HEATH STREET BAPTIST CHURCH HAMPSTEAD 84 Heath Street, London, NW3 IDN 020 74310511 ewan klng@mac.com www.heathstreet.org Registered charEty number: 1178001 Report and Accounts for the year ending 31 December 2024 Minister: Revd Ewan J King Deacons: Annie Fang Gaynor Humphreys (Treasurer) Wilf Merttens (Secretary)
HEATH STREEf BAPTisf CHURCH ANNUAL REPORT AND ACCOUNTS 2024 Heath Street Baptist Church was established as a congregatlon in 1861 and its building dates from 1862. Governance arrangements were revlsed in a Charity Commission Scheme sealed on 25 October 1937 and until April 2018 it was an excepted charity. Since 18 Aprll 2018, the Church has been registered wlth the Charity Commission a5 a Charitable Incorporated Or8anisation. The congregation malntalns membership of the Baptist Union of Great Britain and the London Baptist Association. Administrative detalls Bankers C4F Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 41Q Independent Examlner Derek John Baker 51 Meadway Southgate London N14 6NJ Solicitor CarterLemon Camerons 20 King Street London EC2V 8EG Legal status Heath Street Baptist Church is a Charitable Incorporated Organisation whose constitution was last amended on 11 July 2021. Charlty Registratp)n Number 1178001 Church Safe8uardlng Offir Sarah Harper
HEATH sfREET BAPTIST CHURCH ANNUAL REPORT AND ACCOUNTS 2024 REPORT OF THE DEACONS Governance and management The church operates a5 0 Charftable Incorporated Organsation under the rules of rts CIO constitution. At the end of the year there were 33 members ol the church with no changes in the course of 2024. Quarterty church meetlngs are open to all interested people but on the relatively few occasions when votes I quired only members may vote. ObJertlves and artlvities The prlnclpal purpose of the CIO is: The advancement of the Chrlstlan fatth accordlnB to the prlnciples of the Baptist denomination. The church may a150 adv4nre education and cary out other charltable PLJrposes in the UK andlor other parts of the world. Public benefft Statement As a registered charty Heath Street Baptist Church, through its members and its Diaconate, is aware of the Charlty Commlsslon's guidance on public benefft, especlalty In the advancement of rellglon. Our servlces of worshlp are open to all. We see our building as a valuable resource to the local community and it 15 open for actlvity on most days of the year. The church premises are used, or hlred, by people of all faiths or none and by both secular and Christian organisations and groups. We provide activities and seNices direttty each week to local chlldren, from babies to young teenagers, and to homeless and vulnerable people. We also offer concerts Inormally fe entry) to the local community and support community choir. Pastoral care and support are offered to all. Flnanclal revlew The financial statements whlch follow show receipts and payments for 2024. investments and reserves balances at the year end and known liabilities for 2025. Flnanclal rlsks In 2021 we borrowed £500,000 for a ten-year perlod on a variable interest rate to secure the purchase of a manse for our Minister and his family. The interest rate change5 in line with the UK bank rate. We arè satbsfted that for 2025 we are on track both to repay capital Iplanned to reduce to zero after ten years) and interest on the remaining Sum. Several years ago the church made a short temi loan of £25.IXIO to support Mlsslon Houslng In the acquisition of a family home for John-Henry Baker and hls famlty withln reasonable reach of the church. Th loan wa5 termlnated during 2024 when an alternative source of sUPPOrt was found and the capital sum was returned to the church in full. Our reserve5 at the end of 2024 were £14.024 lowerthan at the prevlous year end, largely due to repalr and maintenance cornrnitments. Costs rise relentlessly. especially in running the buildin85 and keeping them In fair condition.. nonetheless our accounts show that we are reasonably confident of financial vlability forthe coming year. Our reserves polky Is outllned within the accounts whlch follow.
HEATH STREET BAPTIST CHURCH ANNUAL REPORT AND ACCOUNTS 2024 Secretarfs summary of maln activities and achievements in 2024 Heath Street Baptist Church is a welcomlng and Inclusive communlty in the heart of Hamp5tead. 2024 was a year marked by deepening discipleshlp and shared mission wilh other churches. along wrth more interfaith collaboration with other religious communities. Ouf spirited Sunday mornlng services remained the focal point of our collertlve worshlp, gathering our dlverse communlty together In fellowship and pralse. We also retumed to Zoom overthe Advent period. followin8 a new Advent Compline each evening tomplledi produced and printed by John-Henry Baker. and our childn'S Worker, Wilf Merttens. Underthe leadership of our Minister, Ewan KSn& worship services were enriched bythe talents of young people, v151ting musicians, the Heath Street Choir. a great many guest readers, and Visitin8 Pa¢her$ such as Charles Hampton, Christopher Southgate, Andrew Glennie from 5t AndW,$ Frognal, and Rev Claire Wilson. Ewan Kin<s pa¢hIn& which is such a draw and hiEhli6ht of church life at Heath Street, wa5 partlcularly rich this year, with a standout belng something of a flnale before Advent, a study of various biblical texts, Illumlnated by the seven Chronlcles of Narnla by CS Lewi5. Ewan led us in biblical reflertion wlth the help of those stories, so replete wilh theological concepts and scriptural alluslons. An excltln8 new ministry developed from a new connettion wrth our Anglican brothers and sisters at Emmanuel Church, West Hamp5tead. We started working with Revd Dr Catriona Laing, the Irelativelv newl Vlcar to put on Sunday evenlng Talzé servlces once a month, alternatlng the hostin8 duties between our two thurch buildings. Revd Laing leads the worshlp, and our own Ewan King the music. These servlces have a focus of youn8 people. and young people (from both tongregationsl have played the Instruments that accompany those gathereil as they sing the Taizé chants. Taiié 15 an ecumenical communlty run by an unusual hoty order comprtslng both Cathollcs and Protestants. The brotherhood has a ministry to the young, and thousands of young people a8ed 15-30 travel to France every year to stay with the communSty for a week of prayer, reflection, worship and Blble study. In October half term we Joined these pllgrlms, with church members WI Merttens and Frida King, along with Highgate URC Sunday School teacher Jessica Zhu, making their way to Talzé for a week's retreat. Ewan King participated in variou5 activf(les surrounding the unveiling of a plaque In Vlenna commernoratlng Arnold Koster, a German-born Baptlst pastor and one of the mosl promlnent Christlan volces of reslstante to National Socialism in the German-speaking world In the 1930s and 40$. Ewan lertured on Koster at Mollardgasse, one of Austria's oldest Baptist churches. An article about the commemoratlve events is on the Baptist Union's website at: htt www.ba tist.or .u Artitles 699157 Ba tist stor who.as Our interfaith work continued in varlous ways, for instance with our participation in the Mitzvah Day ollectlDn with Souih Hampstead Synagogue. Our Minister Ewan King ha5 been busy helpin8 to revive the Hampstead and Westmlnster branch of the Councll of Chr15tlan5 and Jews, and was elerted Co-chair with Rabbi Rose Prevezer. It Is earty sta8e5, but they hope to encourage different kinds of dialo8ue between congregation5. This was in additlon lo our contlnued partlclpatlon In the Churches Together In Hampstead organisation. Exciting news came when we found out that two church members who had to move away are retumlng: Zahra Safaryazdl and Emad Eisapour are both golng to be worklng wlth us, with Emad helping with our worshlp music offering and Zahra assisting with Sunday Club and other children's activities.
NEATH STREET BAPTisf CHURCH ANNUAL REPORT AND ACCOUNT5 2024 Thi5yearalso saw Lydla Bakeras an Asslstant Leader of Sunday Club. Lydia's year5 of experienceteaching dance to chlldren and young pec)ple have enrlched and expanded the learnlng and worshlp of the chlldren, Furthermore, her ski115 Hs a seamstress have seen her create some bespoke resourtes for the chlldren's activlties. Together, Wilf and Lydia have started exploring the 'Godly Plav pedagogy a5 a dlrertion of travel for Sunilay Club. We had varlous Items of happy news from members thls year, IncludlnR the blrth of All and Lella Ghasempourfs second child, the healthy and bright little Elisa Rose who came to us In the spring. Ewan has submitted a ph.D. thesls In the theology department at King's College. London. The Heath Street Choir was led this year by Laurence MorBan. known to the church as a sinBerfor some years already. Their concert on 22 November for St Cecilia's Day was a hlghllght, wf(h the Choir slnging Purcell's 'Welcome to all the pleasures, and a settlng of Paul Slmon'5 'Sound of sllence, by the Choir's
¢¢ompanist, Gus Tredwell.
Special thanks to those who regular volunteertime and effort at Heath Stet. Of course, to those who help out at Contad Club and keep it runninB every Sunday. To Robin Thorne, who continued to maintain and improve the webslte, addlng some very slgnlficant Improvements to functionaltty and desi8n and keeping it current. To Eleanor Patterson, who continued to edit our newsletterfromthe USA ToTheresa Thom, who sets up the Eucharist with care and diligence at communion services. And finally our Sunday momlng stewards. especlalty Annie Fang and her regular helpers Helni King and Penny Carnegle. Si8ned on behalf of the Church's Trustees Ewan fin& Minister Gaynor Humphreys, Treasurer Date 7/4/Lj Date
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the truste8sI members of 4ÉFrriv g I LECT giRPfi£ I Cttrv Re+P 3i 7eYf On accounts for the year ended Charity no {if any) 111fooI Set out on pages Iv I report to the trustees on my examination of the accounts of the above Charity {Ihe Tnjst.) for the year ended IIMMI Responslbllitles and As the charity tnjstees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ("the Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying oul my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5){b} of the Ad. I have completed my examination. I confimi that no material matters have come to my attention (other than that disclosed below ") in connectlon with the examination which gives me Cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with th8 accounting records I have no con¢erns and have Come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reachéd. . Please delete th& wonls in the brackets if they do not apply. Date: Independent examiner's statsment Signed: 2( Name: Relevant professlonal quallficatlonlsl or body Ilf any): f CA roFiC Address: s-l f1(ADrtY Nl<t IIJ IER October 2018
HEATH STREET BAPTIST CHURCH RECEIPTS AND PAYMENTS 2024 GENERAL CHURCH FUND RECEIPTS Weekly offerlngs, standing orders, Gift Ald refunds Space hire: community 8roups & musicians School rent for'rear rooms (Note 11 School'5 hall hire Scammell Fund income (Note 21 J Harvey Memorial Fund COIF Charity Deposlt Fund interest Bank interest Insurance claims Church events Total ordlnary receipts 2024 2023 18,088 13,845 27,092 51,356 14.374 9.947 51,578 47,406 255 13 5,640 43 19.495 13 5.747 42 2,902 119,352 148,752 Payments Minister's stipend and on-costs Manse running costs Relief ministers, expenses Music ministry Children's mlnlstry Caretaking Sunday music Church running c05t5 Iheat, light, cleaning, etcl Church communications Itel., IT, publicity, etcl Church subscriptions & donation5 Church events Miscellaneous items Insurance refunds paid out Governance Bank charges Totsl ordinary zeneral payments 33,216 6,127 748 17,643 9,424 9,374 6.402 15,653 5.624 389 5.591 419 30,359 5,556 15,995 7,410 7.970 5,885 12,725 5,351 382 5.618 337 19,495 290 418 111,087 118,115 Net at 31 December 2024 8,266 30.637 Note l An adjustment was made durin8 2023 to reallocate General Church income shown in 2022 as part of the Property Fund. Income from letting rooms at the rear of the Church basement is now identified as contributing to the Church'5 General Fund, while income from letting the adjacent building, 84A Heath Street, 15 allocated to the Property Fund. 2023 figures include both a correct allocation for 2023 and an adjustment for 2022. The 2024 figure for'rear rooms. is an accurate allocatlon of money recelved for this purpose in the year. Note 2 Scammell Ministerial Endowment Is held in trust by London Baptist Property Board. At 31 December 2024 its value was £4,388131 Dec 2023, £4,276). Income is given to Heath Street for Minister's expen5e5
HEATH STrEET BAPTIST CHURCH RECEIPTS AND PAYMENTS 2024 PROPERTY FUND 2024 2023 RecelptS Rent income (Note 11 Stonework project.. donations incl Glft Ald Stonework project.. grants received COIF Charlty Deposit Fund interest London Bèptist Property Board interest Refund of School insurance premium Insurance claim Total receipts 135,818 75 119,164 1,569 4,396 7.235 1,585 2.684 1,990 8,591 1,751 2,779 Payments Repairs to Church Stonework project incl professional fee5 Repairs to school building School Walkway refurbishment Manse repairs Manse loan repayments (note 21 Insurance Ichurch, manse and schooll Insurance refund paid out Other legal and professional fees Total payments 20,355 16,332 6,019 18,IX16 1,047 30,117 11,150 99,042 11,183 1,847 102,990 10,931 1,990 172,894 158,114 Net at 31 December -23,881 -19,490 Note I See Note l on previous page. Note 2 In bcTrth years, the toial for loan repayments repsents four quarters of capital and loan repayments plus an addltlonal payment of £25,OCX] from the capital surn owed The loan of £500.000 from the London Baptist Property Board wa5 arranged in 2022 to be repaid in full over ten years SPECIAL FUNDS & COLLECTIONS 2024 blf Income Expendltuie Balance Heath Street Refugee Support (Note 31 Raising funds to support local families Contact Club INote 4} Funds held Church concerts {Sunday sundown) Donations and Glft Ald received Baroquesto<k (Note 51 Funds ra15ed and used for Baroquestock events Church events for external cause5 Medical Aid for Palestinians Martin Renshaw.. Pipe up for Plpe Organs Refugee Action Hampstead Communlty Cholr Proceed5 of St Cecilia's Day concerts 5,279 2,803 2,476 967 49 1,016 -740 7,747 5.252 1,755 1.813 1,813 i(Ki 183 181 loo 183 181 350 80 270 Grand total 5,506 10,423 10,411 5.518 Note 3 This Fund was Èstabllshed to support refugee families known to the Church. Donatlons were made by members of the congregation and other friends of the Church. Note 4 Thi5 project offers food and frièndship for homeless and vulnerable people every Sunday evèning through volunteers from this Church, St Mary's RC Church and others. Note S These fi8ures rePSent contributions towards Baroque5tock events from grantmakers or donors who prefer to donate throu8h the Church.
HEATH sfREEf BAPTisf CHURCH RECEIPTS AND PAYMENTS 2024 STATEMENT OF ASSETS AND LIABILITIES AT 31 DECEMBER 2024 2024 2023 Bank balance at year end Short term deposits London Baptlst Property Board COIF Charities Deposit Fund income fund COIF Charities Deposlt Fund property fund Investments COIF CharStles Investment Fund income unlts ljames Harvey Memorial Fund) COIF Charities Investment Fund income units Iproperty account) (Note 11 Loan to Mission Housing (Note 21 TOTAL 7,351 24,706 43,798 131,500 110,500 42.047 116,500 100,500 494 71,027 69.458 25,C 378,693 364,669 REPRESENTING BALANCES ON THE FOLLOWING ACCOUNTS General account Property account James Harvey Memorial Fund Special account 76,832 281,826 494 5.518 364,669 68,566 304,137 483 5,506 378,693 Note l There was an increase in capital value of £1.569 on this Fund in the course of the year, a5 advised by CCLA and this 55 reflected above In the Property acrount. Note 2 The surn of £25,000 wa5 lent In 2021 to Mission Housing la Re8lStered Society undef the co.operative and Communlty Benefit Society's Act 20141 to assist with the purchase of housing for John-Henry Baker and hls famlly. The loan was repald In full to the Church durin8 2024. LIABILlEs As noted on the previous page in Note 2, Heath Street Baptist Church undertook a ten-year loan in 2021 to assist wlth the purchase of our new manse. The loan was £500.CQO and at the end of 2024 the balance owed was £313.504 lat end of 2023, £390.2141. At the year end the interest rate was 6% Ifrom 2.85% at the start of the loan in 20211. Our buildings are held in trust by the London Baptist Property Board. The Church bullding is insured for £8,888,320 and the adIant building for £1,245,540. The manse was purchased in 2021 for £1,646,500. School walkway project: provision was made made In 2024 for work on the south side of the Church building where a walkway providing access to the school building has been the subject of repair for safety and to avoid further deterioration. This work requires completion in the summer holiday of 2025 and there is provision for this in designated reserves.
HEATH sfREET BAPTIST CHURCII RECEIPTS AND PAYMENTS 2024 RESERVES UNRESTRicfED FUNDS The Deacons believe that a prudent level of unrestrirted reseNe should be set at slx months of normal runnin8 Costs, held in the General Church Fund. For 2025 we estlmate this at approximately £60,000. RESTRICTED FUNDS At the end of 2024 the balances held as restricted fund5 were as follows: Where held 10.c(IO Property Fund 920 General Fund 2.476 Special Funds & Collections 1,016 Special Funds & Collectlons 494 General Fund 14.906 l Lift and Access Fund 2 Organ Fund 3 Refugee Welfare Fund 4 Contact Club 5 Jame5 Harvey Memorial Fund TOTAL DESIGNATED FUND5 At the end of 2024 the balances held as designated funds were as follows: Where held 750 General Church Fund 1.755 Special Funds & Collections 270 Special Funds & Collections 50.000 Property Fund 10.000 Property Fund 7,500 Property Fund 70,LTrJO Property Fund O Property Fund 44,CQO Property Fund 105,000 Property Fund 289,275 I Worshlp music mlsslon (Note 11 2 Church concerts 3 Heath Street Choir 3 Cyclical maintenance, Church 4 Cyclical maintenance, S¢hooS 5 Cyclical maintenance, Manse 6 Extraordinary repair fund lalll 7 Provision for stonework repair 8 Expected School walkway work 9 Manse loan repayment120251 TOTAL Note l.. a new fund esiablished in late 2024 to support music at worship services on Sundays