CHARITY REGISTRATION NUMBER: 1171500 Community Baptist Church, Sutton Report to the Trustees and Financial Statements For the year ended 31 December 2024
Community Baptist Church, Sutton Financial Statements Year ended 31 December 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements
Community Baptist Church, Sutton Trustees. Annual Report Year ended 31 December 2024 The trustees present their report and the unaudited financial ststements of the charity for the year ended 31 December 2024. Reference and administrative details Registered charity name Community Baptist Church. Sutton Charity registration number 1171500 Principal office 1 Kenny Drive Carshalton SM5 4PH The trustees K Napora (resigned 1 March 2024) E Pera H Clayton (appointed 1 March 2024 Rev R Strother Independent examiner Bhupindar Chowdhary FCA Chowdhary & Co Chartered Accountants 46 Syon Lane Osterley TWT 5NQ
Community Baptist Church, Sutton Trustees. Annual Report(contiftu Year ended 31 December 2024 Structure, governance and management Governing document The charity is govemed by its constitution adopted on 11 September 2016 as amended 29 January 2017. Recruitment and appointment of new trustees Trustees are elected from amongst the membership of the church, and are nominated by the members. Nominees are interviewed and vetted by the pastor and existing trustees. Voting takes place at the Annual General Meeting to elect trustees for the coming year. Relevant training is provided by the existing trustees. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees consider that they have to consider credit risk and cash flow risk. Any use of financial derivatives is governed by the charity's policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes. Credit risk The charity's principal financial assets are bank balances. The amounts presented in the balance sheet are net of allowables for doub1 receivables. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers. Objectives and activities Objectives and aims The advancement of the Christian religion for the benefit ofthe public in accordance wth the following.. To exalt Jesus Christ in all actions and manners so prescribed in his word- To explain biblical trLrth in a practical manner so that we may encourage and be an example to our community", To encourage spiritual growth amongst our membership: To establish family and moral values in order to promote a godly lifestyle., To expand the leaders that have a passion to reach out in a spiritual and practical manner., and To expand the purpose of Jesus Christ in global outreach to our surrounding community and entire worfd. Specific activities undertaken in the fvrtherance of these objectives during the year are recorded in the separate Trustees, Annual Report filed wrth the Charty Commission. Public benefit The Trustees confirm that they have complied wth the duty in Section 4 of the Charities Act 2011 to have regard to the Charity Commission's general guidance on public benefit. All activities are undertaken for the benefit of the public at large. Grant making The payment of grants to missionaries and Christian charities. in furtherance of the charity's objectives, are voted and agreed upon by the trustees at regular meetings.
Community Baptist Church, Sutton Trustees, Annual Report(continuerfl Year ended 31 December 2024 Achi8vem8nts and perforniance Review of the development, activities and achievements for the year The trustees are happy with progress made in the year. We have a number of regular activities that are designed to help us achieve the objects set out above. These include.. Weekly church services open to the general public where we exalt Jesus Christ through worship.. explain the Bible in a practical way., encourage people to have a positive impact in the community., and encourage people to live by the moral values we find in the Bible. Weekly Bible studies that are more infomial but still cary the main objective of explaining and applying the Bible in a practical way. Outreach to our local community. inviting people to our services and sharing biblical trLrth with them. Regular leadership development to foster a deeper understanding and application of biblical teaching and encourage leaders to reach OLrt to others in their communities. Involvement with other local churches, here and abroad, through prayer, financial support, and occasional visits. Below are some of the regular activities and achievements of Community Baptist Church Sutton in 2024.. Held outreach events on our local high street to meet and benefit people in our local community. Held regular church services. open to the public. where the Word of God is taught and expounded. Held weekly Bible studies for members and regular attenders to help them deepen their knowledge of the Word of God. Held monthly church prayer meetings where we pray for God's working in our local community. Held regular events for church members to engage in Christian fellowship. Supported foreign missions and church planting partners. Participated in one-on-one discipleship sessions to train new leaders in the church. Supported our local food bank financialty to help those in need in our community. Conducted Holiday Bible Club for children over summer holidays. Held baptism services so that believers might follow Christ's command to be baptised. Received new members into the church. Held our annual carol Servi as a Christmas communty outreach. Visited one of our church planting partners in Europe. Distributed 5.000 copies of the New Testament and Psalms in our local community. Inveslment policy and performance All assets are held in cash and in light of current interest rates the trustees are satisfied with the returns that they receive given that investments are held in low-risk accounts.
Community Baptist Church, Sutton Trustees. Annual Report(contiftu Year ended 31 December 2024 Financial review Reserves policy The charity's reserves are represented by the cash at bank and in hand. Totsl reserves are £254,473 {2023'. £201 ,688) and this level of reserves is maintained to cover annual running costs, and to build up a fund with the objective of purchasing premises in the future. The trustees, annual report was approved on 29 October 2025 and signed on behalf of the board of trustees by= Rev R Strother Trustee
Community Baptist Church, Sutton Independent Examinerfs Report to the Trustees of Community Baptist Church, Sutton Year ended 31 December 2024 I report to the trustees on my examination of the financial statements of Community Baptist Church, Sutton ('the charty'i for the year ended 31 December 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charty's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect= accounting records were not kept in respect of the charity as required by section 130 of the Act., or the financial statements do not accord with those records- or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Chartiies (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view vthich is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Bhupindar Chowdhary FCA Independent Examiner Chowdhary & Co Chartered Accountants 46 Syon Lane Isleworth Middlesex TWT 5NQ
Community Baptist Church, Sutton Statement of Financial Activities Year ended 31 December 2024 2024 Restricted ftjnds Totsl funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Investment income 76,058 3.050 6,872 82,930 3,050 46,836 1,282 Total income 79.108 6.872 85,980 48,118 Expenditure Expenditure on raising funds.. Costs of raising donations and legacies Expenditure on charrtable activities Total expenditure 99 27.444 99 33,096 85 29,681 5,652 27.543 5.652 33,195 29,766 Net income and net movement in funds 51,565 1,220 52,785 18,352 Reconciliation of funds Total fvnds brought forward Total funds carried forward 191,290 10,398 201,688 183,336 242,855 11,618 254,473 201,688 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Community Baptist Church, Sutton Statement of Financial Position 31 December 2024 2024 2023 Note Current assets Cash at bank and in hand 254,473 201,688 Net current assets 254,473 201,688 Total assets less current liabilities 254,473 201,688 Funds of the charity Restricted funds Unrestricted funds 11,618 242,855 10,398 191,290 Total charity funds 254,473 201,688 These financial statements were approved by the board of trustees and authorised for issue on 29 October 2025, and are signed on behalf of the board by.. Rev R Strother Trustee
Community Baptist Church, Sutton Notes to the Financial Statements Year ended 31 December 2024 General inforniation and accounting policies Community Baptist Church, Sutton is govemed by the constitution dated 11 September 2016 and amended 29 January 2017. The Registered Charity number of the Trust is 1171500 and its registered address is 1 Kenny Drive, Carshalton, SM5 4PH. Accounts are presented in GBP sterling. The charity's objectives are the advancement of the Christian religion for the benefit of the public in accordance wrth the following= To exalt Jesus Christ in all actions and manners so prescribed in his word., To explain biblical truth in a practical manner so that we may encourage and be an example to our community., To encourage spiritual growth amongst our membership., To establish family and moral values in order to promote a godly lifestyle- To expand the leaders that have a passion to reach out in a spiritual and practical manner., and To expand the purpose of Jesus Christ in global outreach to our surrounding community and entire world. Basis of preparation of financial statements The accounts (financial statements) have been prepared in accordance with the Ststement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charits'es Act 2011 and UK Generally Accepted practi as it applies from 1 January 2021. After reviewing the charity's finances, the trustees have a reasonable expectstion that the charity has adequate resources to continue in operational existence for the foreseeable future. The trust therefore continues to adopt the going concern basis in preparing its financial statements. The charity constitutes a public benefft entty as defined by FRS 102. Income recognition and debtors All income is included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Donations and legacies are recognised on a re1vable basis when receipt is probable and the amount can be measured reliably. Investment income is accounted for gross and when received. Debtors are recognised at their monetary value. Gifts in kind Gifts in kind are recognised in different ways dependent on how they are used by the charity.. (i) Those donated for resale produ income when they are sold. They are valued at the amount actually realised. (li) Those donated for onward transmission to beneficiaries are included in the Statement of Financial Activities as incoming resources and resources expended when they are distributed. They are valued at the amount the charity would have had to pay to acquire them. (iii)Those donated for use by the charity itself are included when receivable. They are valued at the amount the charity would have had to pay to acquire them.
Community Baptist Church, Sutton Notes to the Financial Statements {continued) Year ended 31 December 2024 Expenditure recognition and liabilities Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Liabilities are recognised at their monetary value as soon as there is a legal or constructive obligation committing the charity to pay out resources. Grants payable are recognised as expenditure when the commitment is entered into. The Society has specific guidelines to be followed by the Trustees when deciding on the payment of grants to individuals and institutions. Grants offered subject to conditions which have not been met at the yearend date are noted as a commitment but not accrued as expenditure. Raising funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Charitable activities Charrtable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example. allocating propety costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charity for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010oe Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. VAT incurred is not recoverable and is treated as a cosL Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tem) highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund structure Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purpose at the discretion of the trustees. Restricted income funds are those donated for use in a particular area or for specrfic purposes, the use of which is restricted to that area or purpose. At present restricted funds are raised to support missionary work, at the direction of the trustees.
Community Baptist Church, Sutton Notes to the Financial Statements (continued) Year ended 31 December 2024 Financial instruments Recognition and measurement All financial assets and liabilities are initially measured at a transacts'on price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when. and only when, there exists a legally enforceable right to set off the recognised amounts and the charity intends either to setde on a net basis or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are setued, b) the charity transfers to another paty substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some but not all significant risks and rewards of oymership has transfeed control of the asset to another paty. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. INCOME FROM DONATIONS AND LEGACIES Unrestricted nds General Restricted Jnds Total 2024 Total 2023 Donations and legacies.. Donations from individuals Regular giving and capital donations 6,872 6,872 76,058 5, 648 41,188 76,058 76,058 6,872 82,930 46,836 EXPENDITURE ON RAISING FUNDS Costs of generating donations and legacies Unrestricted nds General Restricted costs Total 2024 Total 2023 Other direct costs of generating voluntary income 99 99 85 10
Community Baptist Church, Sutton Notes to the Financial Statements (coftlinu Year ended 31 December 2024 EXPENDITURE ON CHARITABLE ACTNITIES Unrestricted Restricted nds costs General Total 2024 Total 2023 Regular giving to missionaries Other costs of charitsble activities 5,652 5,652 27,444 4,589 25.092 27.444 27.444 5,652 33,096 29,681 GOVERNANCE COSTS {included in charitable activity costs) 2024 2023 Independent examinerfs fee 480 480 TRUSTEES AND EMPLOYEES The charity does not have any employees in the current year {2023.' none). During the year, the church made a 'love offering. of £Nil (2023= £2,125) to Pastor Ryan Strother who is one of the charity's trustees. Other than this payment, there were no other trustees, remuneration or other benefits for the year ended 31 Dember 2024 nor for the year ended 31 December 2023. Members of the church volunteer to help set up and break down the church setting at Seices, and volunteer to spread the message locally through meeting the public and distributing tracts on a regular basis. No employee eamed more than £60,000 per annum. Trustees. expenses During the year, the church paid £16,200 to Pastor Ryan Strother as a contribution towards his home rent to cover the costs of the church office located in his home (2023.. £13,200). There were no other trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 Dember 2023. 7. TAXATION As recorded in Note 1 the church is a registered charity and is therefore exempt from tsxation on its income.
Community Baptist Church, Sutton Notes to the Financial Statements (conlinuedj Year ended 31 December 2024 MOVEMENT IN FUNDS Net Movement in funds 1Jan24 31 Dec 24 Restricted fvnds Missionary Unrestricted funds 10,398 1,220 11,618 General Designated 173,267 18,023 51,565 224.832 18,023 201.688 18.352 254,473 Net movement in funds, included in the above are as follow.. Incoming Resources Resources expended Transfers Movement in funds Restricted fvnds Missionary 6,872 (5,652) 1,220 Unrestricted funds General 79,108 (27,543) 51,565 Designated SPLIT OF NET ASSETS Unrestricted funds Restricted funds Total Cash at bank 242,855 11,618 254,473 10. ULTIMATE CONTROLLING PARTY The charity is run on a day-towday basis by the appointed trustees as shown in the Trustees, Report. 11. RELATED PARTIES There are no related paty transactions to disclose other than those disclosed in note 6. 12