in respect of general funds, a net surplus of £42,301 {2023 surplus £5,001). The total expenditure for this period was £134,50212023 £140,627}, Net worth {Reserves) at the year end were £338,51412023 £296,213). This report was approved by the Trustees and signed on their behalf: - Secretsry Date Rev S Barber- Chalr erson Date Mr S Rand - Treasurer Date Orchard Baptist Church Independent Examiners Report Year Ended 31 December 2024 I report on the accounts of the Charity ft)r the year ended 31 December 2024, which are set out on pages 5 to 6. Respective responsibilities of the Trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under Section 144(21 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed:. It is my responsibility to: examine the accounts under Section 145 of the 2011 Act; to follow the procedures laid down in the general Directions given by the Charity Commission under Settion 14515llbl of the 2011 Act; and to state when particular matters have come to our attention Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual item5 or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examlner's statement In connection with my examination, no matter has come to my attention,. which gives us reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mrs VJ Thomas Independent Examlner Date Orchard Baptist Church Statement of Income and Expenditure Year Ended 31 December 2024 YIE 31112124 Total Y/E 31112123 Total Notes Incoming Resources Collections Received Donations Youth and Mission Income Miscellaneous Income Grants and subsidies Rental Income Interest 1,003 129,463 780 3,022 22,950 16,404 3,181 283 107,294 11,654 8,309 15,000 2,183 Total Incoming Resources 176,803 144,723 Resources Expended Charitable Attivities Missions Youth Outreach 19,098 767 2,960 25,514 9,905 1,832 22,825 37,251 Governin Activities OBC Direct Costs Wages and Salaries Rent and Rates Heat, Light and Power Travelling a nd Hosplta lity Printing, Stationery & Telephone Professional Fees Loan Interest Accountancy Depreciation Subscriptions Disposal of Assets Bank charges 5,781 54,914 29,792 329 2,709 563 35 13,319 1,390 1,365 1,455 5,412 43,546 31,345 968 3,003 1,940 35 13,381 1,342 1,820 416 1902} 170 25 Total Resources Expended 111,677 139,727 Net Movement in Funds Total Funds B/Forward at OVOI/2024 Net Movements in Funds 296,213 42,301 291,212 5,001 Total Funds C/Forward at 3111212024 Orchard Baptist Church Balance Sheet Year Ended 31 December 2024 Y/E 31112124 YIE 3y12123 Total Total Notes Flxed Assets 5,384 5,050 Freehold Property 452,385 452,385 Current Assets Trade Debtors Prepayments Gift Aid Recovered Bank Accounts 20 833 2,271 82,296 2,357 102,987 Total Assets 563,113 542,855 Current Liabilities Accruals PAYE Mortgage Other Loans 4,521 923 179,155 40,000 865 180,777 65,000 224,599 246,642 Total Assets Le55 Total Llabilltles Capital and Reserves Reserves Profit and Loss Account 296,213 42,301 291,212 5,001 The balance sheet was approved by the Trustees and signed on their behalf: MrsG oodliff - Secretsry Date yl6/35" zc Rev S Barber- Chairperson Date Mr S Rand - Treasurer Date Orchard Baptlst Church Notes to the Accounts Year Ended 31 December 2024 Y/E 31112124 Totsl Y/E 31112123 Total I, Incomln Resources Anal Is Collections Received 1,003 283 Donations:. Gift Aided Donations Gift Aid Recovered Graven Hill- Non Gift Aid Donations Non Gift Aid Donations 37,493 9,411 160 82,399 39,717 10,243 57,335 129,463 107,295 Miscellaneous Income:. Café 103 Hardship Donation Amazon Tearfund Appeal Foodbank Christmas Meal Worship Conference Christmas Appeal Tribute Easyfundraising Baker's Leaving Gift 1,070 5,116 267 41 1,190 10 899 915 522 10 37 2(1) 879 174 3,022 8,308 Youth and Mission Income:. Youth Activities 780 11,654 Grants/Subsidies:. Home Mission Funding Bicester Town Council Baptist Insurance Value Retail 6,250 200 15,000 1,500 15,000 22,950 15,000 Rental Income:_ Finders Keepers- Read Place S Chaplin 10,204 6,200 16,404 Orchard Baptist Church Notes to the Accounts Year Ended 31 December 2024 YIE 31112124 Total YIE 31112123 Total Incomin Resources Anal is Cont'd Interest Received Hope In Action Investment Income 3,181 1,883 300 3,181 2,183 2. Freehold Pro Graven Hlll House Cost Cost B/Fwd as at 01/01/2024 Additions Disposals 452,385 Cost C/Fwd as at 3111212024 There wlll be no depreclation charged on the Freehold property Orchard Baptist Church Notes to the Accounts Year Ended 31 December 2024 3. Flxed Assets Church & Office Equip Total Cost Cost B/Fwd as at 01/01/2024 Additions Disposals 19,396 1,699 1822) 19,396 1,699 1822) Cost C/Fwd as at 3111212024 Depreciatlon Depreciation B/Fwd as at 01/0112024 Charge for year Disposals 14,346 1,365 {8221 14,346 1,365 18221 Depreclatlon C/Fwd as at 3111212024 Net Book Value As At 3V1212024 As At OII0112024 *DÈpreclation Is charged at 25% reduclng balance with a full year's depreciatlon charged In the year of purchase. For ease of reporting, the Church and Office equipment assets, which had previously been shown separately, have now been merged into one asset categorv. 4. Sta ment of Movement In Funds At 01101124 Income Expenditure At 31112124 Unrestricted Funds Restricted Funds 296,213 161,803 15,000 {129,5021 15,OCMJ) 328,514 lo,0￿) Total Funds At the end of the year, of the £15,000 Baptist Insurance grant received in 2024, £10,000 was still held and is to be used solely for ministry on Graven Hill during 2025.