CHARrrY REGISTRATION NUMBER: 1187042 Warley Baptist Church Unaudited Financial Statements 31 December 2024 Chartered accountants 3B Swallowfield Courtyard Wolverhamplon Road Oldbury Wesl Midlands B69 2JG Warley Baptist Church Financial Slatements Year ended 31 December 2024 Pages Trustees, annual report 1104 Independent examiner's report to the trustees Stalement of financial activities Slalement of financial position Notes lo the financial statements 8t016 Warley Baplist Church Truslees. Annual Report Year ended 31 December 2024 The Ifu*ees presenl their report and the unaudited financial slalements of the charity lor the year ended 31 December 2024. Reference and adrnlnlslratlve delalls Reglstered charty name Warley Baptist Church Ch•rlty reglstratlon number 1187042 Prlnclpal offlce Cast￿ Road East Okybury Wesl Mldland5 8689 Thè truste88 Rev Dr R Sokolowski Flev V Sokolowski G Shepherd C A Gordon F Brogan T 8aie P Shepherd IAdminislrationl M Thomas-Hinds (Treasurer) R Ferguson C Hall K D Yeomans A Dunn O Ayinde IReswJn8d 26 March 20251 IResign8d 30 June 20241 (Appoinled 26 March 20251 IR•signed 9 Juty 20241 IR9$￿ned 31 August 20241 (Appointed 1 April 20241 (Apwinled 1 April 20241 Indopgndènt examlmr Philippa Miller-Hawkes BA CA 3B Swallowfielj Courtyard Wofverhamplon Road Oldbury West MKilands 869 2JG Warley Baptist Church Trustees. Annual Report (conrintMdJ Year ended 31 December 2024 Structure> governance and management The Church is conslituled by Irusl as a Charrtable Incorporated Organisation ICIOI registered on the 18th December 2019. The Iruslees shown atrx)ve constrtute the board o19overnance ol the charity and exercise their governance Ihiough monthly Iruslee meetings. Day to day managemenl ol the charity is performed by the Trustees. On 9 FebnJary 2023 Ihe charity received all funds from their previously unincorporaled charity. There musl be al least 4 Trustees aprxsinled lexcluding Ministers ol the Church). The apwinlmenl ol Truslegs shall ￿ undertaken by processes thal are public. e￿ar and oren so Ihal all Church Members are enabled lo consider prayerfully who shoukl be appointed as Charity Trustees. The processes shall ensure that notic8 is grven ol any forthcoming elèction so that Church Mgmbers May Ir88ty nominate prospectwe Charity Trustees whose names shall be submitted (after they havo indicated a willingness lo be appointed) lor decision lo the Church Members with the intention ol ensuring that those appointed have a suflicient level ol SUPFQrt from them. Obleetlves and actlvltlo¥ The principal purposg of the church i8 the advancerngnl ol the Christian lailh according lo th¢ principles ol Ihe Baplisl denorninalion. The church may aL80 advance education and carry out other ¢haritthe purposes in Ihe United Kingdom andlor other parts ol the worhd. We are a Baptist church rneeling regularty lor worship and seeking lo b￿sS the hxal area by proclaiming thg gosp81 and by serviThJ in practical ways. During 2024, alongside our services ol worship, we have run the lollowirYJ groups.. Bible Siudy, Prayer. Ignite, Girl's and Boys, Brigades. Monday Movers. Knit and Natter, Thursday Moming Fellowship. Younite. We've worked in partnership with Playtime @ Warley to Provide a parent and IcKldler group and have mad8 our premlses available 10 many other community groups. most notknty Sl Huberts Preschool. Wo are actively invofved wilh other local churches ar￿ have supp)rted a number ol diflèrent charities through Ihe year. We have referred lo the guidarL8 conlained in the Charity Commission's gèneral guidance on publi¢ benefit when reviewing our aims arKI objeeiives and in planning our lulur? aetiwlies. Warley Baptist Church Trustees. Annual Report (contsnL*d) Year ended 31 December 2024 Achlevements and perliKmance In the last year. we have continued to see growth in numbers attending our main setvice ol worship and were delighted to ce￿brate one baptism and to wethme several new people into membership. IntTodu¢ing Calé Church has proved suc¢esslvl as an occasional addition lo our reperloire. Our Mollo verse lor the year was.. I came that you mohl have lsfe and live it more abundanily (John 10..101 and we have sought not just lo preach this tnjlh bLrt live tt out. Youth and Children's work is a massive part ol our church's life. A huge efforl goes in lo suslainirvJ the life ol the two BrvJades- the Sunday children's ministry. Ignite." and the toddler ministry, Playtime @ Warley. This year we laun¢hed a new group, Younile, focusing on 13 - 18 year okds. Our work with Sen￿ls conlinues 10 ¢Jo very well. Monday Mov¢rs has orown in Ihe last yoar. Thursday Morning Fellowship is attracting new la￿ and olj friends alike. Knit and Naller have continued lo bless a goc*J number ol causes whilst also provKling space lor pe¢Jple lo simply bo together. W8 remain aware thal so many ol the okler ggneralion are isolated mu¢h ol the lime and that many ol our locals view Ihg church posilivety, so ellorts in Ihis area ￿e apl and frankly. lilechanging. Our buildings have been used an incieased amount Ihis year. both by us and other community groups. We were glad lo reinsla19 a Maintenance Team, who have been charged lo slay on lop ol currenl needs and lo ￿an lor the future. For further delaiL8 ol our achievements and perforn1a￿e in 2024, please request a copy ol our Annu81 Report. Flnanclal revb8w The linan¢ial ￿rfOrManCe ol the Chur¢h remained consist•nl from the prior year with a surplus achieved of £115.41912023: £111,617) in the year. Reserv•s Polley Wartey 8aplist Church's policy is lo apply ils funds in accordance with the objeclNgS ol Warley Baptist Church whilst ensuring that there are sufficient lunds lo cover al least six month's eashllow requirements in the evgnl Ihal our in¢omo was suddenly redu¢9d. Based on our accounts lor 2024 and our 8LKlgel for 2025, this will mean relaining around £50,000 ol funds as a ReseNe. Included within unreslricled funds are deSIgnalts￿ lurKJs which covef buiklir¥J malntenance and missionleommunity funding. Plans lor future perlod$ The trustees, abngside the new ministers, intend to eonlinue lo develop and explore opp)rtunilies lo serve the community better and more efleclively. In parDcuLar il is intended lo lurlher develop tho Sunday School provlsbn we currenlty run and lo continue our work wlh young families. Warley Baptist Church Trustees. Annual Report fconithwd) Year ended 31 December 2024 The Iruslees, annual report was approved on 6 October 2025 and signed on beh8M ol the board ol trustees by.. P Shepherd IAdminislTalionl Trustee Warley Baptist Church Independenl Examiner's Report to Ihe Trustees of Warley Baptist Church Year ended 31 December 2024 I report lo the liuslees on my examination ol the financial statements ol Warley Baptist Church I'the charily'l loi the year ended 31 December 2024. Responslbllltles and ba¥1$ of report As the Iruslees ol Ihe charity you are responsible lor the preparation ol the financial slaiemenls in accordance with the requirements ol the Charities Act 20111'the Act'l. I report in respect ol my examination ol the charitys financial slalemenls carried out under section 145 ol Ihe 2011 Act and in carrying ovl my examination I have followed all the applicable Directions given by the Gharity Gommission under section 1451511b) of the Act. Independent examlnerfs statement I hav9 completed my examinalbon. I conlim that no material matters have come lo my attention in conngclion wlh the examination giving mg cause lo beI￿ve thal in any material respect.. accounlir¥J r9cords were not kept in respgct ol the charity as ￿UIred by Section 130 ot the Act., or the financial slalemgnls do not accord with those records.. or the financial slalemenls do not ￿mplY with the akwlicable requirgmenls Concerning the form and eonlenl ol accounts sel oul in the Charities IAccoLtnls and Repgrtsl Regulations 2008 olher than any requirement that the accounts give a'lrue and lair, view wh￿h is not a matter considered as part ol an independent examination. I have no concerns and have come across no other matters in connection wlh the examlnallon lo which attention should t* drawn in this report in order lo enable a proper understanding ol th& accounts to b8 reached. Philippa Miller-Hawkes BA CA Independenl Examiner 3B Swallowfiekl Coutyard Wofverhampton Road Oldbury Wesl Midlands B69 2JG Warley Baplist Church Statement of Financial Activities Year ended 31 December 2024 2024 ReSIr￿ted funds Totsl funds Total funds 2023 Unreslricled funds Notè Income and ondowments Donations and legacies Charitable activities Other trading aclivili8S Investment income (Xher income 47.419 3,163 2,930 50,582 2.930 S1,841 1,278 8,600 115,231 141,191 51,841 1,278 8.600 109,138 47,261 786 7,850 Tolal Incomo 6.093 197,088 Expendlture Expenditure on charitabte actNilies Other expenditure Tot81 expendlture 9,10 12 105,751 4,776 902 106,653 4.776 111,429 80,667 4,804 85,471 110.527 902 Not Income and nel movement In fundJ 11.389) 5.191 3.802 111,617 Reconclllatlon of funds Total funds brought forward Total funds c8rrled forward 111,617 110,228 111,617 5,191 115,419 111,617 The slalemenl ol financial acllvilies Includes all gains and losses recognisgd in the year. All income and expendilure derwe from continuing activili8s. The nole¥ on pagts 8 to 16 lonn part ol these Ilnanclal stottmènts. Warley Baptist Church Stalemenl of Financial Poslllon 31 December 2024 2024 2023 Not• Flxed assets Tangible fixed assets 17 28,342 24,129 Current assets Cash al bank and in hand 87,077 87,077 115,419 87,488 Net current assets 87,488 Total assets les$ currenl Ilabllltles 111.617 Funds of the charlty Restricted funds Unrèslricled lunds 5,191 110,228 115.419 111,617 111,617 Total ch•rlty lunds 21 These financial slalements were approved by the board ol Injslees and aulhoris¢d Iof Issue on 6 October 2025, and are signed on behall ol the bjard by.. M Thornas-Hinds ITreasurerl Trustee The nole¥ on pagès 8 to 16 lorni part of these Ilnancial statements. Warley Baptist Church Notes to the Financial Statements Year ended 31 December 2024 General inforn)atlon The charty is a public benefit enlty a￿1 a registered ch•ity in England and Wales arid is unincoTporaled. The address ol the principal Ott￿e is Castle Road Easl. Oldbury, Wesl Midlands, B689W. Stal8m8nt of compllance These linancial slalements have been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK and the Republ￿ of Ireland., the Slalement ol Recommended Practice applicable lo charities FxepaTing their accounts in accordance with th& Financial Reporting Slandard applicable in the UK and ReF)ublic ol Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charilies Act 2011. Accountlng pollcles Basls ot preparatlon The accounts are pfepared on a receipts and payments basis. The tinancial statèments are prepared In sterling, wthich is the lunclh?nal currency ol thè enlSty. Golng conc8m Th8re are no material urKertainliès about Ihe charitys ability lo continue as a golng concern. Dlsclo$uro exemptlon8 The enlily sabslie$ ihe ¢￿teria ol being a small entity as delingd in FRS102 and Charities SORP IFRS 1021 and the Charilies Act 2011 and has tsken advarbtage ol the disclosure exemption8 available under paragraph 1A.7 01 FRS102. Judgemenlg and key $ource$ of ostlmatSon uncertalnty The preparation ol the financial slalgm8nls requires management lo make judgernenls, estimates and assumptions that affecl the amounts reported. The$8 eslimales and judgemenls are conlinually reviewed and are based on experience and other laclors. including expectations ol future events Ihal ale bglieved to be reasonatle under the aicumstances. Fund •¢countlng Unrestricted funds are available lor use al the disuetion ol the trustees lo further any of the charity's Pufposes. Designated funds are UnreStr￿ted funds ¢amiathed by the Irusiees lor particular future project or commitment. Reslrided funds are subjected to restrlth'ons on thgif expeThJf(ure declared by the donor or through the terms ol an appeal. aThJ fall into one ol N¥0 subrdted charity 38,328 4,580 98.283 38.328 4,580 98,283 Gran1$ Government grant in¢ome 141.191 141,191 Charltablo actlvllles Rèslricled Tolal Funds Funds 2024 Restricted Tolal Funds Funds 2023 Fund Raising - TV Audio Visual 2,930 10- Warley Baplist Church Notes lo the Financial Statements feantin￿d) Year ended 31 December 2024 Other tradlng activities Unrestricted Total Funds Unrestricted Total Funds FU￿lS 2024 Funds 2023 Events receipts Room lettir 4.049 47.792 51,841 4,049 47,792 3,842 43,419 3,842 43,419 47,261 51.841 47,261 Investment Income Unrestricted Total Funds UnTeslricled Total Funds Funds 2024 Fur￿8 2023 Interest recgivabtg 1.278 1,278 Other Incomo Unrestricted Totsl Funds Unrestrided Total Funds FLsfKIs 2024 Funds 2023 Gift ald Income tax refunds Other income 8,468 7,603 247 7,603 247 132 8,600 7,850 7,850 EXp￿d￿ture on charllable 4¢tlvltles by lund type Unreslricled Funds Reslrictod Total Fund$ FUr￿S 2024 DireGI ¢o$ls aswiated with Ihg Church 105,751 902 106,653 Urbrostri¢ted Funds Restricted Total Funds Funds 2023 Direct costs associated with the Church 80,667 80,667 11 Warley Baptisl Church Notes to Ihe Financial Statemenls (¢onlin￿d) Year ended 31 December 2024 10. Expenditure on charltable acli¥il3gs by actlvlty type Activities undertaken Total tunds direct 2024 Total fund 2023 Direct costs associated wilh the Church 106.653 106,653 80,667 Direct costs carb be anatys8d as lollows: Unr8St¥icled funds Restricted Total funds funds 2024 Minislerial costs Community support. evenls and donations Church premises Costs Conference and training costs Church Sundries Wages and salaries Pension delieil conlri1yJl￿n Employer contributions lo pension Depreciation ol as8els 2,018 20,146 43,348 495 1.196 31,460 10 3.907 3,171 2,018 20,146 43,976 495 1,196 31,460 10 3,907 3,445 106,653 628 274 105,751 902 11. Analysls of support costs unrestr￿ted funds 2,41 2,376 Restficled Total funds lurKI$ 2024 2.400 2,376 628 Independent examination lees Other accounian¢y 88ryices Legal lees 4,776 5,404 12. Other gxpgndlture Unrestricted Total Funds Unreslrided Total Funds Funds 2024 Funds 2023 A¢eounlancy Fees Legal Fees 4,776 4,776 4,176 628 4.176 628 4.776 4,776 4,804 4,804 13. Net Incom# Nel income is staled after chargintylcreditingl- 2024 2023 Depreciation ol tangib￿ fixed assets 3.445 2,292 12- Warley Baplist Church Notes to the Financial Statements (¢OnlIM￿￿) Year ended 31 December 2024 14. Independent gxaminatlon fees 2024 2023 Fees payable to the independent examiner IOT.. Independent examination ol the linancial statements 2,400 1,800 15. Staff costs The lolal stall costs arKI èmployee benelils for the reporting period are anatysed as follows.. 2024 2023 Wages and salaries Employer contributions lo p8nsion ￿an$ 31,460 3.907 29,150 3,638 32,788 35,367 The average head Count ol empbyees durir¥J thè year was 212023-. 21. No employee recewed employee Èenelits ol more Ihan £60.O¢XI ¢*Jring tho ygar12023: NIII. 16. Trustse remunoratlon and expenses Under Ihe charity's 9oveming documents. some ol Ihe Trusloes receive remuneration lor Ihdr role within Ihg charity. Two ol the TrLtslees, V Sokolowoskl & R Sokolowski received remuneration including penslon contributions during the year of £35,367. V Sokolowoski & R Sokokswski are consKlered key management personnel. Employer pension cosls 01 £3,907 were paid on beham ol the Current minlslers, V Sokolowoski & R Sokolowski during the year. Employer pension costs of £10 12023: £121 were paKI on behalf ol previous mlnlslers ol the charity. The number ol Trustees reimbursed expenses during the year was 5, aThJ the amoun18 Teimbursed lolalled t4,358. 13- Warley Baptist Church Noles lo the Financial Slatements (conUnu6¢1? Year ended 31 December 2024 17. Tanglble flxed assets Fixluies aryj fith'ngs Equipment Total Cost Al 1 January 2024 Additions 38,054 5,280 7,111 2,378 45,165 7,658 At 31 December 2024 43.334 9.489 52,823 Depreclallon Al 1 January 2024 Charge for the year Al 31 Decembgr 2024 14,580 3.059 17.639 6,456 386 21,036 3,445 6,842 24.481 Carrylng amount At 31 December 2024 25,695 2,647 655 28,342 At 31 Decembèr 2023 23,474 24,129 18. Dèferred Income 19. Pen$lons and other posi rotlremont benelll8 Detlned contrlbullon plang The amount recognised in I￿Orne or expendi￿lre as an expense in relation lo defined contribution plans was £3,90712023.' £3.6381. 20. Government grants Tho amounts recognisgd in financial slalemenls for govemmenl grant$ are as follows= 2024 2023 Recognised in ineome from donations and bgacies: Government gran1$ in¢ome 3,163 14- Warley Baptist Church Notes to Ihe Financial Statements (eonthit*dJ Year ended 31 December 2024 21. Analysis of charftable funds Unrestrlcled funds Al 1 January 202 Al 31 December 2024 Incom8 Expènditure General funds Buildings Maintenance FUTh Brigades Capilalion Contribution Missionlcommunity Fund 75.617 30,000 3.000 3,000 87,998 17,890 50 3.200 186,3871 117,8901 13.0501 13,2001 1110,5271 77,228 30,000 3,000 110,228 111.617 109.138 Al 1 January 202 Ai 31 December 2023 Income Expenditure General funds Buildings Maintenance FurKI Brigades Capitation Contribution Missionlcommunrty 135,474 55,614 3.000 3.000 159.8571 (25,6141 75,617 30.000 3,000 3,000 197.088 185,4711 111,617 Restrlcted lunds Ai 1 January 202 At 31 December 2024 Incorng Exp8ndrfure Restricted funds 6,093 19021 5,191 At 1 January 202 Al 31 December 2023 Income Expgndilure R9Stricted lunds Unreslrlcled funds are ulilsed lo prevent any restr￿ted lund deficits beiry carried forward in the accounts. Reslricled lunds Telate lo monies rgC8wed lo benefit specific aspecls ot the Church's activities which are noled below. Sandwell MBC grant to be ukn"li8ed towards pur¢hasin9 a loasler, Colleg achine, Dishwasher and Micr¢)wave lof the church. .Donalions made lo be Sole￿ ulilised towards purchasing a TV for the church. 15- Warley Baptist Church Notes to the Financlal Statements (conllnuerfj Year ended 31 December 2024 22. Analysis ot net assels between funds Unreslricled Fu￿lS Reslricled Total Funds Funds 2024 Tangible fixed assets Current assets 24,140 87,077 111,217 4.202 28,342 87,077 115,419 Nel assets 4,202 UnrestrKled Funds ReStr￿ted Total Funds Funds 2023 Tangible fixed assets Currenl asset$ 24.129 87,488 24,129 87,488 111,617 Net assets 111,617 23. Relaled p#rtSe$ Th8re are no related paty transadons lo disch)se. 16-