CHARITY REGISTRATION NUMBEFL" 1186196 Redcar Baptist Church Unaudited Financial Statements 31 December 2024 TREMAINE Chartered accountsnts 19 Tremaine Ck)5e Hartlepool TS27 3LE Redcar Baptist Church Flnanclal Statements Year ended 31 December 2024 Page Trustees. annual report Independent examineVs report lo the trustees 11 Statement of financial activrties 12 Statement of financial position 13 Notes to the financial sL8tements 14 The followlng pages do not forni part of the financial statements Detailed statement of financial activities 26 Redcar Baptist Church Trustees. Annual Report Year ended 31 December 2024 tr￿Stee8 present their roport and ihe unaudit* financial statements of the charity for the year ended 31 December 2024. Refgrgnce and admlnlstratlve detslls Reglster8d chartty namo Redcar Baptist Church Charfty reglstrallon numbor 1186196 Principal offlce Redcar Baptist Church Park Av8nue Redcor TS10 3LJ The tru518es C Riches M Hubbard S Hubbard V Rushin-chape P O'N￿11 L Wanstsll J P Searle M Rlshm (Appointed 17 October 2024) Company $•cr6tary C Riches Indopendont eXAmlner Julle Todd Tremalne Chartered Certified Accountsnt 19 Trernaine Close Hartlewol TS27 3LE Redcar Baptist Church Tru$toe$' Annual R•port(conIknu￿j Y•ar ended 31 December 2024 StwGturo5 gov•m•nce and managemont The organisation is an unirKoTporntsd tharity regtstered with the Charity Comrni5sion of England and Wales on 6 November 2019. The charity 18 governed by ils (￿sli￿￿￿￿ adopted on 9 December 2018 as arnended on 31 March 2021 and 23 November 2021. The Constituti￿ sets out the aims and c&lect￿ of the chaTIty. The charfty dld not operate as a church durlr#J the pertod from its registration on 6 November 2019 to 3 MaTch 2021. Its Trustees agreed the charity "(Trust property held in connects'on wlthl Park Avenue Baptlsl Church, Redcarf to acquire the operating activths. assets and Ilabilities of the18tter on 1 April 2021. Prior lo that date. the latter challty had served the communty as East Clèveland Bapust Church 8nd this ch817ty took on Ihe ro￿ from that dale ￿th the name Redc8r Bapti%t Church. The Churth is a member ofthe Baptist Union of Grpal Britain and Northem Baptist Association. Govemonce arrangements The Church Members, Meeting sh811 appoint Charity TTUStees to be respons1t￿e fcr the govemance of the Church and where there is a Mirdst6Y that person is a Charity Trustee becausa of their rcAe and reswn5ibiliiies. The appointment ot Charity Twstees shall be undertaken by processes that a￿ public. clear and open so that all Church Members are enabled to conslder prayerfulty who should be apwinted as Charlty Trustees. The process shall ensure that notice Is gwen of any fOrth￿ming electiori 50 that Churth Members may fredy ￿MInats prospective Charity Truste85 vhK)se names shall be submitt&d 18fter they have indiLXted a willingness to be 8ppointed) for decision to the Church Members wth the Interttl￿ of of ensuriry Ihgt those appointed have a suffldent ￿Ve[ of support from them. Redcar Baptist Church Trustees. Annual Report rw7 Year ended 31 Do¢embw 2024 obled1v￿ and a¢tlvAties Our Vl8ion Changing Ihe Story, Bringing Hcw and Transforming Lives We are 8 Ja8u8-fo1lo￿in9 c(xmmunity hare to change Iha stw of church declinè in our w. We aim to do this by running projects that tsckle isolation and povety, running a soci81 enterprise Coffee shop. operalng a sulte of communlty benethEng courses and elubs and hO$￿ng a poverty alleviating community grocery. Misstonal- W8 und8rsland that we live in a s8tting whwe ts vast majority of pgclple donl know Jesus. As such, we will adopt the postu￿, thinking, beh8wours and practlces of mlsslon In e*der to engage other5 the Good News ofJesu3 Christ. Biblical - We believe the Bible to be inspired vffitten Word of and seek to INe acC(￿ding to the truth of Scripture. SpiTit4ed - We wefcome the wesenGe of Ihe Hcly $￿'T[l. fdlowing his leading and honouring him in all WLYshlp - We wlll delWJ8rataly Beek lo Lying the glory and honour that i>)d des8rves through our eal(ve wxship and the many gifts and talents thal come abwt from belng made in the Image of God. Prayer - Wthoul God we can do nothlr#J. We belkve In the p)wer of prayer and will nurture our relationship with hlm through p8rson818nd corporate prayer. Community - Our church community is made up of pe￿e from all walks of frfe. We lov8 that, and Want everyone to know that they have Inherent value 8s chSldren of God. As 8 cornmunty we need to rely upon one anolher, be 'reaf with one anoth8r. and cc¥nmlt to mee#ng together regu18Tly for mutU81 encouragement and growth. EquippirvJ - We believe a special calling to devel￿ the character and capabililies of believws In orrier to equip them to ad as tho hands and feet of J8sus in our day to day lrfe. Hlgh Accountabllty, Low conttel - We believe in p God of freedom who wents to equip people to serve him acrKJrding to how he has made them. We also believe thal the things we do, and the hèart with whith we do them matter lo G￿1. BeLaL￿e of this we Wdnt to be acwuntsble of one another for the things we do and say in all areas of our lives. Generous - God Is St￿nd8nty generous to us. we want to be abundanuy generous to others in terms ol our attitudes and heart, but also wllh our Itrne and re50urce5. Redcar Baptist Church Trustees. Annual Report Year ended 31 December 2024 objèct1￿ and actlvltlès (eondnu¢dJ In fU￿￿ling the Purposa, Redcar Baptist Church will ￿gage in a range of Activities either ils ovm or with others that will vary frcffi lime lo time th ActNthes Eeing initiated, expanded. or closed. as appropriate. The ktivities may includg but are not r05tri¢tsd to: regular wJt4lc worshlp, prayer. B￿le study. preachlng and teachlng,. bapts"sm. as defined in the Unicfi's Declaration of PTinopl8- the Communlcm of the Lord's S4)per which sh*1 normalty be observed at least oncA a month.. evangelism and mission, locaty, regionally, nationally and inlematlonally, the t88ching, encovr8gemenL wetcc*ne 8nd inc￿S1On of young p8ople.' nurture and growth of ChTiStian disciples: education and tralning for Chrisban and ￿7mmUnitY seThice; givin9 and encouraging pastoral cafe. $upporling and 8n¢oL>raging charitable social action in Ihe United Kingdom and abroad; encouraging relationshlps with and SUPkK)rtFng B8pti5ts and other Chfi5tians. Not Y￿th5￿￿JI￿g the app01nlm￿t of p￿nS to accept reswnslbllty for any of the Actlwtles all indNiduals. organisations. groups, and Gommittees opgraling wthin the life of thg Churth, and thelr 18adars, shall be accountable lo the Charity Trustees and also through any Specif￿ direction of the Church Members. Meeting. Redcar Baptist Church Trustees. Annual Report {col￿n￿•d) Year ended 31 December 2024 hlevomwts and perfom14nco We are delighted io rewrt to you the v3rious activities that h8ve been golng on throughout ￿ror Baptist Church over the last year and hope that 5f)u enjoy reading about all that has been achi8ved. This rep(Yi is a great opportunity to bxli back and thank God for all Ihat he has enabled us as a Church to do duTWU 2024 and provides a chance to Fcrt)k forward to Ythat we hope to do during 2025. OveTvlew Redcar Baptist Church has existed In the twi for 95 years. During tr￿ Cowd pandemic we took on new lease of Ife with Ihe expr8ss mission of changing the story of depriva￿On in our town, bringing hope and transfomilng lives ty allevlaltng the symptoms and tackling the root causes of poverty. Redcar has g dispTOPQrtionatsly high numb8r ol wards that srt in the l)ottom 10% for dapriwdlion in the UK. Redcar Baplisi Church buil(ling sits acro66 the road from one of these and is well pla(*d to act as hub of support. Universal human needs are the needs of food arxl warmth. It is for thks reason that wo opened up Ihe church buildlng Mon - Friday 9.'30am - 4:30pm week in week out {as well a5 several evenings) to act S a hub of support. As part of th¢9 we p8thered The Message Trust to open Redcar Community Grocery. vthere for an annu81 membership fee of £5 members can come up to 5 tlmes a week to fill thelr baskets wtth £25430 worth of frosh prodL¢ce forlust £5 eath shop. We're all about movkng people from wln8rability to grealer Independence, so every member is also given access to a r8nge of oourses and clubs designed to meet the felt need5 of Ihe community, be it needs r81eting to i801aUon & mentsl health or education & empowemient. Ex8mF48s of cwrseslclubs we have rull indude: CV writing" job club. Engksh 8S 8 secoNI language,. Money M8nagement & ￿￿geting.. Souper M￿daYS W8rn1 Space.. Comrnunity Needl￿raft Menlal H8alth First Aid. Bereavement Journey, A8ylum Drop In.... the11s1 really does go on and on. To embed su5tainablty, a welcoming atmosphere, to 8n(xJurage community building and to create a format for movkng pe￿Ie into employment we began C¢)mmoTr Ground Coffe8 Shop in the building t￿. This affordable bul artisan coffee strKsp operates a pay ￿ forward system for those who can't afford food or drink, provkles freè soup for our wann space and training opportunities for lob seekers. It has te￿me a pkce that lackk8s isd8tion, Improves communrty cohesion and mentsl health and acts as a wann space and Mel￿ng pot for the most vulnerable li ￿Jr community to access tha wider support we offer through our wurses and dubs. Redcar Baptist Church Trustees. Aftnual R•port (¢onllntMdl Year ended 31 December 2024 Achlevem8nts and perlOrn￿nce (eonllnfyvdj During 21Y24, we experienced several th8nges ¥￿thIn valued staff team. In instances where staff members transitioned oul of th8lr roles, many chose to tak8 on voluntary posiiirMs witrin the chvrch, oftgn with increased hours and no remuneration. in order lo further support the church's mission. TN5 p8riod of transtuon also gave rt88 to n8w mlnlstrl8s and roles 8¢ross the organisati￿. One signSflcant development W85 the establishment of the NGN Prcyecl, which Fvovided vltal fundlng for our worf( wrth aS￿￿M seokers and refugees, enabling us lo serve a growlng number of indivifjuals in need thin our o)mmunity. The projed also indudes support for children and families, creating new opportunFb8s fcff staff recwitment to help achieve Its (*Ji8ctNes. Further developments included chgnges in the m8n8gemenl of toth the grocery and the coffae shop. These thanges introduced expeTlenced managomellt, Kthich in turn enhanced the qualty ond reach of OLsr c(Jmmuntiy Serv[￿. Addllionalty, we have been able to expand our fhrough the Eden Programme. This has involved engaglng a nufflber of volunteers in the community allotment, ￿￿ere they grow a varl8ty of crops. The initiative rK)t onty ￿c￿jrages o)mmunlty interaction but also provides fresh prixluce to share wsth those we serve. Our target group is defined by the need se8 on th& gr￿nd and so we tand to focus projects on unmel needs. Common Ground The year 2024 has been an incT8dit48 journey of and deVelOpm￿t. not only in twrns of Ihe buslnoss Itself, but also wthin oui ever e¥olwng and expanding t8am. By 't88m" I refer to the remarkable group of voluntepr5 who gfve so genercwsty of their lima, a5 W911 as our dedicated paid staff. We have contirnJ8lly adapted to meet the changing nwjs of Ihe local communlty. whde remainiry twe to the ekns of Common Ground Coffee Shop.. provlding a space for tralnlng and S￿lIS development for those seeking eM￿O￿￿ent. offering second char￿S to those In need, and creating a sense of camaraderi8 for individuals who may feel isolated or vh)0 slmplyw8nt to give back. Common GroLtnd exists as a Wel￿mIng space for dl a Inje communtty hub %there people can come together to relax. conned, and bulld relauonshlps. It 81so serves as a base for the many courses and clubs we offer, whlch are (iesigned to respond direcuyto the expressed needs of our communlty. Duriro this timg. Common Ground ha8 host&J a vadety cl events including famity fun day5, group social actlvit*s, ladies-only coffee momings, fflulbculturd bring-8nd-share gatherings, aftemoon leas. and quiz nights alongside numerou$ other inityatives designed to bgn8fi1 the re8bdenls of Redcar and the surrounding aroas. Thes8 activities have helped to w8l¢ome more individuals into the church community, gently reduce the stigma often assouated churth, and sublly create oppx)rtunilies to shtre God s wcfd. The vhK)le team has completed thelr online Allergen & Intolerar￿e Awareness Tralnlng. The malorfty of the 188m now knows how to use the Languago Translabon App, and we use St dally. This has been incredibty helpful for us ￿1, as we work wlh indmduals from many different countries. have lrtlle or no spoken English. Redcar Baptlst Church Trustees. Annual Report feoftll Year ended 31 December 2024 Achlovmionts and p•rfomanc• (eonaTnuod) The team have sFEnl time with numerou5 indiMdua18 ￿stening attentively, offering prayer. and truly hearing their stories often shared over a cup of tea in the ￿fé. Many have ￿cOUnted experiences of cthurch during their childhood that left a negative impact and contTlbuted slgniflcandy lo their decision not to engage wth church lrfe until now. However, they frequenty express that Ihls place. feels different, m(*e incluslve 8nd has bewn lo reopen their h8art5 to Jesus. Just one story of how Common Ground has made a re81 dlfference would b8 that of Maria (name changed). Maria began as a volunleer in the cafe: she wanled to work in a cafe, arnongst people who spoke English, to get some handsk the first t8ntslv8 Steps of fomiing a partner8hip wth the Redcar Unrted Refonned Church on Station Rd. 2024 has PAen a key year ￿ the partnership where the decision was made to form a Local EL￿eniCal Pathership. a f(Mn of churd) partnership where ￿ or mcre denominatlong come tC*Jelher to wate a singular, distinct 18gal 8ntity. Throughout the year a group of around 12 members of Redcar Baptlst Church have come fmyard lo form the Baptist half of this bleFYJ. Working alongshle this group, partners from Redcar URC, Ihe Northem Baptist Assrx4alion and tha Northem of the Untted Reformed Church, a pathway was mapped out wlth an antlc4pated stsrt date of April 2025 for the LEP whith wll be ¢￿ted 'Redcar Housg of Worship.. Flnancial review Total reserves of the charity as at 31 December 2024 amount to £237.964, of %thlch unrestricted frpe reserves (1.0. trM)se not tied up in Fixed Assets) amount to £202.574. Offerings have be￿ higher than the Budgel set. We h8d been thankful for members IncreasiThJ their giving and for Some to start giMThJ for the first tim8. We havo also received a number of one off donatlon8 thls year frcffi 8 number of individuals and organisal1￿ts. The Tnjstees would like lo take the opp(¥￿nIty to thank the thurch family for th81r continued financial support overthis pgri(¥J. Re¥•￿5 Pollcy and Rl¥k Management It is the policy of the charity lo mainlaln unrestriL*ed fund5 which are the free reserves of the charity, at a level thich 8qualos to approximately three monlhs unrestdcled expenditure. This provides sufflclenl funds to cover management and administrati￿ supwjrt costs and lo respond to emergendes. The trustees adively rwiew the m8l¢x risks the charity fac6 on a regular basis and believe that Maintaining our free reseThe5 at tr￿levelS stated akne, will provide suff￿19nt resourc88 kn the event of adverse conditions. Redcar Baptist Church Trustees. Annual Report (¢onrfnu•dJ Year ended 31 December 2024 The trusl8es' annual report was approved on 11 September 2025 aTrJ signed on behalf of the board of trustees by. M Rishma Trusteg C Riches Trustee Redcar Baptist Church Independent Examlnefs Report to the Trustees of Red¢ar Baptist Church Year ended 31 December 2024 I rewl lo the truslee5 on my examination of the finanoal statements of Redcar Baptsst Church I'the charit￿) for the year ended 31 D￿ember 2024. R•sponslbllltles and bas18 of rpport A8 the trustses of the charity ￿LI are responsrtjle for the preparation of the financial statements in 8ccordence wilh the requirements of the Chartues Act 2011 {Ihe Acf). I report In respect of my examination of tre charit￿$ finanu81 statements r*rrfed out under Section 145 of the 2011 Act and in carrying out my examination I have foNowed all the applicable Direth'ons given ty the Charty Commlsslon under section 145(51(bl of ihe Acl. Indopendent exam1￿8 stat•ment Sinc9 the charitrfs gross income exceeded £250,000 ywr examiner musl be a member of a body listed in section 145 of the 2011 Act. I that l am qualified to undertake th8 ex8min8tion because l am a member of the Association of Chartwed CertIf￿d Accountants, which is one of the listed ttslies. I have completed my examination. I conflnn that no material matters heve to my attentlon In cunnection wth the examinati￿ giving Me cause to believe thal in any material resgect accounting records were not kept In reSp￿t of the Charity 8$ requirtrJ by section 130 of Ihe Act., or the fin8nci81 statements do not accord those records; or th8 financial stalgrnents do not c(¥nply wilh the applicable requirements concernlng the fon end c(*)tent of accounts set out in the Charities lAC￿unts and Reports) R8gulation$ 2008 other than any requirement that the accwnls give 8 'bue and fairf VFew which is not a matter onsidereé as p8rt of an independent examlnatfion. I have no concems and have come across no oth8T matters in connectron with the examination lo ich attention shoukj be drawn in this report in order to enable a woper understanding of the accounts lo be reached. Julle Todd Tremaine Chartered ce￿ AcccLtntanl Indepandent Examiner 19 Trem8ine Close Haruewiot TS27 3LE 11 Redcar Baptist Church statement of Flnanclal Actmties Year ended 31 December 2024 2024 Unrestricted Restricted funds funds Total funds 2023 Totel funds Incomo and endowm•nt$ D<)nalions and legacies Charitable actiwties Other trading activrtses Investsnent income 188,979 70.133 8,230 10.419 114,214 303,193 70,133 8.230 10,419 131,115 100,328 7,048 7,844 Total Income 277,761 114,214 391,975 246.335 Expendltur• Expenditure on charltable act1￿￿89 Totsl •xpgndltur¢ 232.037 232.037 70.761 302.798 220,352 70.761 302,798 220,352 Nel Incom 45.724 43.453 89,177 25.983 Trdnsfers between funds {8.¢%3) Nel movement In funds 53,787 35.390 89,177 25,983 Ra¢onciliatlon of fund8 Totsl funds brought f(Kward Total lund$ carried forward 148,787 148,787 237,964 122.804 202.574 35,3 148.787 The statement of financial activities kndudes all galns and losses ￿cogNISed In the year. AJI irK£tme and expenditure derive frtwn ￿ntinuIng acti￿￿03. Tho notss on Pa9￿ 14 to 24 form part offh￿* finin¢lal ¥t•t•m•nts. 12 Redcar Baptlst Church Statoment of Flnanclal Positlon 31 December 2024 2024 2023 Current assets Debtors Cash at bank and In hand 13 4,490 234,370 238,860 5.451 144,645 150,096 Credlt¢xs: amounts falllng duè wlthln one yettr P4et current assots 14 896 1.309 237,964 148.787 148,787 Totsl a88ets less eurnent Ilablliti•s 237.964 Net assets 237.964 148,787 Funds ol thè Gharity Restrlcted funds UnTrstnrAed funds 35.390 202.574 148,787 Total charlty funds 16 237,964 148,787 These finand81 ststements were apwoved by the board of trustees aTh18uthorlsed for issue on 11 September 2025, and are signed on behalf ofthe board ty. M Rishmawi Tnjstee C Riches Trustee Th? not•B on pages 14 ts 24 form part of th•B• financlal statements. 13 Redcar Baptist Church Notes to the Financial Statenwnts Year ended 31 December 2024 General Infom)allon The chadty 18 a PUb￿C benefrt enlrty and a registered charity in Englond and Wales and 18 unincorporated. The address of the princ4pal offic4 is Redcar Bapti8t Church, Park Avenue. Redcar. TS10 3LJ. statwn•nt of compllanc• Thesg financral stst8m8nts havg bggn propared in compliance wth FRS 102, The Fin8nc4a Reporting Standard applicable in the UK and the Republic of Ireland.. the Statement of Recommended Practlce applicable to chanties yeparing their 8ccounts in accordan￿ with the Fin8nclal Reportlng Standard appllcable in the UK and Republ￿ of Ireland IFRS 102) (Charltles SORP IFRS 10211 ar￿ the Charities Act 2011. Accounting policio¥ Grants payabl• The Church makes grants lo other oryanisations whose charitable objects Com￿lMent its work. They arg aLwunt￿J for vthen the recipient has been notified of the grant and payment is unwndilicffkal. 8asls of pr8par*lon As the Gross Income for the year exceeds £250.IK)O. the accounts have to be prepared on an accw8ls basls r8ther than the cash-based reeelpts and pa￿entS method used in previous years. By ustng the aC(XUa￿ accounting method, the accounts indude significant year-on-y8ar variation8 in Glft recovered Sncome, Grants Recelved Income. utllities and insurance costs. As requlred by the SORP, comparative irrfoTmatitJn for the year ended 31 Decembor 2022 has been restate(I Ltsing th8 acuuals b8$1S. Support costs Support costs are those Ihat as￿st the work of tha church but do not direcly represent ch8ritatAe actsviti'es and include office costs and governance cost. Where support costs cannot bo directy attributed lo particular he8dings they have been allocated to the cost of raksing fvnds and e￿nd[tur8 on charilable activities on a basis fffflsistent with the use of raSoUr￿. This represents direct gxpenditure on th8 govemance of the churd). Most of the marTagemenl is carri&l out thoul charge by by volvnteers. This intsngible cost 15 nol included in the Statement of Flnanclal Actlvltles slnce there Is no measurable cost to the voluntews for thelr seNice. There are no material un(xrtainties ot￿t the Gharity8 to continue. Flxtures, ffttlngs ond equlpm•nl The fvmitura, fith'n￿ and other items of eqLSlpmenl are hehy on the premises. It is unlikely Ihat an￿Ing has signifiont market value. No asset register is maintained. 14 Redcar Baptist Church Notes to the Financial Statements (conllnu•d) Year ended 31 December 2024 Judgomonts and key sources of estimailon uncertalnty The syeparatfjc￿ of tha finaneial statements requires management to make judgements, estimales and assumptions that affect the amounts reported. These estimates and judgements are ￿ntinUallY rewewed and are based on experierKe and other factors, including expeclalions of fulure events that are belsoved to b8 reasonable under the drcumstances. Fund accountlng Unresblcted f￿d8 are available for use at the discretvjn of Ihe twstee5 to fijrther any of Ihe hartys purpos8s. DeswJnated funds a￿ unresMcted fvnds ea￿arked by the trustees for partlcular ftrture project or commilmenl. Restricted funds are subjected to restrictions on their expenditure deciared by the donor or through the temis of an appeal. and fall into *)ne of tr40 subdasses.. restricted income funds or endowment fund$. In¢oming resour¢e• PJI inc¥)ming resources are included in the sLqt8ment of financ￿1 aGtivrfies when enlittement has passed to the charity. it is probabEe that the economic benefits assoclaled with the tr8n5&b"on wil to the charity and the amount C8n be reliabty measured. The following specrfic wlicies are applied to parucular categories of Inwme: me trom donations or grants is recognlsed when Ihere15 evldence of entitlom8nt to fL recept 15 probable and its amount ba measured reliabty. legaGy irtc(Mne is recognised receipt is probable and entillement 15 established. Income frcAn donated gwds IE measured at the fair value of the gocrfJ8 unle88 thi$ is impractical to measure reliably. in whlch case the value Is dwlved from the cost to the donor rx th8 &slimated res81e value. Oonatell facrlitles and services aro recognised In the accounts vthen received W the value can be reltably measured. No amounts are inclLKled for the tribub'on of general volunteers. Income frcth contract8 for the supply of Services is recogni8ed with the delivery of the contracted service. This is classified as unrestrlcted funds unless there is a contractrjal reqimremenl for11 lo be spent on a pa￿CUlar Pufpose and retumed rf unspent, in whith casè rt may te reoarded as reStn.Gt￿. 15 Redcar Baptist Church Note6 to the Financial Slatements (¢0• Year ended 31 December 2024 AGGounilng pollGIos (¢oftUni Rosourus expondod Exw(IltsJre is rec(MJnised on an 8￿r￿al8 basis as 8 liabilty is IrKurred. Expenditure includ8s any VAT whrd) cannot be fully recovered, and Is dasstlied under headings of Ihe statement of financiol adwities to whith it rolales: expenditure on ralslng funds Includes the costs of all fundraising activities. events. non- tharitable trading activrtees, and the sale of donated goods. expendRure on choTilable activities inc11d￿ all costs incurred by a tharfty In undertaking activilies that ftjrther its ch*itable aims for the benefit of its beneficiafies, inthding those suppM)rt costs and costs relab'ng to the govemance of the charity apporloned to charitable activilies. othw expendlbjre In¢￿deS all exFendlture that Is netther related to raising funds for the cha￿ty nor part of fts expenditure on charitsble actlvrtl8S. All costs are albjcated to expenditure catgJori8s ren8¢1ing the use vf the re￿urCe. Dirgct costs aMbLrtable lo a single actimty are ￿located diredty to that activty. Shared costs 8r8 apportioned bets¥een the actimties they contrlbute to on a reasonable. iuslnlable and consistent b8S1S. Deffined contribution plans exrAained in note 15 the Church particip8198 in the Baptist Pension Scheme. a mumi-employer scheme, whtch is unable to Identrfy the assets and liabilities attributable to the Church. In Ccordance with FRS102. amwnts paid lo the Scheme are acwJnled for as tfthey were those of a éefined contribution scheme. The Church also participates in the NEST. a defined contribution scheme. knoLtnts due in respect of such schemes are charged to the Statement of Financial Activities. 16 Redcar Baptist Church Notes to the Flnanclal Statements {conttnu8dl Year ended 31 December 2024 Donalions and1ggaclo$ Unrestricted Funds Restricted Total Funds Funds 2024 Donallons Offerings Gift 58.412 7,865 58,412 7.865 Legacles Rena Clark Legacy 71,825 71.825 Grants Lady Hewley Trust Unlteil Reforrn Church Northem Synod North Gas Nets¥ork No￿e Chartty Trust Tee5 Foundation Southbank Bapti8t Church Just Sow Baptist Insurance GTant 35.877 3,000 35.877 3.000 gg.214 2,000 2.500 7,500 10.000 5,000 303.193 99,214 2,000 2.500 7.500 10,000 s,000 114,214 188.979 Unrestricted Fund8 Restricted Total Fundy Fund8 2023 Donatlons Offerfngs Glft 70,974 9.793 70.974 9,793 Legacles Legacies 5.000 5,0(M) Grants Lady Hewley Trust Bwfa Award Grant United Refom Church East Cleveland Group United Refomi Church Northem Sy)od 35.877 1.221 6.758 1,492 131,115 35,877 1,221 6,758 1.492 131,115 17 Redcar Baptist Church Notes to the Flnanclal Statements (cortlnued) Year ended 31 December 2024 Ch8rltsble actlvltles Unrestricted Totsl Fund$ Unr8slricted Total Funds Funds 2024 Funds 2023 Comrnon Ground Flrst B8ptisl Church Woodway Texas First CoFina Baptrsl ChurGh Texas Vardy Foundation Edon NgtsvoTk Grant Funding Northem Baptist As80ciatson- Homa Misslon Eden (Additional giviTrJ) Northem Gas Nelworks Jack Brunton Trusl Redcar Hydrogen Commurmly FuThJ Ayslum Project Other 54.981 54.961 43.514 16,502 43,514 16,502 9,317 9,317 12,000 8,633 12,000 8,633 4,500 4.386 2.750 2.000 1.650 2.175 2,175 4,386 2,750 2,000 1,650 1.187 2.493 1,187 2.493 4.393 4,393 70.133 70.133 100.328 100.328 oth•r trading aclivltl•s Unrn$trictsd Total Funds Unrestrictsd Total Funds Funds 2024 Funds 2023 Hall Hire 8,230 8,230 7,048 7.048 Investment Inc¢)mtr Unrestrictsd Total Funds Unrestricted Total Funds Funés 1024 Funds 2023 8ank interest receNed Rent recelved 3.819 6,600 10,419 3,819 6,600 10.419 1.244 6,600 7.844 1.244 6.600 7.844 Exp•ndltur• on charftablo a¢tivllios by adlvlty typo Actmties undertaken Total lunds directy 2024 Total fund 2023 Mlnlstry Mission Es&bli8hmenl NGN - Wum Seekers Prryram Just Sow 144,723 67.921 19,393 65,381 5.380 302.798 144,723 67,921 19,393 65,381 5.380 302,798 102.392 94,190 23.TlO 220,352 18 Redcar Baptist Church Notes to the Flnanclal Ststements Year ended 31 December 2024 of Support wsts Total 2024 Total 21r23 Operalion8 Admin Finance 10.288 11.903 12.788 10,652 9,351 4,109 34.979 24,112 10. 1Trdepend￿t ex￿TrinatIon fees 2024 2023 Fee8 payable to the indep8ndent examinw for. IndeFendent examination of the financial statements 200 11. Staff costs Th8 total staff and employee b￿efits th8 roportirw3 period aro analysed as folbws: 2024 2023 Wages and salartes ial security costs Emplwer Gontributions to pensi(￿ pl￿5 193,821 9.079 9.727 132.451 2.745 7,701 142,897 212.627 The omount Poid to HMRC for Employprs Nl w8s reduced by the application of the eMploYn￿nt allowance. For Tax year 2024125 this amount was £5.000.' (2023124 £5.0001. The avw8ge head r￿Unt of employees durfng the year 1212023.. 9). The average numb8r of fu114ime equivalent ern￿OYees during the year is ana1￿9d as follows.. 2024 2023 No. Charitable acliwlie5 12 No 8mpknyge roceNod empbyee benefits of m(ffe than £60,000 during the year {2023: Nil). No employee received totsl emobjment in exce55 01 £60,OCIJ during the year. Key Manogement Personnel Total aggregats remunvntif￿ paKI key management personnel durirKJ the 5*8r was £76,341,. {2023 - £79,839). 19 Redcar Baptist Church Notes to th• Flnan¢lal Stat•mentS fconbnu Year ended 31 December 2024 12. Trustee remuneratlon and •xpens•$ The Strategic Minister acts as of the church¥ tnjslees in accordan¢x e.g. the Tn￿1 deed and received remuneration of rJ5.404 whlch inctudes other benefits in respect of his Se￿￿S as Minisler. induding the provision of manse accommodalH)n rented by the church from the Mlnlsler and hls spouse. The Minister acts as one of Ihe church's trustees in accor(iance wlh e.g. the Trust Deed and receIv￿j remuneralion of £35,404 and other tenefts in respect of his services as Minister, including the provisison of a housing allowance. The Trustees were reimbursed ￿7 re8P8Ct of expense8 tncurrwj a8 Trustees In the current ot preceding year. The Church pays penS￿n ￿ntrIbutionS for Its Ministers to Baptlst Mlnlgters Penslon Trust Limtted, wknlch 16 a deflned contribution scherrFa. %thith is not contraGted (YJI of the State 8ecMd ryansion. 13. Debtor4 2024 2023 Prepaynents end accrued income 5,451 14. Cv•dltors.' amounts falllng duo wfthln ono yoar 2024 2023 Accruals and deferred income Penslon 1,309 415 896 1.309 20 Redcar Baptist Church Notes to the Flnanclal Statements (contlndBdJ Yoar endod 31 D￿mber 2024 15. Ptnslonw and other post retlrement bgneflts The ChurGh is 8 partiCSP8ting wtrployer in the Baptist Pension Scheme Ilhe Scheme'l, which 18 a separat6 legal entity administered by the Pension Trustee {8aptisl Pension Trust Limiledl. The assets of the ScheTne are held separately from those of Ihe Ernployer and other Parti￿PatI￿j employ8rs. Tho D8lln•d Contrllmrtlon Plan From January 2012. penslon W0￿s1On Is t￿Ing made thr(wgh the Deflned Contrbut*Jn IDCFlan wiitiin the Stheme. In ggneral, members pay of their Pgnsionable Income and empknyers pay 6Yo of members. PensK)nable Income into individual pensk)n ac¢oLFnts, which a￿ operated and managed on behalf of the Pension Trustee ty Broadstone C￿￿rate Beneffts Ltd. In ￿ld1tH)n, the empioyer pays a fwther 4% of Pen$ionable Incorne to cover Death in Sorvioe Benefits, administrab'on costs, and an associated insurance polKy which wovides income proloclion for Scheme momb8rs if they ar8 unable to work due to I￿g-terM Incap￿tY. This In¢(￿e protection policy has been insured ty the Baptist Union of Great Britain Y￿th Avrva Limrted. The Ministh are eligible to low) the Scheme. The Dellned 8enefft Pl•n On 30 June 2022 the scheme signed an agreement whh the Insurance company Just Grolrp ('Just"I lo secure DB Plan members, penslon beneffts. Just are now provldlng t1n8￿la1 b8cking lor all pensions promded through the scheme's DB Plan and fdlowing this transaction, th8 Schewne no bjnger has a shortfall. An upJat8d R￿Very plan was signed in August 2022 under which recovery ¢ontributions from eath partiapaling empknyer in DB Plan reduced to £1 per monlh from August 2￿22. The Scheme's Tnjslee and the Baptist Unirm triggered the *in&up of the DB Plan as at 31 March 2024. The Trustee ¢x)nfinned two wnts in an email dated 11 March 2024: 1. The church's cornmlbnenl as a partidpallng 9mploygr In th8 DB Plan wlll come to an end once the transfer to Jusl has been ￿eted In 2025. 2. He is expecting that the existirvj DB Plan fund8 Ylll be adequ*e. Howover. the recovery contritrtrtlon vlll continue at £1 per month as there remains some uncertainty as Ihe final pos￿￿. The ¢hurth ¢onlinu8d to Contrit￿ £1 per month yp to Octobgr 2024 when the plan ceased. NEST Defined Gontrlbutlon Plan somo members of staff, rf eligible, 8re members of NEST. NEST is 8 workplace pension scheme set up by the government. It is a Defined Contribulion Plan. Tha m8mber8 contribution is Syo of their qualifying eamings. Thg Churth pays 3%. Most members wll only pay 4% of tr￿[r qualfyng èaming5 as Ihoy g8ttsx reliof from the govomment 8very time they cc￿$but8. Total ernployer conÉrSbullon8 made for tho year amotsnl to: 2024 2023 Baptist Perksion Scheme NEST 6.727 974 2.127 Tc*al 9.727 7,701 21 Redcar Baptist Church Notes to the FinanGial Statements l¢onN Year ended 31 December 2024 16. Analysls of chavltsble fun Unrestrlctod funds At 1 January 2024 31 Docembor 2024 Income Expenditure Transfers Goneral funds 148.787 277,761 (232,0371 8,C63 202.574 Al 31 December 2023 At 1 January 2023 Income Expendlture Tran8fers General funds 122,804 246,335 (220.352) 148,787 R•8trfctod fubNI8 At 1 January 2024 31 Docomber 2024 Incthne Expenditure Transfer5 Centre for Wamth Prcsr8m Just Sow Baptist Insurance Grarrt 99,214 10.CWJO 165.381) (5.380) 1.557 (4.620) {5.000} {8.063} 35,390 114,214 170,761) 35,390 Redcar Baptlst Church Notes to the Financlal Statements {conthu•d) Year ended 31 December 2024 17. An8￿1$ of not 8ss•ts betwoon funds Unreslrricied Funds Restrictsd Total Funds Funds 2024 Current 8ssets Credltors le5S than 1 year Net assets 203.470 35.390 238.660 18961 237.964 202,574 35,390 Unreslrfet& Funds Restitled Total Funds Funds 2023 Current assets CTeditors less th8n 1 ￿ar 150.096 {1,3091 148,787 1 SQ,096 {1,3091 148,787 18. Common ground (analysis) 2024 2023 Staffing Management F*gmises Adminloperational Resources 24.867 20.576 2,422 3.600 608 19.t35 46.441 3,960 362 24,832 56,620 Total 19. Ed•n (anal￿￿) 2024 2023 Team Leader Salary FtrLiect Costs Managemfjnt Adminloperalional Patherships contrtbution lo Eden Nelwork Tolal 5,328 27,190 4.570 2,604 1,095 1.200 36.659 260 1,200 7,551 Redcar Baptlst Church Notes to the Financial Statements (co)￿1¥￿ed) Year ended 31 December 2024 20. Grnnts payabl8 2024 2023 Northem BaFlistAssociation BMS World Mkssi The Me55age Olher 3.015 3,015 1.200 287 6,418 3,700 Tclal 10,118 7,517 21. Bank and cash balanc 2024 2023 Cash Barclays Currenl AL￿unt Bardays Dep50it Account Baptist unl￿ Account NGN CU￿ent AccoLFnt Cash (Common Groundl Barclays Current Account (Common Groundl Bardayts Current AcGount (Eden) Barclay8 Dep)8it Aco)urrt (Eden) Totsl 41 5.596 140,421 78,513 170 33 3,715 559 5,322 115 7.150 125.996 2,678 559 1.294 234.370 144,645 22. Assets held for church own use The church is the benefiual owner (5ubjed to the relevant trusts) ￿ the follo￿ing assets, the legal litte to which is held by the church's custojian tnJst88, th& Baptist Unton Crypryation Limited: Church premis8s for which no valuation is induded in Ihe financkg18tatement8, tmjt the building is sured at a value of £1.495.466. The man88 for *thich no valuation 15 included Ri the financial staternen￿ but the bultdtng is insured at a value of £365.425. The church also 0￿￿S fixture5. furniknre and equipment wilh ￿ insured value of £75.615. 23. Related partl•s The Custodian Trustee of the church is the Baptist Union CCI￿ration Limrted, charty number 249635, and which ig C￿lled by the Baptist Union Council. The church is also a member of the Bapllst Unh)n of Great Bdtain. and the N(#them Baptlst Assoclatkjn. 24 Redcar Baptist Church Management Infomiatlon Year ended 31 December 2024 The followlng pages do not fomi part of the financial statemonts. 25 Redcar Baptist Church Detalled Ststement of Flnanclal Actlvttles Year ended 31 D0￿mb*r 2024 2024 2023 Ineom? and èndowments Donatlons and legxles Off8rings Gift LegaThes Rena Clark Legacy Lady Hewley Trust Biff8 Aw8rd Gr8nl Unlted Reform Church East Cleveland Group Unite(l Refomi Church Northem Synod North Gas Network Nob￿ Charity Trust Tees Foundati Southbank 8aDtist Church Just Sow Baplisl Insurdnce Grant 58,412 7,865 70.974 9.793 71,825 35,877 35,877 1,221 6,758 1.492 3,000 99,214 2,OCM) 2.500 7,5(KJ 10,000 5,000 303.193 131,115 Charltable actlvltles Common Ground Fifst Baptist Church Wo(Ktway Texas First Celina Baptist ctwjrch Texos Vardy Foundation Eden Network Grant Funding Northem Eaptist Associatson - Home Mission Eden (Addition81 giving) Northem Ga5 Nelworks Jad( Bruntrm Trust Redcar Hydrogen Community FUTh Ay31um Project other 54.961 43,514 16,502 9,317 12,000 8.633 4,500 4,386 2,750 2.IK)O 1,650 2.175 1,187 2,493 70.133 4.393 100,328 Other tradlng actlvlilgs HaN Hire 8,230 7,048 Invgstsnent Income Bank interest received Rent received 3,819 6,6CHJ 10,419 1.244 6.600 7,844 Total Incom• 391.975 246.335 26 Redcar Baptist Church Detalled Statement of Flnanclal Actlvltles (wnllnuod) Year ended 31 De¢embor 2024 2024 2023 Expendfjture on chartt8bl• acllvttFes Mlnl$try Minr¥try Youthlchilthen Administration Amount tharged lo Eden Amount tharged lo Common GrrJund Manse Other Mknistries Sundries BU Pens￿ (Administralionl 91,244 10,734 34,979 71,254 3,333 24,112 12.PA)41 12,4221 6,QOO 2,389 318 12 6,804 857 95 10 144.723 102,392 Mission Common GI￿nd Eden Grants p8yable Missionrrexas Trip 46.441 36,659 7.517 3,573 508 10.118 7.235 67,921 94.190 E8tabllshmnt Church MaInt￿an Church building improvements RefurtAshmenl {Biffa Grant) M8nse maintenance Church deaning Church insurance & utlllues United Reform Church costs Less amounts charged to Common GTound 570 2.384 8,289 476 3,776 3.466 11,363 198 3,926 10,681 1.634 13,600) 23,770 19,393 Cwtre for Wannth Progrnm A5￿UM Seeker Program Centr6 Coordinator Chlldren and Famity Wort(er Childrens Pastor Other expenses 25.707 16.131 11.038 7,367 5,138 65.381 Just S(¥w Salary costs Eden athity Costs 51 5,380 Totsl oxp•ndltur• J2,798 220,352 Nèt Income 89,177 25.983