A Barnwell Ilhft Baptist Church Loving God . Loving People Barnwell Ba tist Church CIO Trustees, Re ort and Accounts For the Year Ended 31 st December 2024 Registered Charity Number: 1178568 Barnwell Baplist Church CIO Accounts for the year ended 31 st December 2024 Conlents and Charity Information Contents Pa Report of the Trustees Independent Examiner's Report Statement of Financial Activities General Fund 4t07 Marleigh Fund 8and9 Tithe Fund 10and11 Manse Fund 12 Pastoral Fund 13 Golden Years Fund 14 Balance Sheet 15 Notes to the Accounts 16to19 Trustees David Stephen Charnock-Jones Catrin Horrex Daniel Horrex Terri-Lee Lewis Rev Stuart Wood Address Barnwell Baptist Church Howard Road Cambridge CB5 8QS Contact Rev Stuart Wood Minister Barnwell Baptist Church CIO Page 1 Accounts for the Year Ended 31st December 2024 Report of the Trustees The trustees present their annual report and the accounts for the year ended 31 st December 2024. Objects and Activities As reported in 2024, we completed the purchase of a Manse for the Minister at Marleigh. Catrin Horrex and her family have settled into the Manse and are developing the opportunities to serve the growing community there. Catrin completed her ministerial training and started as full-time Minister at Marleigh in September 2024. This is another step of faith by the Church. We have been successful in grant applications to aid financing this appointment and we are planning to apply for further grants to support this. We have continued to meet as one congregation at Howard Road during the year. However, during 2024 we have run more activities in Marleigh and towards the end of the year the new congregation began to meet regularly. During 2024, we have continued to serve both the Howard Road and Marleigh communities through activities and groups in the Church and within the community itself. We have made some progress with plans for the Church site but this is a slow process. Our overarching aim remains to encourage discipleship within the Church and reach those in the area with the Gospel. Despite the challenges, we have much to give thanks for and continue to trust that in 2025 God will meet all our needs as He leads us in His ways. Trustees Terri-Lee Lewis was appointed as a Trustee on 24th November 2024. This report was approved by the board of trustees on 6th May 2025 and signed on their behalf. David Stephen CharnockJones Trustee Barnwell Baptist Church CIO Page 2 Accounts for the year ended 31sl December 2024 Independent Examiner's Report To the Trustees of Barnwell Baptist Church CIO I report to the trustees on my examination of the accounts of the charity for the year ended 31 st December 2024. Responsibilities and Basis of Report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Acts 2011 ('the Act"). I report in respect of my examination of your charity's accounts carried out under section 145 of the Act, and in carrying out my examination I have followed 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: the accounting records were not kept in respect of the charity as required by section 130 of the Act. or the accounts do not accord with those records I have no concerns and have come across no other matters in connection with the examination to which attention should be brought in this report in order to enable a proper understanding of the accounts to be reached. Geoff Mann Geoff Mann Limited Dee House Highworth Avenue Cambridge CB42BQ Barnwell Bapllst Church CIO Page 3 Slalemeni of Flnancial Acllvltles For the year ended 31 December 2024 2024 2023 Unrestricted Reslrlcted Funds Funds Total Unrestricted Restricled Tolal Pages Funds Funds Funds Funds Incomin Resources General Fund Designated Fund {Marleigh) Tithe Fund Mans8 Fund Pastoral Fund Golden Years 4t07 93,279 £ 67,340 £ 10,792 £ 93,279 67,340 10.792 81,121 £ £ 81,121 41,196 £ £ 41,196 8,222 £ £ 8.222 132.039 £ 185,412 £317,451 1,547 £ 1,547 182 £ 182 8and9 10and11 12 13 500 £ 104 £ 500 104 14 Tolal In min Resour 172.014 £ 172,014 264,307 £ 185,412 £449,719 Resouces Ex General Fund D8signaled Fund Marleigh Tithe Fund 4t07 8and9 89,076 £ 57.736 £ 8,819 £ 89.076 57,736 8.819 78,010 £ 44,638 £ 6,896 £ 163.345 £ 2.621 £ 448 £ £ 78,010 £ 44,638 £ 6,896 £ 163,345 £ 2,621 448 10and11 12 Manse Fund Pastoral Fund Golden Years 13 113 £ 113 14 977 £ 977 Total Resources Ex ended 156,720 £ 156,720 295.958 £ £ 295,958 Nel Movemenl in Funds 15,295 £ 15,295 31,651 £ 185,412 £153,761 Fund Balances Tolal Funds Brought Forward 22.185 £ 185,412 £ 207,597 53,836 £ £ 53,836 Tolal Funds Carrled Forward 37,480 £ 185,412 £ 222,892 22,185 £ 185,412 £207,597 Barnwell Baptist Church CIO Page 4 General Fund Summary For the Year Ended 31 sl December 2024 Note 2024 2023 Income Regular Giving 43,118 50,659 Income Tax Recovered 16,558 12,686 Donatlons 22,364 6,698 Regular Lettlngs Casual Lettings 6,880 3,855 7,945 2,695 Total Rental Income 10,735 10,640 Other Income Bank Interest 499 439 Total Other Income 505 439 Total Income 93,279 81,121 endltur Ministry 1,236 897 Minister 34,849 32,708 Housing 17,319 16,366 Premises 15,941 9,458 Office Costs 2,748 3,007 Servlces & Activities 4,289 4.126 Outreach 970 2,283 Missions 9,747 7,748 Other Expenditure 1,977 1,419 Total Ex enditure 89,076 78,010 Total Income less Ex endlture 4,203 3,111 Barnwell Baptist Church CIO Page S General Fund Analysis For the Year Ended 31st December 2024 Note 2024 2023 Incom Regular Lettings.. . Office Rents.. _ MAC Hope into Action Weekly Lettlngs 1,200 4,020 1,660 1.100 4,020 2,825 6,880 7,945 endlture Ministry.. . Visiting Speakers Musicians Mi nister-in-Training (Travel) 798 363 75 642 255 1,236 897 Minister." _ Salary Pension Travelling Expenses Mobile Phone Conferences CMD Resources & Other Expenses 28,577 3,631 1,122 705 26,422 3,375 914 192 660 1,000 270 400 145 34,849 32,708 Houslng: . Loan Repayments Council Tax Water Rates Buildings Insurance Repairs & Mainienance 13,156 2.734 515 591 12,264 2,585 628 537 352 323 17,319 16,366 Baptist Church CIO Page 6 General Fund Analysls For the Year Ended 31 st December 2024 Note 2024 2023 Premises.- _ Repairs & Maintenance Service Contracts 3,740 429 395 Total Repairs & Maintenance 4,170 395 Electricity Gas 2,113 3,587 1,717 2,095 Total Lighting & Heating 5,700 3,813 Insurance Water Cleaning Gardening & Caretaking 1,434 506 2.875 1,257 1,378 338 2,383 1,151 15,941 9,458 Offlce Costs.. . Office Equipment Telephone & Internel Web Site Stationery Postage Computer Consumables Office IT 31 437 437 450 112 904 96 31 256 1,252 362 1,381 2,748 3,007 Servlces & Activlties.. . Printing Catering Golden Years & Monday Club Youth & Children Sunday Ministry Small Group Resources Subscriptions Drop-in Café Resources Pastoral Care & SupF)Ort Safeguarding and Health & Safety Freedom in Christ Leadership Training 435 1,845 22 2,260 111 160 169 53 932 47 248 779 49 82 124 126 206 150 159 38 322 4,289 4,126 Barnwell Baptlst Church CIO Page 7 General Fund Analysis For the Year Ended 31st December 2024 Note 2024 2023 Outreach.. . Christmas & Easter Events Resources & Literature The Bereavement Journey Alpha 466 1,500 72 426 205 25 308 244 970 2,283 Missions.. _ Transfer to Tithe Account 9,747 7,748 9,747 7,748 Other Expenditure.. . Accountancy & Bank Fees Audio Visual Bouncy Castle BBQ Abbey People Churches Together Besom Van Hope into Action House Catering Equipment & Crockery Love Barnwell 249 240 131 66 48 148 122 21 69 600 345 162 355 620 216 1,977 1,419 Barnwell Baptlst Church CIO Page 8 Marlelgh Fund Income and Summary For the Year ended 31st December 2024 2024 2023 Income Regular Glving 33,407 22,255 Income Tax Recovered 3,992 2,559 Donations 1,901 3,326 Grants 18,000 6,000 Home Mission 9,533 6,625 Other Income Bank Interest 388 120 261 170 Total Other Income 508 430 Total Income 67,340 41,195 Total Ex enditure (Page 9) 57,736 44,638 Total Income less Ex enditure 9,604 3,442 Balance at 1 st January 2024 Movement in Year 8,606 9,604 Balance at 31 st December 2024 18,210 Barnwell Baplisl Church CIO Page 9 Marleigh Fund Expendituie Foi Ihe Year ended 31sl December 2024 2024 2023 endil Minister.. . Salaiy Pension Travelling Expenses Trdobile Phone Conferences College Expenses CMD 18,809 2,414 113 80 10 1,173 300 13.450 2.225 103 144 252 1,797 Resources & Other Expenses Relocalion Costs 77 900 Total Minister 22,976 18.870 Housing.. . Housing Allowance Loan Interest Council Tax Water Rales Buildings Insurance Repairs & Maintenance Serdice Charge 2,250 18.430 1,877 254 551 27,926 3,130 610 566 1.181 86 213 Total Housing 32.445 24,628 Ministry.." Visiting Speakers Musicians 102 Tolal Ministry Office Cosrs Services & Activifies.. . Catering larleigh Tois Training Prinling & Resources Hall Hire 711 40 945 927 40 78 216 28 14 Resources Pastoral Care & Support 178 Total Servlces & Aclivities 2,156 1,021 Outreach Other Expendilure.. . 8ank Fees Total Olher Expenditure Missions Toial Ex endilure 57,736 44,638 Barnwell Baptist Church CIO Page 10 Tlthe Fund Income and Summary For the Year ended 31 st December 2024 Balance at 1 st January 2024 13,089 Income Giving during the Year (100/.) Giving during the Year (100/0) Marleigh Other Giving BMS Birthday Scheme 9,747 870 175 10,792 23,880 enditure Donations made during the year 8,819 8,819 Balance at 31st December 2024 15,062 Income Expenditure £ 10,792 8,819 Net Fund Movement in the Year 1,973 Barnwell Baptist Church CIO Page11 Tithe Fund Expenditure For the Year ended 31st December 2024 2024 2023 BMS 1,755 335 2,250 545 Birth.Sc HM 1,500 1,500 EBA Benevolent Fund 100 100 Visiting Speakers (Gifts) 500 800 Baptist Causes 4,190 5,195 Pete & Selma 2,000 500 Jacob & Mercy Tear Fund 281 60 Freedom in Christ 360 Local Organisations Hope into Action Romsey Mill Emmaus 1,130 81 500 213 Visiting Speakers (Gifts) 250 200 Samaritans Purse (Shoe Boxes) 735 Stroke Associoation (In Memorium) 20 Non-Baptist Causes 4,629 1,701 8,819 6,896 Barnwell Baptist Church CIO Page 12 Manse Fund For the Year ended 31st December 2024 Marlel h Coldhams Lane Total Balance at 1 st January 2024 154 154 Income Donations from Churches Donations from Individuals Other Income Income Tax Recovered Bank Interest Total Income enditure Purchase Cost Professional Fees Loan Repayment Repairs & Maintenance Balance at 31 st December 2024 154 154 Income Expenditure Net Fund Movement In the Year Barnwell Baptist Church CIO Page 13 Pastoral Fund For the Year ended 31st December 2024 Balance at 1 st January 2024 2,090 Income Donations received in the year Other Income 500 500 1,590 Ex enditure Pastoral Care & Gifts Pastoral Support 113 113 Balance at 31st December 2024 1,703 Income Expenditure 500 113 Net Fund Movement in the Year 387 Barnwell Baptist Church CIO Page 14 Golden Years Fund For the Year ended 31st December 2024 Balance at 1st January 2024 370 Income Membership Donations 84 20 104 266 Outin s/Activities Christmas Easter Spring Outing Summer Outing 229 12 109 430 780 Other Ex enditure Speakers Gifts/Expenses Club Expenses 127 70 197 -£ 1,243 Transferred from General Reserve to close Fund £ 1,243 Balance at 31 st December 2024 Income Outingsrrrips Expenditure 104 780 197 Net Fund Movement in the Year 873 Barnwell Baptist Church CIO Page 15 Balance Sheet As at 31 December 2024 Notes 2024 2023 Fixed Assets Tangible Assets 709,950 £ 709,950 Current Assets Debtors 1,087 11,830 102 Cash at Bank Cash in Hand 17,592 92 17,684 13,019 Creditors: amounts falling due within one year 5,700 10,620 Net Current Assets 11,984 2,399 Creditors: amounts falling due after more than one year 499,042 £ 504,752 Total Net Assets 222,892 £ 207,597 The Funds of the Chari Unrestricted Funds Restricted Funds 37,480 185,412 22,185 £ 185,412 Total Charit Funds 222,892 £ 207,597 Approved by the board of trustees on 6th May 2025 and signed on their behalf. David Stephen Charnock-Jones Trustee Barnwell Baptist Church CIO Page 16 Notes to the Accounts For the Year ended 31 st December 2024 1 Accounting Policies a) Basis of Preparation of Accounts The accounts have been prepared under the historical cost convention and include the results of the charity's operations, which are described in the Report of the Trustees and all of which are continuing. They have been prepared in accordance with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) revised with effect from 1 January 2019. Barnwell Baptist Church CIO meets the definition of a public benefit entity under FRS 102. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. b) Incoming Resources Incoming resources are recognised in the year in which the charity is entitled to the receipt, and the amount can be measured with reasonable certainty. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. c) Resources Expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. d) Pensions The charity contributes to money purchase, defined contribution schemes, on behall of its employees. No liability exists in respect of pensions other than monthly contributions due which is included within creditors. In July 2022, we were informed that the Baptist Pension Scheme was finally in surplus, with deficit repair contributions being reduced to £1 per employer per month from August 2022. As a result, there is no outstanding deficit at the 31 st December 2024. Barnwell Baplist Church CIO Page 17 Notes to the Accounts For the Year ended 31 st December 2024 1 Accounting Policies (continued) e) Marleigh Property The trustees consider that the market value of the Marleigh Property is in excess of its cost as shown in the accounts, and that in view ol this there is no necessity to charge depreciation on the Building. f) Manse and Loan In 2012, Barnwell Baptist Church, through the Baptist Union Corporation (BUC) purchased a Manse. This is held by the BUC as the property Trustees of the Church and is therefore not shown as an asset in these accounts. The Church received three interest-free loans and a loan from the BUC to enable this purchase, one of which was cleared back in 2018, with the 2 interest-free loans both converted into gifts in 2023. At the 31 st December 2024, the outstanding liability stood at: Baptist Union Corporation Loan £107,910 This liability has not been included in these accounts as the asset to which it relates, the value of which exceeds this liability, is held by the BUC as the property Trustees of the Church. g) Church Buildlng The Church Building is held by the BUC as the property trustees of the Church and is therefore not shown as an asset in these accounts. h) Debtors Trade debtors and other debtors are recognised at their settlement amount due after any discounts. Prepayments are valued at the amount prepaid net of any trade discount due. i) Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Barnwell Baptisl Church CIO Page 18 Notes to the Accounts For the Year ended 31st December 2024 2 Fixed Assets Marleigh Properly Total Cost Balance at 01.01.24 709,950 709,950 Balance at 31.12.24 709,950 709,950 Deprecialion Charge for the year Balance at 31.12.24 Net Book Value At31.12.24 709,950 709,950 2024 2023 3 Debtors Sundry debtors 1,087 4 Cash at Bank Current Account Marleigh Account Tithe Account Savings Account 1 Savings Account 2 1,821 2,219 1,768 11,620 164 7,122 1,615 2,781 154 159 17,592 11,830 5 Creditors Due within one 2024 ear Due afler one 2024 ear 2023 2023 Loans 5,700 £ 10,620 499,042 504,752 Barnwell Baptist Church CIO Page 19 Noles to the Accounts For the Year ended 31st December 2024 6 Unrestricted Funds Brought Forward Income Expendlture Transfers Carried Forward General Fund Designated Fund (Marleigh) Tithe Fund Manse Fund Pastoral Fund Golden Years 2,797 £ 8,606 £ 13,089 £ 154 £ 2,090 £ 370 £ 93,279 £ 67,340 £ 10,792 £ 89,076 -£ 57,736 £ 8,819 £ 1,243 £ 5,757 18,210 15,062 154 1,703 500 £ 104 £ 113 £ 977 £ 1,243 £ 22,185 £ 172,014 £ 156,720 £ 37,480 7 Restrlcted Funds The restricted funds are the amounts generously given as donations towards the purchase costs of the Marleigh Manse. 8 Staff Costs 2024 2023 The staff costs were: _ Wages and salaries Other pension costs 50,556 £ 6,045 £ 42,707 5,600 56,601 £ 48,308 The average weekly number of staff employed by the charity during the year were: _ Ministry Premises Total 9 Payments to trustees No payments were made to trustees nor any expenses reimbursed for them in their role as trustees. 10 Related party transactions There were no related party transactions in the year that required disclosure.