Upton Vale Baptist Church Trustees Annual Report And Accounts Year ended 31 December 2024 Registered Charity Number: 1176425 Co Number: CE012770
Upton Vale Baptlst Church Year Ended 31 December 2024 Contents Report of the Trustees 2-11 Independent Examiner's Reportto the Trustees 12 Statement of Finandal Attivities ISOFAI Balance Sheet 14 Notes to the Financial Statements 15-24
Uptonvale UPTON VALE BAPTIST CHURCH CHARITY INCORPORATED ORGANISATION TRUSTEES ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Charity Number 1176425
Upton Vale Baptist Church (UVBC) Reglstered Charity Number 1176425 Trustees Annual Report Year ended 31 December 2024 The Trustees have pleasure in presenting thr report and the financial statements of the Chariiy for the year ended 31 December 2024. Prln¢lpal address: Castle Circus St Marychurch Road Torquay TQ13HY Trustees as at the date of approval of the report Ruth Elizabeth Addison (26.11.2024) Eldership Trustee Simon Mark Clay, Trustee in his role as Senior Minister (22.07.2024} David Edward Chivers (29.11.2022)- Eldership Trustee Rachel Loye Greenwell (28.11.2023)- Governan Twstee Chadotte Anne Haywood (29.11.2022) - Eldership Trustee Alexander John Kittow (29.11.2022)- Eldership Trustee Rosalind Margaret Morrison (26.11.2024))- Eldership Trustee Paul John Rosser {28.11.2023) - Govemance Tnjstee David Bary Scott {28.11.2023) - Govemani% Trustee Richard James Thorpe (26.11.2024)) _ Govemance Trustee Katherine Nanette Famum (28.11.2023)- Govemance Trustee Bankers: Main Bankers.. CAF (Charities Aid Foundation) 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA Page 2 of io Uptonvale Reglsterèj chanty 117ts5
Lloyds Bank 2 Palace Avenue Paignton TQ3 3ER Baptist Trust Fund Baptist Union Corporation Baptist House, Didcot PO Box 44 129 Broadway Didcot OX118RT Kingdom Bank Llmlted Media House Padge Road Beeston Nottingham NG9 2RS Accountants and Independent Examiner Peplows Chartered Accountants Moorgate House King Street Newton Abbot TQ12 2LG. Appointed in March 2022 Structure. Governance and Management The titles of the Church Premises and the Church Manse are vested in the Baptist Union of Great Britain as Holding Trustee. The Holding Trustee also holds the relevant deedsltitle documents. Upton Vale Baptist Church is an incorporated charity with its Constitution being the goveming document. The charty was entered onlo Ihe Register of Charities by the Charity Commission on 21 December 2017 on the basis of a constitution approved by a resolution of church members on 28 November 2017. A further resolution was passed by the church members at the Church Meeting on 6 July 2020 to amend dauses 12.5.2 (Church Page 3 of io Uptonvale Register*J ctY ll78425
Membership), 14.3.8 (Eligibility to be a Twstee) and 14.4.1 (Maximum Number of Trusteas). Appointment and removal of Trustees is by the church meeting in a(xordance with Ihe church constitution (Section 14) and charity law. Potenlial new Trustees are selected from members of the Church. Proceedings of Truslees are in accordance with the church constitution. The managing Trustees are Ministerfs). Govemance Trustees and Eldership Trustees. The Ministers are appointed by the church meeting to a posilion which in the case of ministers has the benefit of an annual stipend. The Senior Minister is a Trustee by virtue of their office. Other ministers are not automatically Trustees but may be appointed as Tnjstees by the church members. The structure of the church is not hierarchical. The leadership operates as a team with members exercising their grfling under the leading of Almighty God: Father. Son and Holy Spirit. Upton Vale is a large and lively church of all ages and operates out of the centre of Torquay. The Staff Team and G0Veman Trustees manage the day to day running of the Church under the management of the Senior Minister and they have responsibility for: Celebrations & Worship Pastoral Care & Discipleship childn. Youth and Young Adults Outreach and Community Administration and premises management This enables us as a church to be fruitfvl as we focus our energy and prayer on the above five areas. Church members are encouraged to be active in the life of the church and we have a large number of dedicated volunteers who Work with staff in different areas. Church members are updated on developments and exercise control over major decisions at regular church meetings. The spiritual direction. teaching and pastoral care of the church is in the hands of Ihe Ministers and Eldership Trustees, with the support of the following sub-groups.. a. Pastoral Action Team b. Global Outreach Team and Good News to Torquay Action Team staff Team Page 4 of io Uptonvale JQl RegLSter8d th&ity ll78425
The administration of the church is (x>ordinated by the Govemance Trustees. with specific people having responsibility in various areas. The trustees operate through action teams for Fabric, Finance, Technical and Media, and Safeguarding. The Church is a member of the Baptist Union of Great Brttain. Ihe South West Baptist Association and the Evangelical Alliance. Health and Safety The Health & Safety function is outsourced to Peninsula Business servIs (Business 123) who undertake regular H & S Audits and have produced and update a COmphen$1ve Health & Safety Manual along with all relevant policies and procedures which are reviewed regularly. We have trained Health & Safety representatives who undertake and review Risk Assessments and undertake weekly. monthly and annual H & S check around the building. Business 123 make the church aware of and updato the policies and procedures as new legislation is introduced. Health & Safety is on the agenda of the Governan Trustees meeting and includes reports on any accidents, risk assessments. changes in legislation and any other Health & Safety Matters. Payroll and Human Resources Peplows Chartered Accountants undertake the payroll function in )nJunCtion with the Finance Team. Monthly reports are provided for the Chair of Finance Team. The Human Resources Function is outsourced to Peninsula Business Services (Bright HR). A full suite of bespoke policies and procedures are available on line to the HR team and also to Staff. A Staff Handbook which contains various policies, procedures and guidance is circulated to stsff for their information. Regular reviews are undertaken by Bright HR in fX)njunction wilh the HR Team and Bright HR infomi the church of any change in legislation etc. HR is an agenda item on the Governance Trustees meetings. Safeguarding of children. young adults and adults at risk The Church has a Safeguarding policy in pla which promotes the protection of Ghildren, young people and adults at risk through clearly defined processes and procedures. This policy gives clear guidance on how to maintain a safe environment for children, young people and adu at risk and for those who work with children, young people and adults at risk. including the procedure for reporting observations and allegations of abuse recorded by stsff and volunteers at UVBC. It closely follows the guidelines set by the SWBA and is regularly updated. UVBC'S Policy is overseen and implemented by a Designated Safeguarding Team. The aims are: Page 5 of io Uptonvale RIStered charty 1176425
To commil ourselves to the nurturing. protection and safeguarding of all children. young people and adults at risk associated with the church To follow up on any allegations of any nature which involves children, young people. andlor adults at risk. and those working with them, who are associated with UVBC. To keep clear records of any allegations or incidents involving children, young people andlor adults at risk. and those working with them. who are associated with UVBC. To ensure the safe recruitment, support and supeNision of all those who work with children, young people and adults at risk, both on a Sunday and at all midweek activities run by Upton Vale Baptist Church. The subject of Safeguarding is a standing item on the agenda of the Govemance and Joint Trustees Meetings. The Safeguarding Trustee reports on any issues. The Safeguarding Policy is reinforced to the whole church at the Annual General Meeting. The Safeguarding Policy is displayed in the foyer ofthe Church and (x)pies are available on request from the church offi(£. It can also be viewed on the Upon Vale Website. GDPR Upton Vale is compliant with the requirement of the GDPR Regulations. All the policies for privacy, employment, recruitment, contractors and storage and retention are available for viewing on a central database in the church office. The privacy policy for the church is available on the church website. An annual review of membership is carried out and this ensures that we have correct and up to date infomiation on members. We issue consent forms throughout the year when new members join or start to attend church regularly. Objectives. activities and achievements The principal purpose of the Church is the advancement of the Christian faith. particulady though not exclusively, through worship of God, making disciple5 of Jesus Christ. Our Purpose, Values and Vision are:_ Purpose: We aim to help people Joln the dots between who Jesus is and how we live. Values: Faithful expectancy, Bold Creativity and Authentic Humility Vision: A community of people changed by Jesus In orderto bring change to the World Page 6 of io Uptonvale Re9i5tered ctkryrity 11fv25
These objectives a achieved by [amongst other ways]: Regularly meeting together for public acts of worship and teaching Meeting in small groups in homes and other locations, for fellowship, teaching and mutual support Running groups and activities for children and young people Regularly running Alpha plus a wide range of other evangelistic activities and initiatives In addition to the above. the church seeks to serve the wider community through running CAP money management courses, B2gelher for adults who have addilional needs and a Bereavement Friendship Group which brings people together who have suffered the loss of loved ones for whalever reason. Engaging as a church in a number of social action activities in the community by supporting financially and with volunteers giving time to various organisations Allowing our buildings to be used for a wide range of community groups Underlying all that we do, in our lives as individuals. in our SMalr groups and in our larger gatherings. we seek to live out our God given purpose and we seek to encourage the development of the following:" Worship SeNing Fellowship Discipleship Outreach Social Action The Trustees are aware of the Charity Commission's guidance on Public Benefit when running a charity and have regard for it in their administration of the Church as illustrated by the pursuit of lis objectives set out in this report. The Trustees believe that. by fuffilling their responsibility to work together in Torquay and Cowoperate in all matters of concem and importance for the whole mission of th8 Church. pastoral. evangelistic, social and ecumeni1, it provides a benefit to the public by.. Providing resources and facilities for public worship, pastoral c2re and spiritual, moral and intellectual developments. both for its members and anyone who wishes to benefit from what the chUh offers: Promoting Christian values, and service by members of the church in Torquay and beyond, to the benefit of individuals and society as a whole. The Church may also carry out other charitable purposes in the UK and other parts of the world. Page 7 of io Uptonvale Registered clwily U76425
The year under review 2024 was a challenging but blessed time for Upton Vale. We were without a Senior Minister and Associate Minsterduring 2023 and part of 2024. We were blessed by having many visiting speakers on Sunday and our Trustees and staff worked very hard to ensure that the church operated as normal. We give thanks to the Trustees and staff and also the large number of volunteers who have helped through this time. As a result of the deparbjre of two ministers, in 2023 a Search Committee was appointed to undertake the search for a new Senior Pastor. The Search Committee was made up of Trustees and members and reflected the age range of the church family. This Search Committee invited a minister to come and meet the Search Committee and the church early in 2024. As a result of this visit, the church membership unanimously invited Mr. Simon Clay to be the Senior Minister of Upton Vale. It was with great joy we welcomed Simon Clay and his family lo our Church in July 2024 with his formal induction taking place in September 2024. In December 2024, we were sad to lose Emily Twgg, Emerging Generations Team Leader who was obedient to the call of God to lead a Church in a nearby town. We were very grateful to Emily for all her hard work during 2024. During 2024, our Sunday Services were our main acts of public worship and teaching. We continued to stream our Sunday services using YouTube which met the needs of vulnerable people and those who are unable to physically attend. We worked hard to ensure that we are compliant with the law as well as being sensitive to the needs ofthe congregation. Small groups conlinued to meet regularfy for teaching. prayer, fellowship and mutual support. The Church Members Meeting. where the business of the church is handled can be joined by people by using Zoom but they are unable to vote on any matters of business. Our prayer meetings during the week and on some Sunday evenings have continued using Zoom and by meeting together in person and we have good attendance at all these meetings. Our new Senior Minister introduced Sunday evening meetings and these have been very successful. Because of tt)e generosity of people within the church, we have been able to help people within the church and in the local community through the Pastoral Fund by providing food parcels and vouchers, help with household bills and olher general financial help. Gifts of flowers, cakes, fruit etc. are given to people in the church who have suffered the loss of a loved one, who are undergoing medical treatmenl and for encouragement if people are going through drficult times. The Christmas Present bags and Easter gifts gave such pleasure to those who were unable to attend church for various reasons. Page 8 ofio Uptonvale Regi*ered th8rity ll75425
In addition to the financial help, memb&rs of the church have bean involved in working with the local Food Alliance helping in the local food banks, delivery of food to people who are unable to get out, helping with shopping. delivering school meals to families. collecting prescriptions and taking people to hospital and Doctors. appointmants. As well as this the Pastoral Team keep in regular contact by telephone and visiting vulnerable and people who are not well. We invest resources in the youth and children's work on a Sunday and during the week by employing one full time Youth and Children's Pastor and a Youth and Children's Assistant along with numerous volunteers to work in this area. The children and youth attended regional events such as SPREE and the Gathering where they met with other children and young people in the region. We run a Mum and Tors Bible Studygroupwhich is working well. The Wednesday Night Youth and Navigate attract lots of children who do not have a church background. Youth Bible Study groups which take place once a month are well attended and supported with homemade cakes from people within the church. We ran two Alpha Courses in 2024 and both of these were very well attended and resulted in a number of people committing their lives to Christ and being baptized. We continued to partner with other churches in Torbay both financially and with volunteers on various communty projects. We seek to give 12Q/o of ourannual giving to various missions and good causes at home and abroad. Closer to home we support financially and in other ways the BMS World Mission, Baptists Together, LINX Christian Youth Trust and the Acom Education Centre which opened in February 2022 and runs within our church building. During 2024. 4 people were baptized and we had the joy and pleasure of welcoming eleven people into chLtrch membership. Three of our members passed away during the year and four members resigned for various reasons. Our membership at the end of 2024 stood at 330. Use of Technology Upton Vale continues the development of technology to allow for more efficiency for both staff and volunteers. This development will continue during 2025 Flnancial Review As a result of the appointment of Rev Simon Clay, the church bought a manse suitable for the Clay family, the existing manse not being suitable for a young family. In order Page g of io Uptonvale RegLstered thanty 1176425
to PLJrchase the new manse, 17 members generously loaned money to the church for up to two years at a zero interest rate, raising £100k in order to enable the church to purchase Ihe manse. the balance being raised from reserves. The existing manse is CUrrenY for sale. and subj8ct to market conditions, will bè sold within the next year. The church has a Reserves Policy which would cover staff salaries for three months should the church cease to exist. This policy is reviewed annually in the budget preparation so varies each year but this Ixjrrently stands at £66.250. We have no concems that the church will ase to exist in its current fomi. The charity appointed Peplows Chartered Accountants as indep&ndent examiner5 for the year under review. In 2024 we had a deficit on our General Fund of £24,011 o)mpared with a surplus of £46.708 in 2023. The church has set a modest deficit budget for 2025, the trustees having agreed to cover any resulting shorttall in operating income from reserves. As trustees we Consider the financial records to be in good order. We draw up an annual budget which is ratified by the members at the AGM. The financial function is delegated to a Finan Tearn. We measure performance against budget and reconcÈle the main bank account on a monthly basis in acLordan(* wtth our Risk Assessment Policy, which is approved by the Trustees on a monthly basis. No Funds are materially in deficit. Signed Alexander Kittow (Chair of Trustees) Signed Date ..aS:.7...&S.. Kathryn Famum (Chair of Governance Trustees). Page io ofio Uptonvale RJ1Ster9¢l charity ll7
Upton Vale Baptlst (hur¢h Independent Examinerf5 Report To TheTru51ees of UP Vale Bapltst Churth Year Ended 31 Dmber 2024 l Teport to the tnJstees on my examination of the accounts of Upton Vale Baptlstchurch forthe year ended 31 December 2024 which a sei our on page5 2 to 24. Re5pgnslbllttles and basls of report As the Charity trustees you are responsible for the preparation of the accounts in accordance with the requlrements of the Charitles Act 20111'the Aet'l. I report in respert of my examination of the Chartty's accou¥ tarried out under5ection 145 of the 2011 Act and in carying out rny examinatton I have followed all the applicable DireLttons en bythe Charity Cornrnis5ion undersection 14515llbl of the ALt. Independent examlnees Statement Since the CIO'5 gross income exeded £250.COJ your examinermust be a member of a body listed In section 145 of the 2011 Act I confimi that l èm qualtfied to undertake the examination because l am a member of the Institute of Chartered Accountsnts in England and Wales. whith 15 one of the listed bodies. I have completed my examination. I confirm that no material rnatters have come to my attention In connertion with the examination wving me cause to believe that in any material respect.. l accounting records were not kept in respert of the Charity as reoulred by section 130 01 the 2 the accounts do not accord with those records,. or 3 the accounts do not comptywith the applicable requirements concemingthe forni and content of accounts set out in the Charities (Accounts and Report51 Regulations 2CY)8 other than any requirement that the accounts give a'true and fairview. which is not a matter consldered as part of an Irbdependent examÈnation. I have no concems and have come across no other matter5 in connection wrth the examinatior to which attention should be drawn in this report in orderto enable a proper under5tsndin8 of the accounts to be reached. Michael YounB BSC FCA Peplows Limited Moorgate House, King Street Newton Abbot, TQ12 2LG 28th July 2025
Upton Vale Baptlst Church Statement tsf Financial Artivities lincorp¢r4tlng income and expenditure ac¢ountl Year Ended 31 December 2024 Unre5cled Restrirted Erwjovment Funds Funds Fut Total Total 2023 INCOME= Donatsons and Legatles Offerings Donations, other Irome inc GA lax Incornefrom Charitable Artl¥itl*s 4,087 302.987 4,087 302,987 10,150 283,001 12.49) 46,129 58.619 65.161 Children and Youth Hire of Premise5 Other income Income from ImiÈstments Interest receivable Total 1,801 39.318 37.178 L839 37.178 1,839 4.116 362.697 4.116 408.826 3.189 402,620 46.129 EXPENDITURE ON: Charltsble Activities Staff payrtsll Staff expenses Donations made TLG School Outreach Children Services and worship Discipleship Community YoL¢th accounts Prernises Office expenses Refurbishment costs Depreciation Governance C¢)sts Other 178,1(Y) 18.705 178,109 18.705 74,817 232 10.386 143,268 12,615 81.340 146 5.135 40,817 232 10.386 3,3 3,390 1.086 645 2,943 87.932 7.053 23.577 14,597 2.796 2.654 3,583 1,643 713 4.958 41,867 17.131 18.000 11,068 2,9(K> 3,422 645 2,943 87.932 7.053 23.577 14,597 2,796 1654 Total 389.709 40.817 430.526 348,795 Net incomellexpendrturel 127,0121 5.312 121,7001 53,825 Transfers between funds Totsl funds at31 Dernber 2023 639,441 23.442 636,812 1.299.695 1,245,870 Total funds at31 Deomber 2024 612.429 28,754 636.812 1.277.995 1.299.695
Upton Vale Baptlst Churth Balan Sheet 31 December 1024 Note 2024 2023 Fkned assets Tangible a5set5 1,277,(K)3 906,600 1,277.003 906.600 Current 355ets Debtors Cash at bank and In hand 7.276 388,229 103,402 103.402 39S.505 Current Ilabllitles Creditors.. amounts falllnz due within one year 12,4101 Net current assets l(KJ,992 393.095 Non current liabilities Credltors- amounts falling due overone year Net assets 1,277,995 1,299,695 Funds Unrestricted income funds Restricted funds Endowment funds 612.429 28,754 636,812 639,441 23.442 636,812 io io Toial funds 1.277.995 1.299.695 Approved bythe Board of Trustees on 28th July 2025 and signed on its beha]f by: Richard Thorpe (Finance Trustee) Alexander Klttow Ichair of Trustees) 14
Upton Vale 8aptist Churth Notss tothe Hnancial Statements Year endèd 31 D¢mber 2024 Accounting Policies General information Upton Vale Baptist Church is 3 Ch8Yitable IncorKKJratedOrEanisatioTh with its Constitution belngthe govemir4 dMent. TheCIO was reystered on 21 Dmber 2017. The charity is registered in Englandand Wales 4nd details of the r¥stered Offi can befound in the reference and administratNe settKn ofthe trustees. retrt)rL Thecharity meetsthe defin"0n of a publicbenefft entity undet FRSIO2. The functional and preseniational currencyof Upton Vale Baptist Churth ts considered to be pounds stefling because it isthe currenryof the primary 2conom¢cenvironment in which the charity operates. The atcountsare roundedto full pwnd sterfing. b) Basls ol preparatlon Thefinancial statements have beEn prepared in accordan with'Accountin8 and Reportin8 by (hartties.. Statementof Recommended PraCU. app[irae to chattties preparing their accovnts in accordance wkththe Charities SORP IFRS1021 the Flnanc5al RekKrtinB Standard applitable in the UK and Republicof Ireland IFR51021. Assets and liabilittes are initially recognised at hi5toriol tostortransactioThvalue unlessotherwise stated in the relewant acwunting pdiry noies. Thefinanaal statements have been prepared on a 80in8 concern ba&s and theTrvstees are not aware of anymaterial uncertainties that would cast doubt onthe charitV5 abilityto continue asagoingcorKem. Please refertothe Trustees, Rep)rt on page 6for moredetailsofthe ImlrIOn5 of the tiwid-19 pandemicon thegoing corKern statusof the charty. Fund atcountlng Unrestricted fund5 are a¥allablelor use atthedwetson of thetrurtets in fvrtheraTh of the general objectivesof thethurth. Desi8nated fvnds are unrestricted fund5earrnarked bythetru5tee5 forp¥bcularpurFx)se5. Restricted funds are subject to re5trirtion5 ontheirexpenditrjre imposed bythedonororthrough the terms of an appeal. An endowment lund is a rtd wherethe3ssets musibe hdd perTInentty bythechurth. dl fixed assets Fumiiure and equipment in thechurch prEmi5e5wastransferred fromtheold charityto the ao on lJanu3ry 2018 ai thrne1 bookvalueai that date. Subsequent add0S are Included at cosL Indiwdual itemsof equlpmem wlth a purthase wiceof £l.fJJ) or less arewrftten off when the asset Is acqulred. DEpredatlo Depreciation has not been thar8ed on thethurch premises. See"criti(al e5timotes' bdowfor further thtail5.
Upton Vale Baptlst Churth Notes to the Finan¢ial Ststements Year ended 31 Dember 2024 Accounting Pdiaes Icontinuedl Fixed a55ets Icontinuedl Depreciation on othÈr fixed assets is caloJlatÈd towriieoff the tostlbookvalue on a straight Ilne basis ¢wertheirexpected usefiJl life. as thefc4lowtne rates= Freehold propÈrty Fixtures & fittings IT & technical equipThnt Church notdepreciaied and her property 2% strai8ht Ilne 20% straight line 33% straight line Inve5tmtnt assets Investments arestatedat market value atthe balarKesheetdate. Income IrNestment Income is induded in the finanoal staterrErts in theyear for¥thith it 15 receNabl2. Donatlonsand are accountedforEr055when rettwed. For le2acies. entitlement is tsken as the eadier ofthe date on which either-the charity 15 awareth4t probate ha5 bEen grantsd. the estste has been finalised and notification has been made by the executorsto the charty thata distribUtn wll be made, orwhen a dt5tribytion 15 received frorn the estate. Where sa[e5 have bpen aotifiedto the charity. orthp tharity is aware of thegrantin8of probate. and the thterla for income reco8nition have noi been meL then the legacy is a treated a5 a contlngent assetand dtsc105ed rfmaterial. Other income recognised in the perk)d in which it is rettNable and to the Extent the8i¥ods have been prowded ar on coMttl0n ofthe servio. l)onatsons Payable Denations are made to Othwvrganlsationsd IT¥¥1a1$yth0¥e tharItsb objects tomplement the work of the churth.These are aLuTrunted forwhÈn paid. hl Expendlture l Èxpenditure Is accounted foron an accruals bèsls and hasbeen induded under exper)5e categorie5 th3t a88regate all (x)sts forallocation to activibes. Raiyngfundsthese are costs Incurred bythe church In relationto the management of the Investments. Charitable actiitie5 areu>5ts incurred bythechwth in the delNeryof its l¥le5 and ser51r its benefici4rie5. Governan ¢osts These are costs related t0thegovernar0fthethUrth. Muchofthe rnanageffnt 1$ carripd out by volunteer5. at no cost. Govefnante a150 indudes thetosts&%sociated the thurch meetln81ts consiitutional and statutory requirements. Crltlcal accountlngludgements and 50urcesof key e5tlrnatlon uncèrtalnty In theapplilztion of the charitysttrcountingpolicie5.whith are debed èbove. the trustees are Tequired to makeludgements. estimates and assumptlons atsOthe carryingamounts of assets and Ilabllltiesthat are not re3dily apparentfrom other sources.The e5timate5 ané a55uciated assumptions arÈ basÈd on historical Èxperiente and otherfattors thatare conslderedto be relevanL Actual resuks may differfromtheseestimates. 16
Upton Vale Baptist thurth Notes to the Finanaal Statements Year ended 31 Dmber 2024 Accourrtin8 Policies {¢ontlnuedl Critical accountin¢ludEements and source5 of key esbrnztlon untertainty Icontlnuedl The estimate5 and undethn83SSUrnPtions3re revi+ on an ongoing ba5. Revisions $0 accountlng estimate5 are recogni5ed in the period in whith the eAimate is revised if the revision affects only that period. or Sn ihe period of the reOn arKI future periods rfthe revision affects both current and future periods.ThE folloviin8are the critical judgements and estiffthtes that the trustee5 have made in the process of apwrythe chority'5 accounting policie5 and that have the most si£nifitsnt effect on theamunts rÈcoffjised IAthe finala1 statemerts. Criticoljudgernents - Key management personnel comwi5e5thEtrustee5. Criknral estimates - No depreciation is provided orb church prrni. asthè trustees conslderthatthe residual value of the premises atthe end of iheir useful lrfe is sh that prlatM would be immaterial. The charity has a policyand prartice of re8Utarrnaintenance and repairsuch that theseassets are kept totheir previou5ty a55es5ed standard ol performat)tr. and the premises are vnliketyto Suffer from economlt ortechnoloEiral ob501e5cerKe. A5 a re5ultthe u5elul economic Ilte of these premi5u zre expected to be very lonR. 17
Upton Valè Bapilstchurth Notes tothe FFnancial Statements Year ended 31 Oetember 2024 Go¥emance costs Total Totsl 2023 Unrestricted Restricted Independent examination Accountancy 1.420 1.376 1.420 1,376 1.420 2,796 2,796 All of the 2024 & 2023 gOVeran costswere unrestritted. Stsff costs and emoluments 2024 2023 Wage5. salaTies and soaal securtty costs Pension c05t5 157,581 20,528 12L740 20.S28 178,109 143,268 Average nurnber of employees In period Ministerial staff Administrative staff No employee12023.. None) was remunerated abovethe rate of £fA},c per annum. Tangible fixed assets Freehold Hxtures & thurth Propertv Flttlngs teth equlp Totsl Cost Ivaluatlon At l January 2024 Additions 636.812 298,741 385,(MX) 13,258 52,742 I,(XJl,553 385.ofM) At 31 December 2024 636.812 683.741 13.258 52,742 1,386.553 Depreuatlon At l January 2024 Charge for period 29.875 13.675 12,465 793 52.613 129 94.953 14.597 At 31 Decernber 2024 43,550 13,258 52,742 109,550 Net book Value At 31 December 2024 636.812 640.191 I,277,3 At 31 Decernber 2023 636,812 268,866 793 129 906,600
Upton Vale Baptist Church Nvtestothe fin8n¢ial Ststements Yearended 31 De¢ember 2014 Debtors 2024 2023 Trade debtors Accrued irbcome 7.276 7.276 ank and cash 2024 2023 CAF Ltoyd5 T58 Kingdom Savir Boys Brigade Baptist Union Baptist Union corporation Office petty cash 83,354 11,097 256 108,404 98.044 86.686 8,410 94.805 103,402 388,223 Creditor5.' arnount falllngdue wlthln and over year 2024 2023 Due wlthin oneyear Creditors and aceruals 2,410 2,410 Dut o¥er one year Members loans 100.oc¥) 102.410 2,410 rruslee< remuneration arKI related p•rtyts3nsattlons Durfngthe year, there was Or trustee whowa5 rernunerated bythetharityvthkh totalled £11.656 and £1,445 rdatingto pension12023-£Nill. DuringtheyeaT£77812023- £165.17) of eynseswre reimbursedtothe tW5tee. Fromjuly 2024arcommodation has bÈen prnded to Rev Simon Clay ty Upton Vale B4pti5tChurch. Durin¥theyear, the church paid a nominal contritxjtion of £10 l£1 per monthl towards the 6aptlst Unlon Penslon kheme deficrL This scherne ha5 nce been up and thethurth hasTh) further liability. The Baptlst UnSon TrustCorForation UJrrtlY hold thetiUedeEds. as custodian trustee. of thechurch property and cottage (3fe w thetharitys behalf. Duringthe year. rn payment was made to the5)use or other relatNe of a trustee. 19
Vpton Vale Baptlst Church Notes to the Financial Statements Year ended 31 December 2024 Unrestrftted funds ofthe tharlty 31 D¢rnber 2024 January 2024 Income Expendlture Transfers Desi8naied fvnd$- Special project fund Youth account Hall Projett Fund Manse Fund 113.368 161 113,362 4,Q87 15,0871 114.368 4.081 15.0871 113.362 General fund5 525.073 358.616 1389.7091 5.087 499.067 639,441 362.697 1389,7091 612,429 Year Ended 310ecember2023 {Comparatlve figures 31 December 20241 Comparative inforniation in respect of the preceding period is as follows.. 31 January 2023 Inrome Expenditure Translers Decernber 2023 De5ignattd lurhd*' Special project fund Youth account Hall Project Fund Manse Fund 93,979 1,102 19,389 113,368 {1,1021 95.081 19,389 11021 114,368 General fvnds 497.652 339.165 1311,8461 102 525,073 592.733 358.554 1311.8461 639.441 20
Upton Vale Baptlst Churth Ntstes to the Financlal Statements Year ended 31 December 2024 Endowment and restricted funds 31 Income Expenditure Transfers December 2024 January 2024 Restrlcted funds: Pastoral fund Indlvidual support fund Mornout Mission 8udBet- Mold¢ Misc Restricted Gifts CAP Money Courses Boys Brigade Staff leaving grfts Transforming lives BMS wodd mission BMS relief fund- G2 Baptist Union Home MSsslon Jubilee Leadership Youth account Claire Bedford Ladies Ministry Ukraine Emergency Acom Warm space BFG- BFG Fund GNT RF- GNT Ctsntin8ency Fi Rework- Rework Fund Albania Fund 2.483 2,943 288 250 6,971 16.5631 2,891 2.943 12501 15,4551 6.570 2.659 520 S20 1.487 11,4871 L231 20 143 L433 11.2311 I)) 342 212 143 209 453 11.6421 14531 2,793 3.634 17371 5.690 653 122 916 653 11.2221 13,7211 3.025 18021 1029 220 2,069 111821 1.916 3.135 20 18,1XKJ 1119981 13.8041 8,137 276 23.442 46.129 140,8171 28,754 Endowment fund Church prernlses 636.812 636,812 6NJ,254 46.129 140.8171 665.566 Re5trf£ted fitnds arefund5e5trabli5hed ihe church to enae indwidua15to support specified causes. EjowrnetfUnd. Churth prembses The church premises are Shown at site value as at IjaThry 2018 whenthp asset was transferred from the old charity to theCIO. The proceeds, should thechurch beId. can Dnlybe used forerection. alteration. improvemenL enlargement, addition or pulling down and rebuilding oFthe existing premises or purchase ofotherprop¥ty which will be hEld in Baptist Union Trust Corkwation, as IK)Idingtrustee. 21
Upton Vale Baptlst Church Notes to the Finandal Statèments YÈar ended 31 De¢ember 2023 10 Endowment and re5trirted funds 31 Income E¥pendlture Transfers December 2023 January 2023 Re5tflrted funds: Pastoral fvnd Individual support fund Mornout Mission 8udget- Moldowd Misc Restricted Gifts CAP Money Courses Boys Brigade Staff leavin8 8tfts TransforniinE lives BMS world mission BMS relief fund- G2 Baptlst Unlon Home Mlssh)n Jubilee Leadership Youth account clai Bedford Ladies Ministry Ukraine Emergency Acom Warm space BFG- BFG Fund GNT RF- GNT Contingency FL Rework- Rework Fund Albania Fund 5.732 3,510 18.7951 12,2081 2.485 2.943 1.641 250 1,390 520 250 1.541 520 1,487 115291 25 1251 11381 11541 12.1421 445 159 35 342 1351 209 453 453 11,6(Bl 15771 370 179 653 57 179 1,097 3.)1 I1) 2,794 121 653 122 916 275 14.406 192 2.433 12101 113.6691 14871 2,069 2,(KJO 3.135 20 5,797 12.6621 12,3801 16.32S 44.066 136.9491 23,442 Endowmentfund Churth premise5 636.812 636,812 653.137 44.066 136,9491 660,254 Restritted funds are fiJtNJs established bythe church tOenat indNidu3ls to supportspecthed £ause5. Endowmentlund- thurchpremtses The chjrch premlses are shown atsitevalueas at lJanuary2018whEn thea55et wastransFerred from the old charity to the CIO. The proceeds. Should the churth be sold. on only be foren. alieration. Improvement. enlargement, addthon or pulling down and rebuilding of the e$rv premises or purchase of other proFerty whkh wlll be held In Baptlst UnlonTwst Corporation. as hold(n8trustee. 22
Notes to the Flnanclal Ststsments Year ended 31 December2024 11 Analysis of net assets between funds un$trItted Re5trirted ETKlowment Fund5 Funds Fund5 2024 Total Tangible assets Debtor5 Cash at bank and in hand Other current liabilsties Other non Current liabilities 640.191 636.812 1.277,003 74,648 12.4101 IILK),(XK)I 28.754 103.402 12,4101 IIOD,O(K)I 612.429 28,754 636.812 1,277,995 Year Ended 31 De¢ember2023 ICompar3tlvefi8ur*$ 31 De¢ember20241 Comparative information in respett of the preceding pericd is as follows: UnreStrfcd Restricted Éndowment Funds Funds Funds 2023 Total Tan8ible assets Debtors Cash at bank and In hand Other Current liabilities 269.788 7.276 364,787 12NIOI 636,812 906.600 7.276 388,229 12,4101 23,442 639.441 23.442 636.812 1,299,695 23