WR8C Treasurer
Walsworth Rd
Hitehin
Herts
SG4 9SP
ANNUAL REPORT & ACCOUNTS
2024
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ANNUAL REPORT - WALSWORTH ROAD BAPTIST CHURCH
This is a summary of some of the activÉties which took place during the year, with a particular
focus on events vthich demonstrate our public benefft as a registered charity:
Walsworth Road Baptist Church IWRBCI is a friendly and welcoming church which celebrated its
150° anniversary in 2019. The church invites the whole community to worship God with us. There
are regular Sunday services each week and a number of events, activities and groups to appeal to
people of all ages.
WRBC employs a part-time youth worker and runs a youth club for young people in years 6 to 11
on Sunday evenings.
WRBC is the home of the 3" Hitchin Scout and * Hitchin Guiding groups, playing a part in the lives
of over 150 young people across six 'sections.'
WRBC aims to provide pastoral care for the wider community around the church and employs a
church worker to help our full-time pastor with this task. We organised regular prayers for peace
in Ukraine and in the Holy Land. We continued to support Ukrainians living and arriving in the area.
A Saturday morning coffee drop in was expanded to SUPPOrt local homeless and lonely folk. We
run 3 8roup on Monday afternoons specifically focussed on the mentsl well- being needs in our
communlty. In 2023 this became part of our response to the Warm Spaces inltiative responding to
the cost-of- Ilvln8 crisis.
The church maintains its Victorian and Edwardian buildings and offers them to a wlde range of
local 8roups includin8 an exercise class, a toddler group, a recorder groupi a camera club, a local
choir and a local residents, group. We were pleased to welcome back concerts from the North
Herts Gulld of Singers, The Orpheus Choir and the Stotfold Chrlstian Choir.
We ran a series of well attended events for the local community includin8 a Pancake Party In Lent,
a Li8ht Party a5 an alternative to Halloween and Gin8erbread decoration at Chrlstmas.
We continue to have close Ilnks with two Iixal charities, the Hitchin Churches Schools Worker
Trust IPHASEI and Churches Together in Hitchin.
WRBC continued to run its annual Shoe Box Project in collaboration with local schools, delivering a
substantial number of shoe boxes for the charity Link to Hope to distribute abroad at Christmas
time.
The church collects funds for other charities who give aid to peop5e both in the UK and abroad.
See note 4c for full details
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la Receipts & Payments
January- December 2024
Designated Rmtrictgd UnrestrictBd TOTAL 2024
Year
Incom•
Building Use
Missiffi Ad Hoc Incune
orfering
Other Inctsno
Traidcraft I&E
10.935.23
10.935 £
7,124
3.673
70.062
20,230
750
2.583.62
74.316.11
2.584 £
74.318 £
21,928 £
21.928.16
Total In¢ome
o.ijo £
o.IJO £ 109.763.12
109.763 £
101.839
Expn
Adminstration
3.773.82
3,740.88
12.739.64
4,653.38
3,T74 £
3,741 £
12,740 £
4.653 £
69.390 £
3,412 £
2,567 £
9,760 £
Church Group8 & A￿VI￿"•8
Church Upkeep
Manso
3,951
18.824
18.182
61.205
5,262
2,852
8.400
Ministry & Payroll
Ministy Expenses
Mission Ad Hoc Expenditur8
mI￿.0n Regular Supp)rt
f￿.00
63,390.19
3,412.48
2.566 83
9.760.C¥J
12.039.58
0.00 £ 1000.00 £ 116,076.80
0.00 4 6.000.00
6,313.68
12.040 £
122.077 £
-12,314 -£
Totsl EXP&￿¢1
Not Op+r￿n9 In¢¢yrn•
131,972
30,133
N•t Incom8
0.00 4 6.000.00
8.313.68
-12.314 -£
30.133
Ch•ng8 in value of Stc<4(
N•t Profft￿o￿c1t
-12,314 -£
30,133
T￿￿181• l)•lvMn Fund•
Rmtrlctod Unr••trl¢tsd
Youth Worker
R08erves
Jusl'c• Fund
Total Fund$ Last Y•r End
Total Funds This Y￿r End
Totsl Change In Fund•
103.853
91,539
12.314
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1b. Notes to the Receipts and Payments Ststement
Building Use describes income from a wide range of people and organisations who use thè premises.
primarily the Church Hall. This was of course heavily reduced over the pandemic.
Mission Ad Hoc Income indudes gifts received by the Church wtth the intention that those gifts a￿ forwarded
to other charities. The main charites supported by WRBC urKler this heading are BMS and Link to Hope.,
plus, each year. we hold a Christmas Tree Appeal for tharity.
The Offering includes monies received through Monthly giving (mainly Stsnding Orders). Weekly giving
(through an envelopes giving scheme), and any other gifts received via the website or in cash
Other Income indudes monies received from the Hitchin Youth Trust (on an annual basis as part of an
access agreement), Gift Aid redaimed on donations and legacies or onfroff donations.
Administration costs indude a wide range of expenses including licen￿S. subscriptions and conference
costs, as W￿11 as straightfonward administration costs suth as paper. ink, posters, etc.
Church Groups and Activities includes expenses for Youth Work as well as catering & kitchen costs.
Church Upkeep includes services costs needed to maintain the church buildings such as PAT testing, boiler
servicing. etc., equipment costs to replace old or damaged items. cleaning costs and insurance costs.
WRBC owns a Manse which is used to house our Minister and his family. Manse costs indude council tax,
water rates. heating, lighting. etc. Some of these costs are paid directly by the church. others a￿ paid by the
Minister and an agreed proportion daimed back through the Minstees Expenses system.
10 Ministry and payroll costs are the costs to the church of employing a Minister including stipend. employerfs
National Insurance, employerfs pension contribution, etc. and the costs of employing a part time youth
worker, a part time church Y￿rker with a special emphasis on pastoral care and outreach, and a deaner, who
was the only member of stsff on fudough when the building was dosed.
11 Ministry Expenses are split into Iwo areas - expenses daimed by employees in connection with thelr duties
(such as books. mileage, pastoral, etc) and exiemal expenses associated v￿th running seplices (fees for
visiting preachers, organists, etc).
12 Mission Ad Hoc Expenditure is directly linked to item 2. and is the distribution of gifts received by the Church
for other charitl8S.
13 Mission Regular Support includes monies paid on a regular basis to organisations V￿th which WRBC is linked
such as the Baptist Missionary Society (BMS), the Central Baptist Association (CBA), PHASE Schools
Worker. and via the Baptist Friends of Israel. to our iwinned church in Tu'raan, Israel.
14 Utilities comprises the costs of gas. electriaty. water, elc consumed by the church.
15 Restricted Income is a temi defined by the Charity Commission to describe money which has been given for
a specific purpose and so cannot be used for a diffe￿nI purpose. So the WRBC accounts hav8 to Split out
our Receipts and Payments into Unrestricted and Restricted monies.
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1c. Analysis of Fund Movements for the Y
Date
Mem
Amoun
Restricted - Youth Worker
Opening balance
Receipts during the year
Payments during the year
Closing balance
6.000.LKI
6.OCrf).¢JO
D￿Ignated - Reserves
Opening balance
Recèipts during the year
Payments during the year
Closing balance
35.(M)O.00
35.000.00
Restrlcted - Justlco Fund
Opening balance
Receipts during the year
Payments during tho yaar
Closing balance
7.185.00
7,185
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2. Statement of Assets & Liabilities at 31 st. December. 2024
A8of Dec 31.
2024
Previous Year
Cash at bank and in hand
Baptist UniM Depo￿.1
Barclay$
CAF Bank Cash ￿M￿nt
48.885.08
37,035.25
5,348.44
2.355.15
HSBC
30,701.68
81.941.91
55.864.90
Total Cash at bank •nd In hand
98.248.59
Curr•nt As8•ts
Equipment
Investments- Otr
9.477.00
5.804.00
Sttxk
Undep￿'t￿l fijnds
Tot*1 Currgnt A880ts
Net ¢urr•nt •M•ts
12000
9.597.00
91,538.91
$.604.00
103.852.59
Credltor•: amounts lalllng du• T*lthSn on• ywr
Current Uabiliti88
Payroll Liabilths
VAT Ltability
Prepayments
Totsl Current Liat41th5
Totsl Cr•dltor8: amounts f•lllng du• wSthln on• y•ar
N•t ¢urr•nt aM•ts {Ilabllll1￿)
Totsl aB••ts lo8• eurr•nt Ihbllltl••
Total n•t aM•ts {Ilabllltle•l
Capi¢•l and R8Mr
Fund• D•8lgn•t•d
BMS Birth(1ay
Christmas Tree
0.00
91.$38.91
91.538.91
103,852.159
103.8J2.159
91.538.91
103.852.J9
0.00
0.00
Flow•r Fur
0.00
Goner81 Rw•rve
35.0￿.
35.000.00
Ad Hoc Gfft8 Fund
0.00
Po¥tor¥l Gifts
Twinning
Total Fund• DoBlgnat•d
Funds RMtrict•d
35.000.
35.OOD.00
Ju•ti
7.185.￿)
7,185.00
Youth Work•r
6,TrJO.ChJ
Totsl Funds Rmtrktsd
7.185.OD
ss,e67.59
,313.68
01,538.91
13.185.00
85.080.76
-29,413.17
103,852.59
Unr•strlct•d fund• broughtfomrd
Ngt movfjfflgnt In unmtrlctsd funds
Total fApllal and R•8•r¥
Balances at 8tartof y•ar
Totsl Receipts
Tot81 Payments
B818ncing item
84lanc•s at End of y￿r
103,853
109.763
-122,077
91.539
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4. Notes to the Financial Statements
4a Basis of Accounts
These accounts have been prepared on a 'receipts and payments, basis as desuibed in the Charity
Commission document CC16 and accord 7Mth S.42(3) Charitses Act 1993. The fomiat of these accounts
is further based on the recommendations produced by the Association of Church A¢￿untants and
Treasurers {ACAT) and the Bapts'st Union.
4b Incomlng Resources - Charitable actlvltle8
Income from donations and other voluntary income are recogni5ed on a recerved basis. The charity has
not given any finaneial consideration for voluntary help r￿￿ed during the year, and is not able to
quantify such assistsnce.
4c Grant maklng policy
Grants, gifts and donations Y￿re made to various charriies in the furtherance of the church's objectives.
Monies received for spectfic causes are held in a restricted fund. pending ￿MIttanCe of monies to the
appropriate beneficiary. The charity provides funds each year to support BMS World Mission, the C8ntral
Baptist Association Home Mission Fund, Churches Together in Hitchin, our IV￿nned church in Turaan (vlq
Baptist Twinning in Isra81. a UK charity) and the Hitchin Schools Worker project.
4d Penslon costs
The Church is an employer partiapating in a p8nsion scheme known as the Baptist Ministers, Pension
Fund ('the Ministers. Fund,). The Minister(s) are eligible to join the Fund, which is a multi-employer defined
benefit scheme, which is funded and not contracted out of the state scheme.
The main benefit provided by the Ministers, Fund is a pension of one eightieth of final Minimum
Pensionable Income together with additional pension in respect of premiums paid on Pensionable Income
in excess of the Minimum Pensionable Income.
The profft and loss charge for the period represents the employer (x)ntributs'on payable.
40 Investments
Investments are quoted under the Statement of Assets and Liabilities at the market value on the date
these investments Y￿re donated to the church. All are in LSE quoted fund8. It is intended to revalu8 these
investments every 5 years, the next revaluation being in 2025. Income from investments Is accounted for
vthen receivable.
4f Fund accountlng
Funds held by the charity are dassified as :.
Unrestrlcted general funds - these are fvnds which can be used in accordance with the charttable
objects at the discretion of the trustees:
Oesignated funds- these are funds set aside by the trustees out of unrestricted general funds for specific
purposes. In order to simply these statements this category will be discontinued from 2022
Restncted funds - these a￿ funds that can only be used for particular restricted purposes within the
objects of the charity. Expenditu￿ which meets these crtteria is Charged to the funds.
4g statsment of Tru8tee8' Responsibilltles
Charity law requires the Trustees (Deacons) to prepare finan(aal statements that give a true and fair view
of the state of affairs of the charity at the end of the financial year. In doing so the trustees are ￿qUired to..
i) Select suitable accounling policies and apply them ￿nSIsten￿y.
ii) Make judgements and estimates that are reasonable and prudent;
iii) State whether applicable accounting stsndards and statements of ￿¢0MMended practio have been
followed, subject to any material departures disdosed and explained in the financial statements; and
iv) Prepare the financial statement5 on the ongoing o)ncem basis unless it is inappropriate to presume
that the charity wll continue in operation.
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The Deacons are responsible as trustees for maintsining proper accounting records which disdose with
reasonable accuracy at any time the financial position of the charity and enables them to ensure that
financial statements comply with charity law. The Deacons are also responsible for safe guarding the
assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
4h Property Assets Retalned for the Charity's I￿n Use
The church is the beneficial owner {subject to the relevant trusts) of the followng assets, the legal tide to
which is held by the church's custodian trustee [the Baptist Union Corporation Ltd]:
Walsworth Road Baptist Church, Walsworth Road. Hitchin. SG4 9SP
The Manse, 13 NinespTings Way. Hitthin. SG4 9NQ
41 Reserves Pollcy
The Reserves Policy was last reviewed in 2018 where it was agreed that a figure of £35,000 would be
seen as a minimum amount and this is treated as a designated fund within the balance sheet.
41 Rolatsd Charities
The custodian Trustee of the church is the Baptist Union Corporation Limited which is charity number
249635, and which is controlled by the Baptist Union Council. The church is also a member of the Baptist
Union of Great Britain, the Central Baptist Ass¢xiation and Churches Together in Hitchin.
4k Banklng
There were two bank accounts in use during this accounting perlod. The 8ardays accAxJnt is used as the
main daY-￿daY banking account & almost all bills are paid from this account. The HSBC account is used
as the account for paying in via standing orders. The church also has an Inte￿$1 bearing deposit wtth the
Baptist Unlon.
The accounts package used during this accounting period was the 'QuickBooks Online, product supplied
by Intuit Inc.
All the banking transactlons are held exclusively in Quld(Books and are reconciled on a monthly basls
with the Bank Statements. Thus the yearfs dosing balances are maintained in QuickBooks and accord
with the Bank Statements.
41 Fund8
The church accounts have a number of Funds which are maintained in QuickBooks vthich allows
reporting by Restricted Funds and Unrestricted Funds as required by the Charities Commission. (WRBC
does not Currently have any Endowment Funds).
4m Roportlng
The format of these accounts is based on the use of the stsndard business reports vthlch are available
within the QuickBooks sofhvare, such as the Comparative P&L Report (which is the basis of the Receipts
& Payments Summary); and the Balance Sheet Report (vthich is the basis of the Assets & Liabilits'es
Report).
4n 8lgnature and Declaratlon
The Accounts and Statement of Assets and Liabilitses relating to the year ending 31 D￿mber are as
approved by the Deacons of Walsworth Road Baptist Church.
I declare, in my capacity of charity trustee. that the trustees have approved the report above: and have
authorised me to sign it on their behalf.
Signed:
Rev Andrew Henton Pusey
13 Ninesprings Way
Hitchin
SG4 9NQ
Dated..
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Independent Examinerfs Report
To thg Tru
of Walsworth R
Church
I report on the financial statements of Walsworth Road Bapt'st Church for the year ended 31 De¢ember 2024 to be co
This report is made solely to the charity members, as a tx)dy, in accordan￿ wtlh Charity law. My independent
examination work has been undertaken so that I might state to the chartty members those matters which l am
required to state to them in my independent examination report and for no other purpose. To the fullest extent
permitted by law, I do not accept or assume responsibilty to anyone other than the church charity and the charity
members as a body, for my independent examination work. or the opinions I have fomied.
Respectlvo re8ponsibllftle8 of tru8t008 and examln•r
As the charity's trustees you a￿ responsible for the preparation of the financial ststements; you consider that the
audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state,
on the basis of procedures spectfied in the General Directions given by the Charty Commissioners under section
43(7)(b) of the Act, vthether particular matters have come to my attention.
Basi8 of Indopendont examlnerfs report
My examination was carried out in accordance the General Diredions gNen by the Charity Commissioners. An
examination includes a review of the accounting records kept by the chanty and a comparison of the a¢counts
presented wth those records. It also indudes consideration of any unusual items or disclosures in the accounts, and
seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide
all the evidence that V￿ul￿ be required in an audit. and consequently I do not express an audit opinion on the view
given by the accounts.
Independent examlnerfs 8tstement
In connection with my examination, no matter has come to my attention..
(1) which gives me reasonable cause to believe that in any material respect the requirements
to keep accounting records in accordance with section 41 of the Act; and to prepa￿ accounts which accord v41th the
accounting records and to comply wilh the accounting requirements of the Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper und8rstanding of the
accounts to be rea
Signed..
Date..