CAMBRAY BAPTIST CHURCH CHELTENHAM LOVE + GROW + GO 2024 ANNUAL REPORT with financial statements for the year ended 31 December 2024 Registered charity number: 1156858 11 Cambray Baptist Church. Cambray Place. Cheltenham. GL50 IJS wvwi.cambray.org 01242 584672 office@cambray.org
CONTENTS REPORT OF THE TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 PAGE ACHIEVEMENTS & PERFORMANCE........ Services and Worship........... Community Activities...............-.. Children and Youth ................... Mission..-.- Buildings........-. Partnerships.............-. Future Plans . STRUCtURE & GOVERNANCE............... Staff Team..... Trustee5....... FINANCIAL REVIEW....-.... -10 DECLARATION................... -11 REPORT OF THE INDEPENDENT EXAMINER. .12 STATEMENT OF FINANCIALACTIVITIES.................. .13 BALANCE SHEET. .14 CASH FLOW STATEMENT................. .15 NOTES TO THE FINANCIAL STATEMETrirs.................... .16
ACHIEVEMENTS & PERFORMANCE In a church we do not measure performance or achievement by infrastructure or the artivities we run. These are simply tools that contribute to the work of the church. Rather. a church is the group of people who are committed to one another. to growin8 in spiritual maturity and godly chararter and to bringing the good news of Jesus to the world. So. as we reflert on the year past, we look to those things which have enabled growth in these areas to gain a sense of what has been achieved in the past year. 2024 wa5 a year of continuin8 challenge. largely due to the followin8 factors: The departure from among us of a number of families. due to life circumstances The steppin8 Out of ministry work of quite a number of those who have served faithfully for many years The addition of more newcomers. many of whom are yet to start serving within the church The continued failure to recruitto the Church Manager role. causing added burdens to some key leaders A number of pastoral challenges because of complex needs in marriage. health and age But 2024 was a year of growth in activity within the church. as we restarted some large provision which we had been unable to fun since COVID. including a Children's Concert for all the churches in Cheltenham. and large regional conference- the Keswick Bible Festival. a new 'Growing Leaders, year-lon8 course, and re- Services and Worship We again saw a continual change in attendance in 2024, with newcomers, including those from other countries, joining us and others moving on, occasionally to other churches locally but largely to other locations. We saw a larger number leave membership than in some previous years- lar8ely those who had stopped attending a few years befi)re but had not yet decided to leave formally. We are grateful that towards the end of the year we have seen more of our newcomers start to seek Membership. and we hope to see the number of members increased once again in 2025. Our Small Group grew. with another new group set up in 2024 and many other 8roups continuing to grow. Further growth in our Small Groups work was identified as a strategic priority in two Separate reviews of our work which were conducted in 2024. WORSHIP I GROWTH HIGHLIGHTS JAMUARY-MARCH Week of Prayer Spring Training Courses Preachers Group established to train others Leaders Away Day to set 5 Year Objectives Race Week Street Outreach A video review of the work of the church in 2024 is available.. hiii)% ILKWVI¥.ca11lbl d mp3 sermons/Videos/ 2024-Cambray-Review-720p.mp4 APRIL-JUNE Easter 5errfices Children's Concert Local Churches Combined Prayer and Worship Baptism Services Mission Trip to help run Summeryouth Camp in Italy JULY-SEPTEMBER Holiday Bible Club Pastoral Care Review started Church Away Day Youth Camp New Small Group Started Carol 5ervire by Conélelighr OCTOBER-DECEMBER Mission Week with guest speakers & lunch Race Week outreach Cotswold Bible Festival- 700 people attended Registered charity number: 1156858
Community Activitles In 2024 we were pleased to see some of our community actrvtties reallygrow and flourish. OurToddlers group has grown in attendance as its new day and time in 2023 started to become more widely known and has a very dedicated and well-led team to run it. Our Men's Breakfasts and the Women's Connect programme of activities continue to be well-attended. We have seen the provision of friendship and help around sporting activities really grow. with stron8 numbers at our badminton group and growth in the Tennis group. Our Spring Family Quiz was well attended. Our various means of reaching out to Internationals have continued to flourish. with Conversation Cafe and Men's Breakfasts as well as one-off 'specials' all being well attended. Some of our provision has shrunk orckised, and we are sad to be pausing the Men's Footb311 group forthe present. Our mid-week Children's club has also had to cease because of a lack of willing leaders, though we are actively seeking to re-establish this provision. We continue to provide special events for children. including the very successful children's concert in the summer term which saw hundreds of children and their parents fill the main church building. Our summer Holiday Bible Club was also hugely popular. with good numbers attending. We were also able to restart the Youth Camp which we had not been able to . arrange in 2023. We were glad to be able to lead, along WFth St Matts CofE. in the provision of the Cotswold Bible Festival, bringin8 in over 700 people for a day of teaching and children and youth provision. A venture we have been planning for some years was the provision of opportunities for people to go and experience Mission work overseas. We were able to gather a small team who went to Siena. Italy. to help a church there run a summer Youth Camp for a community on the outskirts of Siena-the local Mayor and townspeople were so grateful for the work that was done for their community. and the work was reported in local newspapers. The church were a150 exceptionally generous in their Harvest Giving- over £19,000 was given to support DFN UK. We had the privilege ofseeing the photos ofTanzanian nationals receiving the trainin8 and Bibles which were funded by our giving on the Harvest of 2023. We were blessed with a new person to lead the work of the church in support of our local Heritage Open Day provision, and the closer links which that has brought about. Members of the church continue to be involved in the trust boards of YMCA and CAP, in the work of Street Pastors. in provision for Food Bank, support for local primary and secondary schools and much more. Although this year Storm Bert meant we had to cancel the Christmas Street Market, the work of Hallowed Ground5 and our ongoing Contact with and encouragement of local business continues to be beneficial to the community at large. COMMUNITY HIGHLIGHTS Partnership with Hallowed Grounds Coffee Cart Toddlers Group Youth and Children's aubs Internationals Events JANUARY-MARCH Community Quiz Race-week Outreach Race-week anti-Trafficking campaign APRIL-JUNE Community magazine JULY-SEPTEMBER Summer Holiday Bible Club Heritage Open Days OCTOBER-DECEMBER Light Party Christmas Services The Cambray Big Quiz Registered charity number.. 1156858 Page 14
Children and Youth 2024 was another encouraging year for the children. youth and families ministry. We saw teams continue to develop with leaders appointed and new workers joining teams. Some of our volunteers did training with Growing Young Disciples and Faith in Kids. It was also a year to lay down some ministries and pray/think through how we miBht do them dtfferently 80in8 forwards. We continued to support parents through monthty emai15 and recommendations of bookslpodcasts etc. as well as providing material to help families engage with Gods word through advent. In May we held a families event with Randall Goodgame from Slugs and Bugs. This was a great event drawing people from around Cheltenham a further afield including Worcester and Reading. It was great to see so many children and parents praising and worshiping God in a fun environment. Holiday Bible was a great event and highlight of the year with around 50 members of the church involved and 110 children attending acr055 the week. A number ofour young people went off to camps in the summer and are regularly involved in servin8 in the children's ministry and other areas of church life. In September it was a joy to welcome back one of ouryoung people from a years internship in Jersey and who is now involved with leading our youth ministry. We also had a great youth weekend away In October at Great Wood Camp, Somerset and studied 2 Timothy together and thought about what it means to"Run the Race." CHILDREN & YOUTH HIGHLIGHTS JAN-MARCH Slugs and Bugs Live JULY-SEPTEMBER Holiday Bible Club. Summer Camps OCTOBER-DECEMBER Youth Weekend Away. Light Party Slugs ond Bugs live20241 Mission In 2024 we continued to financially and prayerfully support 4 Mission Partners whom we have sent to work abroad in Nigeria. Zambia. Kosovo and Italy. We continue to support others with links to the church who are serving in Tanzania and in a socially needy area of Highbridge. UK. In June. a small church team travelled to Sienna, Italy to take part in a children's summer camp organised by our Mission Partner there. The camp was a great SucsS and there are plans to repeat it. Durin8 the year. the Missions Team worked hard to improve the visibility of missions and our Mission Partners in general Church life. MISSION HIGHLIGHTS We held one Missions Sunday which focussed on the church in Latin America. We donated a wonderful Harvest Thanksgiving of over £190(K) in support of an education programme for young women vulnerable to traffickin8. We were pleased to add one of our Church Deacons to our Missions Team during 2024. Continued lon8-term support for 4 Cambray Mission Partners. Short Mission Team trip to support our mission partner in Siena. Italy. Mission Sunday focusing on the church in Latin Amerlca. Generous Harvest Thanks8ivin8. Expansion ofour Mission Team and new Ilnk to the church Leadership. Registered charity number". 1156858 Page 15
Buildings A normal year it may have been with all the things from the Quinquennial report now done and the refurbishment of 10 Rodney Road well behind us. Behind the scenes things happen that make us realise we need to ensure that we have a fabric. buildings and maintenance budget that is in line with the size. age and Listing statues of our buildings. At either end of the year. we had major issues to deal with. Early in the year one of the main church heating pumps had to be replaced as it had stopped working. At the end of the year. we had to unblock and repair drains to do with the men's urinals. 80th items unseen but costly to sort. Both items important to sort to ensure the church buildings are in good order so that the reason the buildings exist. the advancement of God5 kingdom on this earth can take place. In the middle of the year, the first section of the rendering to the rear of Rodney Hall was done and further sections will be done in 2026 and 2027. The major 5-year electrical checks for the building were done with no major issues. These checks just brought to the forefront the fact that we are at our limit in relation to electrical power into the building and its use. The main church guttering was cleaned. with the assistance of a contrartor working on Tailorfs roofs. The cleaning of the buildinrfs gutters must be done on a regular basis but due to health and safety some of them have become very costly to clear and maintain. The process of looking to relay and update the church forecourt continues along with the brin8ing of three phase electric into the building. BUILDING HIGHLIGHTS Completion of 5-year electrical checks Completion of first sertion of rendering Rodney Hall Report repair tasks Regular volunteef work4ays Normal maintenance and work days happened throughout the Year. A big thank you to all who contributed their time and effort to the maintenance and repair of the buildings throughout the year. Partnerships We continue to partner with various local agencies whom we raised funds for. including Tearfund, and Cheltenham YMCA Iwho also now run Family Space, which we supported}. We also work with Christians Against Poverty as we supported the local debt centre and worked with both local students in the University of Gloucester Christian Union and with 5UPI)ort for the Universities and Colleges Christian Fellowship nationally. Sadly. we were not able to restart the CAP Money courses in 2024. but we are actively looking to do so in 2025. PARTNERSHIP HIGHLIGHTS We work with other Cheltenham town centre churches under the Love Cheltenham banner. organising lunch and brunch occasions for leaders and combined church events, and Gloucestershire Gospel Partnership in encouraging other like-minded churches in the area. Various members of the congre8ation continue to volunteer with the local Street Pastors and we continue to collett food and supplies to support a local food bank. SEPTEMBERIOCTOBER £19.195 was given to support DFN UK who are seeking to provide help to &'rls otheThiise destined to sex slavery in India. DECEMBER £843.52 raised for the work of Cheltenham YMCA Itotol £1.422.51 including donotions in Jon 20251 Registered charity number.. 1156858 Page 16
Future Plans In 2024 it gradually felt like the constant flux and change post-COVID was starting to slow down and, for a number of reasons, greater stability has come into the life of the church. We noted in our last report that we expected 2024 to become a year of consolidation and re-buildin& and that was the case in many areas. However, the demographic changes because of the age of some of our more lon8-servin8 people, and the relatively new arrival so others. has meant thatthere are weaknesses in provision ofpeople who have capacitytovolunteer into some areas. Thus, growth has been slowed for the present. but foundations are being laid for the future. We tookthe opportunity as a Leadershipto have an in-depth'away da in 2024 to consider where we are as a church and to what might be our major objectives for the next 5 years. This was a hugely helpful time, in which we considered a lot offeedback we had gathered from church members in 2023-2024 in orderto makedecisions. As leaders we now have a clearer set of priorities and goals to work towards in the coming years. We were blessed by an increase in giving in 2024, although the national economic trends offset this increase with increases in expected expenditure in the future. Nonetheless. we were pleased to be able to support the appointment of a new Church Manager and the replacement of our cleaner5 during 2024. We envisage that this appointment will enable the provision of 8reater capacity among our key leaders to move the church forward in 2025. We are keen to build on progress made in re-establishing aspects of our ministry in 2024 which had been put on hold afterCOVID. and we succeeded in this in many areas. However, the challenge is to be ableto continue this momentum into 2025 so that the gains made can be embedded and built upon. We continue to be disappointed by the refusal of the local council to understand the impact upon the work of the church of the Adult Entertainment Venue it has permitted to operate opposite the church entrance, and the impact that continues to have upon the community at large. We are also saddened bythe recent attempts by the council to 'gal opposition to such activities in the future. We trust that national govemment will look again at the underlying legislation in the year to come. 11111] li Registered charity number.. 1156858 Page 17
STRUCTURE & GOVERNANCE Cambray Baptist Church, Cheltenham is a Charitable Incorporated Organisation (registered on 30 April 20141 and is governed by an Approved Governin8 Document lour Constitution, dated 2610612013 - see httpS://www.cambray.orres0UrCesIchUrch-ConstItut10n-and-ruIeslI. Our registered charity number is 1156858. Our principal purpose is the advancement of the Chf Istian faith according to our Basis of Faith, to include the advancement of education and other general charitable purposes in such parts of the United Kingdom and the world as the church shall determine. We provide a variety of activities to our congregation and to the wider Cheltenham community. Our vision is that together we live Ilves of worship, lovlng Jesus. growing in di5ciple5hip. and Ix)Idty pmcloiming Jesus SO that we Import our town. notion and the worldforJesUS. OUR OBJECTIVES LOVE - growing daily in love for God The organisation's leadership team are the Trustees, comprised of the Pastors. Elders and Deacons. 5UPPOrted by a staff team and a large number ofvolunteers. Trustees are voted in by the Members ofthe church at a formal meeting. Meetings of the members normal take place four times per year. At a church members. meetin& the Trustees may submit matters to the members for guidance. consideration or decisions. Members can also give notice to raise matters at meetings. Though the Constitution permits decisions to be made at church meetings by appropriate majorities, the church seeks to work by consensus wherever possible. GROW- 8rowing daily as disciple makin8 disciples GO - going daily in bold gospel witness Staff Team Geraldine Luffrum Finance Officer Rob & Rachael Goldsmith Contract Cleaners untilAu9USt 2024 Voconcy Church Manager Hannah Watson Church Cleaner from 30 Sept. 2024 Registered charity number.. 1156858 Page 18
Trustees Alwyn Barry Senior Pastor Tim Martin Associate Pastor Andy Turnbull Children. Youth & Families Pastor Paul Montgomery Elder Colin Barnett Elder Alan Pilbeam Elder Peter Stojanov Elder Church Treasurer David Weeks Pastoral Care from l@ May 2024 Matt Marks Church Treasurer until 16th Moy 2024 Geor8e Boyd Small Groups, Lay Preachers Harry Doel Deacon until 16th May 2024 Alex Luffrum Church Secretary Andrew Chan Welcome, Newcomers. Membership lan Parsons Fabric Re8iStered charity number.. 1156858 Page 19
FINANCIAL REVIEW The church raises the funds it needs to carry out its activities from within its own membership and congregation. The church also expresses its part in the life of the wider church by making grants to national and international Christian organisations and societies with Christian aims and objectives compatible with the church's own charitable purpose. The church is heavily dependent on its con8re8ation working as volunteers in all aspects of our activities, many of which run with little or no impatt on the church's expenditure but. nevertheless, contribute substantially to the achievement of the church's objectives and to the public benefit. Net income for theyear is £42.53812003= £17.890), benefitting from legacy income of £26,54012003= £2,222). 10 Rodney Road is being let out for rental income and was revalued as an investment property a5 required by the accounting standard. Showing a gain of £475,IM)O. Capital expenditure of £44,445 was incurred on a new sound system. For many years. the Church has paid deficiency contributions in respect of the Baptist Pensions defined benefit scheme. In November 2024. the scheme was bought out by an Insuran company and the church no longer has any further responsibility to the Scheme. The trustees have agreed on a reserves polioi to maintain a balance in the General Fund of at least 3 months of regular outgoings, plus an additional 3 months of salaries and mission partner funding. Based on the accounts, this is £140,000. As of 31st December 2024. the balance in the General Fund was £185,476. Risks The main financial risks to the church are- Malntenance of our premlses - a team monitor and maintain the premises to a high standard. They are developing a list of priorities for maintenance, as well as responding to urgent needs. Inflation and cost of living- this will affect the costs of operating the church. e.g. heating bill increases. and as members of the congregation might face a tightening of finances. there is the possibility that givin8 will reduce. Registered charity number.. 1156858 Pa8e 110
DECLARATION The Trustees declare that they have approved the Trustees. Report above. Signed on behalf of the charitvs Trustees. Sl8natures Full Names Peter Stojanov Alex Luffrum Positlon Treasurer Secretary Date Zs Registered charity number.. 1156858 Page 111
REPORT OF THE INDEPENDENT EXAMINER I report on the financial statements of Cambray Baptist Church. Cheltenham for the year ended 31 December 2024 which comprise the Statement of Financial Activities. the 8alance Sheet, the Cash Flow Statement and the related notes I to 20. Respectlve responslbilities of Trustees and Examiner The charity's Trustees are responsible for the preparation of the financial statements. The chariVs Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charitie5 Act) and that an independent examination is needed. It is my responsibility to: examine the financial statements under section 145 of the Charities Act, to follow the procedures laid down in the 8eneral Directions given by the Charity Commission (under section 14515llbl of the Charities Act. and to state whether particular matters have come to my attention. Basss of Independent Examlnerfs ststement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accountin8 records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently, I do not express an audit opinion on the accounts. Independent Examiner'5 Statement In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in, any material respect. the requirements= to keep accounting records in accordance with section 130 of the Charities Act- and to prepare financial statements which accord with the accountirE records and comply with the accounting requirements of the Charities Act have not been met. Slgnature Full name Steven Pascoe Qualification ACMA Date Registered charity number: 1156858 Pa8e 112
STATEMENT OF FINANCIAL ACTIVITIES Year ended 31 December 2024 Notes Unrestrirted funds Restricted Endowment funds funds Total Total 2023 2024 Income from: Donations and legacies Charitable activities 302.321 16,153 25,340 343,814 21.324 323.645 16,153 25,340 365,138 274.110 14.102 3.919 292,131 Investment income Total income 21,324 Expenditure on: Charitable activities 302.120 302.120 20,480 20,480 322,600 322,600 274,241 274,241 Total expenditure Net income 41.694 42,538 17,890 Gain on revaluation of fixed assets 475.1 475,LKK) li Net movemènt In funds 41.694 475.0(M) 517,538 17.890 Total funds brought forward 246.032 10.788 256,821 238,931 Total funds carrled forward 19 287,726 485,788 774,359 256.821 Registered charity number.. 1156858 Page 113
BALANCE SHEET Year ended 31 December 2024 Notes 2024 2023 Flxed Assets Tangible fixed assets Investment property110 Rodney Roadl io 56.340 15,683 li 475.1xx) 531,340 15.683 Current Awts Debtors 12 20.375 15.937 Fixed term deposit Cash in hand and at bank 100,OCM) 13 129.334 232.978 249,709 248.915 Current liabllltles Creditors= amounts falling due within one year 14 {6.6901 243.019 16,789) Net Current a55ets 242.126 Nm-current Ilabllltle5 Creditors.. amounts falling due after one year 15 (9881 Net assets 774,359 256,821 Charltable funds Unrestricted funds 16 287,726 246,032 Restricted funds 17 Endowment funds 18 485.788 10.788 Total funds 19 774,359 256,821 The notes on pages 16- 25 form an integral part of these financial statements. notes I to 20 inclusive. These accounts were approved by the Trustees on on thelr behalf by: 102< and $18ned Slgnatures Full Names Peter Stojanov Alex Luffrum Posltion Church Treasurer Church Secretary Registered charity number: 1156858 Pa8e 114
CASH FLOW STATEMENT Year ended 31 December 2024 Notes 2024 2023 Cash flows from operatlng activltles: Net income for the year as per the statement of financial activities 42.538 17,890 Adjustments for= Finance cost pension discount unwind Depreciation charges Movement in pension liability Pension deficiency payments Ilncreasel/decrease in debtors Decrease in creditors Net cash provided by operatln8 activities 45 547 3.788 (1.0351 iioi 14,438} 1871 40.801 2.553 111,6951 1121 23,591 13791 32,495 Cash flows from investln8 activities: Purchase of property. plant and equipment Amount placed on fixed term deposit Net cash used in Investing artivities 144,4451 {100,owi 1144.4451 Net (decrease) / Increase In cash and cash equivalents (103.644) 32.495 Cash and cash equivalents at the beginning of the year 232,978 200,483 Cash and cash equlvalents at the end of the year 13 129.334 232,978 Registered charity number: 1156858 Page 115
NOTES TO THE FINANCIAL STATEMENTS I ACCOUNTING POUCIES a. Basis of preparation The accounts are prepared in accordance with the Accounting Regulations set out under The Charities Art 2011, and with the Charities Statement of Recommended Practice FRS102 20191"Charities SORP FRS102"1. b. Donations Donations are recognised when received. Income tax recoverable on Gift Aid donations is recognised when the income is reco8nised. c. Legacies Le8acies are accounted for when their receipt is reasonably certain and can be properly quantified. d. Investment Income Investment income is included in the accounts in the year in which it is receivable. e. Grants payable The Church makes grants to other organisations. including those involved in the support of Gospel Partner5 sent by the Church. whose charitable objects Complement its work. Grants are accounted for when paid over, or when awarded. if that award creates a binding obligation on the trustees. f. Support costs Support costs are considered to be wholly attributable to the Establishment actr¥ity- g. Fixed a55etS Church premises and the manse built in 1952 are stated at cost. 10 Rodney Road is accounted as an investment property and stated at market value. These properties are held under permanent endowment constituted under the terms ofthe deed of bargain and sale dated 27 January 1855. The General Vesting Declaration signed on 30 December 2014 confirms that these properties are subject to this property trust. Depreciation ha5 not been char8ed on the ori8inal cost price of the church premises or manse, because in the opinion of the trustees, the residual value of the asset is not le55 than cost. Subsequent capitalised buildin85 expenditure 15 included at C05t le55 accumulated depreciation. Furniture and fittings and computer equipment are ststed at cost less accumulated depreciation. All assets where the cost of the item is greater than £l.(M)O are capitalised. Depreciation is calculated to write off the cost down to its estimated residual value on a straight-line basis over the expected useful life of the asset. at the following rates: Buildings Furniture & fittings Computer5 & equipment 33% h. Flnanclal Instrumerts Financial assets are fixed term deposits and cash at bank and in hand as shown on the balance sheet. Financial liabilities are trade creditors and accruals for grants payable as shown in the note on current liabilities. All financial instruments are payable or receivable within one year and are therefore measured at the undiscounted amount of the cash or consideration expected to be paid or received. There are no financial instruments measured at fair value through income and expenditure. Investment income in the Re8iStered charity number.. 1156858 Page 116
statement of financial activities shows the interest receivable for financial assets not measured at fair value through income and expenditure. There is no expense related to financial liabilities. l. Cash In hand and at bank This includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or openin8 of the deposit or similar account. j. Penslons The Church participates in a number of defined contribution arrangements and in addition was until November 2024 a participating employer in a multi-employer defined benefit scheme which is also accounted for as a defined contribution scheme because it was not possible to identify the Church's share of the underlying assets and liabilities. Contributions payable are charged to the statement of financial activities in the period to which they relate. k. Funds Unrestricted funds consist of the general fund which represent funds that are not subjert to any restrictions regarding their use and are available for the general purposes of the Church and desi8nated funds which are funds that have been designated by the trustees for a particular purpose. For certain funds the trustee5 reflect the non-bindin8 wishes of donors in deciding the specific purposes. Legacies and in memoriam gifts made without restriction on their use are applied to a separate designated fund to be used for one-off expenditure at the trustees. discretion. Restricted funds are held on specific trusts under charity law. The specific trusts may be declared by the donor when making the gift or may result from an appeal for fund5. The specific trusts establish the purpose for which a charity can lawful use the restricted funds. The endowment fund is the value of the buildings as explained above. Registered charity number: 1156858 Page 117
2 Donatlons and Legacles Unrestrlcted Restrlrted Total 2024 Total 2023 Offerings and similar donations Gift Aid tax refunds Donations received for meals, outings and similar 230.146 17.913 3,411 248,059 48,216 480 223,434 45.736 968 44,805 Grants received 350 350 1,750 2,222 Bequests and legacies 26.540 26.540 302.321 21,324 323.645 274.110 3 Income from Charitable Activitie5 Unrestrlcted Restrirted Total 2024 Total 2023 Intome from use of church premises Sale of bible study notes and Christian magazines Subscriptions and general sales Other income 3.620 3,620 2,963 21 10.184 2.295 16,153 10,184 2.295 16.153 5,508 2.610 11,102 4 Imiestment Income Unrestrlrted Restricted Total 2024 Total 2023 Income rental from 10 Rodney Road Bank interest 18,450 6.890 18,450 6.890 3.000 3.919 25.340 25.340 6,919 5 Expendlture on Charitable Activities Notes Unrestrirted Restrlcted Totsl 2024 Total 2023 Ministry Mission 143,599 70,041 143.599 123,667 20.480 ,521 88,480 79,421 71.153 Establishment 302,120 20.480 322.600 274,241 Ministry costs include a finance cost of £4512023.. £5471 relating to the pension liability. Registered charity number.. 1156858 Page 118
6 Total Expendlture Actlvltles undertaken dire Gant funding of artNities Support costs Total 2024 Total 2023 Notes Ministry MTrsslon 143.599 21.809 66.183 143,599 g),S21 88.480 123.667 79,421 71.153 68.712 Establishment 22,297 231.591 68.712 22.297 322,6C 274.241 7 Grant Funding lover £l.CX)O Specified) Unrestricted Restrlcted Totsl 2024 Total 2023 Baptist Home Mission BMS World Mission IGeneral, Medical. Birthday & Relief Funds) Christmas Offering for Family Space & YMCA 1.300 1,363 1.3(M) 1,334 1,375 1.363 1,285 1,285 1,876 Crosslinks - Andy Symons Harvest Offering IFES-S Storsone 12.000 12,0(K) 19.195 8.400 1,200 12,000 12,(Y)O 9,294 8,400 1,350 12,000 2,800 19,195 8.400 1.2C 12,0 3C Church- CAP OM - Emily & Riza Pepa - Kosovo SIM International- N Coleman Wycliffe UK-T & N Kempton Grants payable- £l,O)O and les5 9,6CKI 2.369 48.232 9,6 2,369 68.712 1,984 62.013 20.480 8 Support Costs Unrestrlrted Restrfcted Totsl 2024 Total 2023 Administrative staff Other administrative costs 11.758 10.443 11,758 10.499 40 10,825 8.304 36 56 Governance costs 22,241 22.297 19,165 Support Costs are considerÈd to be ful attribut#blÈ to Establishment. Registered charity number.. 1156858 Pa8e 119
9 staff Costs and Trustees, Expenses 2024 2023 Salaries 132.079 127,478 1,637 11,385 111.6951 13,048 Social security costs Pension costs 1,417 12,012 11,0351 14,359 Decrease in pension liability Other costs 158.832 141.853 The average number of employees during the year was 4.2512023.. 41 No employee received emoluments in excess of £60.OW during the year12023- none). A trustee. the Associate Pastor. who is urKJer a contract for service. has entered into a leaseback agreement wlth the Church on hi5 house Three trustees are employed by the Church and their remuneration for 2024 was: Alwyn Barry: Salary £38.369, Pension £4,598 Tim Martin- Salary £29.929. Pension £3.754 Andy Turnbull.. Salary £31,160- Pension £3.116 and £4,157 of expenses were incurred in the year for travel. hospitality. resources and conference costs. Geraldine luffrum, the wife of a trustee. is employed by the Church and is considered to be a related party under the Charities SORP FRS102. In 2024 salary paid was £10.873 with £544 pension Contriblon$. Re8iStered charity number: 1156858 Page 120
10 Tangible Flxed Assets Computers Church premises Fumiture & ring$ Manse equipment Total Cost At l January 2024 Additions 59.100 3.688 71,3(N) 73.825 44.445 207.913 44.445 At 31 December 2024 59.100 3.688 71,3Crf) 118.270 252.358 Depreciatlon At ljanuary 2024 Char8e for the year At 31 December 2024 52.( 68,586 1.462 71,644 2,326 73,970 192,230 3,788 196,018 52.1)Xl 70,048 Net Book Value At I january 2024 At 310ecember 2024 7,1 3,688 2.714 2,181 15,683 56,340 7.ILKI 1,252 44300 11 lrniestmerrt Property (10 Rodney Road) At 31 December 2023 At 31 December 2024 10 Rodney Road has been re-classed as an investment property because it is being used for rentsl income. The original cost of this asset. purchased in the 18Ws with other property. is not available but is less than £600. The valuation was made in November 2024 by a local estate agent. 475 12 Debtors 2024 2023 HM Revenue & Customs IGift Aid tax reclaim) Prepayments and accrued income 7,472 4,712 12,903 20.375 11,225 15.937 13 Cash In hand and at Bank 2024 2023 Cash 143 335 Current accounts 11,034 118,157 129.334 11.204 Savings accounts 221,439 232,978 Registered charity number.. 1156858 Pa8e 121
14 Creditors: Amounts Falling Due Wlthin One Year 2024 2023 Pensions liability Ideficiency contributions payable to Baptist Pensions) Accrual for grant payable in respect of Christmas offerin8 Accruals ond deferred income Trade creditors 12 1,876 1,649 3,252 6,789 4,142 6,690 15 Credltors: Amounts Fallin8 Due After One Year 2024 2023 Pension liabilty: At ljanuary 12.160 Flnance cost of discount unwind - included within Ministry actiwty Deficiency contribLrtions paid Decrease in pension liability- stsff costs 45 547 {ioi 11.0351 111,6951 At 310ecember 1,000 Amount falling due within one year Amount falling due after one year 12 988 The discount rate used for the finance cost for pension liabilities is 4.5%12023.. 4.5%). Registered charity number.. 1156858 Pa8e 122
16 Unrestrlcted Funds Net incomel Transfews Expenditure (expenditure) tol{froml At 31.12.24 At 1.1.2024 Income General fund 151,268 286,026 1232.1251 53.901 119.6931 185.476 Designated fvnds: Fellowship fund Legacy fund Or8anisations' lun(J Partnership fund Tangible fixed assets 1.130 iiooi 115.3101 16,277) 144,520) 13,7881 1302.1201 {ILN)I 11,230 142 1,030 53,836 1,830 87,051 26.540 6.419 24,829 144.4451 1.688 119,6911 13,7881 41.694 19,693 4.895 44,445 45,552 246.032 343.814 287,726 General Fund - is used for the day-to-day income and expendrture of the church. Fellowship Fund- is available in the case of need within the fellowship on a confidential basis by our Pastors. Le8acy Fund - contains legacies earmarked for specific projects. At year end there were three such projects and expenditure is experted over the next three years. OrgaTrisation< Fund- comprise the accounts of Church organisations set up to perfomi specific actlvities. Partnership Fund- supports our Gospel Partners, their mission agencies and similar mission activities. Tangible Fixed Assets- the net book value of expenditure on fixed assets other than arisin8 from endowment funds. Registered charity number.. 1156858 Page 123
17 Restricted Funds Net Income/ (expendlture) At 1.1.2024 Income Expenditure At 31.12.24 Appeals fund 21,380 21,380 120,5361 120,5361 Appeals Fund- is for special offerin85 tsken durin8 the year, for example at Christmas and Harvest. 18 Endowment Funds At 1.1.2024 Gains Losses At 31.12.24 Church and manse bLtildin8S 10.788 475,OXI 485.788 See Note 18 Flxed Assets for back8round details. 19 Analysls of Net Assets Flxed Current Current Ilabilities Non-current assets assets liabilities Total Unrestrirted fvnds 16 45.552 248.864 16,6901 287.726 Restricted funds 17 Endowment fLsnds 18 485.788 485.788 531,340 249.709 16,6901 774,359 Registered charity number: 1156858 Page 124
20 Penslons The Church operates a number of defined tontribution pension scheme arrangements. Contributions payable to the schemes are charged to the statement of financial activities in the period to which they relate. The Church was also a participatin8 employer in a defined benefit pension plan within the Baptist Pension Scheme which is a separate legal entity and administered by the Pension Trustee (Baptist Pension Trust Limited). The defined benefit plan closed to further accrual on 31 December 2011 and was replaced by a defined contribution plan within the Baptist Pension Scheme. As a result of the deficit in the deflned benefrts plan participating employers were obliged to pay deficiency contributions set at 12% of pensionable salary. Under the recovery plan adopted in July 2020 it was expected that these deficiency contributions WOLbld be required to be made until 30 June 2026. These were reduced to 8 nominal £1 per month in Juty 2022 following the payment of a premium by the scheme to Just Retirement knmited I"Just"l. In November 2024 Baptist Pensions announced a buy-out of the defined benefits scheme with Just had been completed and therefo the Church DO longer has any fvrther responsibility to the scheme. Pension contributions recognised as an expense in 2024 were £12.01212023'. £11,385). End of the Accounts Registered charity number.. 1156858 Page 125