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 th￿r 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
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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
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Uptonvale
Register*J c￿tY 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
child￿n. 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
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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 servI￿s (Business
123) who undertake regular H & S Audits and have produced and update a
COmp￿hen$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:
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Uptonvale
R￿IStered 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
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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 SMal￿r 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 ecumeni￿1, 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 chU￿h 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.
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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.
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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
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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
CUrren￿Y 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).
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Uptonvale
R￿J1Ster9¢l charity ll7

Upton Vale Baptlst (hur¢h
Independent Examinerf5 Report To TheTru51ees of UP￿ Vale Bapltst Churth
Year Ended 31 D￿mber 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 ex￿eded £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
Unre5￿cled Restrirted Erwjovment
Funds
Funds
Fut
Total
Total
2023
INCOME=
Donatsons and Legatles
Offerings
Donations, other Ir￿ome 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 De￿rnber 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 d￿￿Ment. TheCIO was reystered on 21 D￿mber 2017.
The charity is registered in Englandand Wales 4nd details of the r¥stered Offi￿ can befound in
the reference and administratNe settK*n 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[ira￿e to chattties preparing their accovnts in
accordance wkththe Charities SORP IFRS1021 the Flnanc5al RekK*rtinB 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 Im￿lrI￿On5 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 perTI￿nentty bythechurth.
dl fixed assets
Fumiiure and equipment in thechurch prEmi5e5wastransferred fromtheold charityto the ao on
lJanu3ry 2018 ai th￿rne1 bookvalueai that date. Subsequent add￿0￿S 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 De￿mber 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 equipTh*nt
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 distribUt￿n 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 coM￿ttl0n ofthe servio.
l)onatsons Payable
Denations are made to Othwvrganlsations￿d IT￿¥¥￿1￿a1$yth0¥e tharItsb￿ objects tomplement
the work of the churth.These are aLuTrunted forwhÈn paid.
hl Expendlture
l Èxpenditure Is accounted foron an accruals bèsls and hasbeen induded under exper)5e
categorie5 th3t a88regate all (x)sts forallocation to activibes.
Raiyngfundsthese are costs Incurred bythe church In relationto the management of the
Investments.
Charitable acti*itie5 areu>5ts incurred bythechwth in the delNeryof its ￿l¥l￿e5 and ser￿￿51￿r
its benefici4rie5.
Governan￿ ¢osts
These are costs related t0thegovernar￿0fthethUrth. Muchofthe rnanageff￿nt 1$ 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 de￿bed èbove. the trustees are
Tequired to makeludgements. estimates and assumptlons atsO￿the 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 D￿mber 2024
Accourrtin8 Policies {¢ontlnuedl
Critical accountin¢ludEements and source5 of key esbrnztlon untertainty Icontlnuedl
The estimate5 and undethn83SSUrnPtions3re revi￿+￿ on an ongoing ba￿5. 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 re￿￿On 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 ap￿wrythe chority'5 accounting policie5 and that have the
most si£nifitsnt effect on theamunts rÈcoffjised IAthe fina￿la1 statemerts.
Criticoljudgernents
- Key management personnel comwi5e5thEtrustee5.
Criknral estimates
- No depreciation is provided orb church pr￿rni￿. asthè trustees conslderthatthe residual value
of the premises atthe end of iheir useful lrfe is s￿h that ￿pr￿lat￿M 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 eynsesw*re reimbursedtothe tW5tee.
Fromjuly 2024arcommodation has bÈen prn￿ded 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 UJrr￿tlY 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 ena￿e indwidua15to support specified causes.
E￿jowrne￿tfUnd. Churth prembses
The church premises are Shown at site value as at IjaTh￿ry 2018 whenthp asset was transferred from the
old charity to theCIO.
The proceeds, should thechurch be￿Id. 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
I￿1)
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 tOena￿t 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 fore￿￿n. 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:
UnreStrfc￿d 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