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)% ILKW￿VI¥.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 Suc￿sS 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.or￿res0UrCesIchUrch-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 Contrib￿lon$.
Re8iStered charity number: 1156858
Page 120

10 Tangible Flxed Assets
Computers
Church
premises
Fumiture &
r￿ing$
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