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2024-12-31-accounts

Mount Road Baptist Church, Hinckley

Trustees Annual Report and Financial Statements

Year ending 31 December 2024

1

Contents

1 Front Page 2 Contents

3 Legal and Administrative Information

4 - 8 Trustees Annual Report 9 Financials – Receipts and Payments

10 Financials – Assets and Liabilities

11 - 12 Independent Examiners Report

2

Mount Road Baptist Church, Hinckley

Legal and administrative Information

The Trustees present the report and independently examined financial statements for the year ended 31 December 2024

Trustees

Property Grace Baptist Trust Corporation, a company limited by guarantee. Registered in England number 592488. Registered Office: 19, Croydon Road, Caterham, Surrey CR3 6PA Assets The trustees are the Elders and Deacons listed below. They have held office during the period 1[st] January to 31 December 2024 unless otherwise stated.

Governing Document

Deed of Trust dated 7 September 2005

Registered Charitable Status

Registered Charity 1188784 With effect from 27 March 2020

Principal Address

Mount Road Baptist Church 41 Mount Road Hinckley Leicestershire LE10 1AD

Elders

Adrian Parkinson

Deacons

John Leigh, David Botterill, James McQueen, Ian Hards

Independent Examiner

Keith Wrangles 249 Coleshill Heath Road Marston Green Birmingham B37 7HY

Banker

Lloyds Bank Nuneaton

3

Trustees Annual Report

Aims and Objectives

The object of Mount Road Baptist Church, Hinckley is to advance the Christian faith for the public benefit, in accordance with the Church’s Trust Deed dated 7 September 2005 and the Church’s Constitution dated 2011, in particular but not exclusively, by spreading the Gospel of the Lord Jesus Christ.

To achieve this, Mount Road Baptist Church, Hinckley

Public Benefit

The Trustees have regard for the Charity Commission’s guidance on the public benefit requirement. They are aware of the need to ensure that Mount Road Baptist Church, Hinckley is meeting its obligation to provide public benefit.

The Church’s purposes comply directly with the following of the Charities Acts descriptions of “charitable purpose.”

Theological education is advanced through the specific work of those appointed to preach and teach within the Church and by those missionaries who are supported by the Church.

The Trust Deed permits the trust property and premises to be used as a place of public worship for the service of Almighty God, education of young persons and other purposes connected with the work of a Christian church, in accordance with the New Testament, by persons forming the church and assembling for worship, holding the doctrines set out in the Baptist Confession of Faith 1689 as re-stated in or varied by the Baptist Confession of Faith 1966

Strategies

The key strategies employed to achieve the charity’s aims and objectives are:

Significant Activities

The charity seeks to implement the strategies in the following ways:

4

Review of Achievements

Trustees

The trustees met on twelve occasions during the year and the members met four times, to consider the work of the charity. Minutes of meetings were issued to trustees or members as appropriate.

Meetings

The church meets twice on the Lord’s day for divine worship, once weekly for prayer, once weekly for bible study, a once weekly youth group, and a twice monthly Good Neighbours’ Fellowship. Two Fellowship lunches have been held and our ladies hold a regular coffee morning.

Communication

A monthly Newsletter is produced, containing details of the month’s activities. The church provides a website at www.mountroadbaptistchurch.org where all information can be obtained as well as downloading a library of ministry given on each Lord’s Day Outside noticeboards provide details of the church’s meetings Members and friends issue personal invitations. Members and friends benefit from the production of a Members and Friends Directory Information from our missionaries is distributed to members and friends, both at meetings, by WhatsApp and by printed newsletters. A Facebook page is maintained.

Use of buildings

The Local Authority has used the building twice as a polling station during the year.

Local Parking

The proposed residents’ parking order affecting Mount Road has now been withdrawn by Leicestershire County Council.

The church objected to the proposed development of the local hospital in Mount Road over parking concerns. Approval was granted and work has now commenced.

Pastoral Care

Members and friends provide spiritual help and practical support both within and outside the membership by visits, social media, and electronic means.

Missionaries

Financial, practical and prayer support was given to seven individuals or agencies based both within the UK and overseas. The charity provided financial support at 41.5 % of its General Receipts. (General Receipts £64606, Mission £26820)

5

Financial Review

The Trust Deed permits receipt of funds for the upkeep of the premises and for the incidental and other expenses attending the maintenance of public worship. Permission is given for the repair, alteration, and enlargement of the premises.

The Financial Statements have been prepared on a Receipts and Payments basis using a commercial package supplied by Data Developments.

As the church’s receipts are less than £250,000 and assets are less than £3.26m, the trustees have again opted for an Independent Examination of the Accounts. Neither the Trust Deed dated 7 September 2005, nor the Church’s Constitution and Regulations dated 16 May 2011, indicate that an Audit or Accruals Accounts are required. We thank Keith Wrangles for undertaking the Independent Examiner duties.

The church is financially dependent on the voluntary support of members and friends. Regular tax efficient giving is encouraged wherever possible and at the year-end there were fourteen active individuals using various Gift Aid schemes to support the general activities of the church. The Gift Aid Small Donations Scheme enabled the church to benefit from donations received from an unknown number of donors. Gift Aid donors also supported the church’s Restricted income.

Total General Receipts (Unrestricted) for the year were £64606 (£64335) and total General Payments (Unrestricted) were £71914 (£102452), the deficit for the year was £7308 (deficit £38117).

Once again Asset Repairs made an impact on the church’s expenditure. The final payment for the central heating repairs was £14102. The platform lift installation and associated costs and fees were £20594.

The church anticipates that further Asset Repairs will be needed and is obtaining costs to repair or replace the rear fire escape. Attention may also be required to the church flooring and possibly the church ceiling.

At the end of the year the General Fund cash total was £53965, with the other Funds, all being Restricted, totaling £1341

Gift Aid and Gift Aid Small Donations made in the last quarter of 2024 resulted in claims made to HMRC to be received, for the benefit of the General Fund, of £2293 and £515 respectively.

The trustees confirm that the financial position of the charity remains adequate to meet its immediate and short-term needs, and the trustees confirm that the charity is viable as a going concern.

The trustees continue to look to the appointment of a full-time pastor and recognize that this will have a major impact on the charity’s finances. A full financial review will be undertaken.

The Trust Deed allows for the making and holding of investments.

Fixed Asset Investments

6

The Church is the beneficial owner (subject to relevant trusts) of the freehold property known as Mount Road Baptist Chapel, Mount Road, Hinckley, the legal title to which is held by the Church’s Custodian Trustee “Grace Baptist Trust Corporation”. In accordance with standard practice the value of the property has not been entered into the Statement of Assets and Liabilities.

It was last professionally valued for re-instatement insurance purposes in 2019 at £970,000 plus VAT £194,000 and is presently index-link insured for £2,071,807 under a long-term agreement. An updated valuation will be considered in 2025.

Other non-monetary fixed assets were last valued by our Treasurer in December 2024 at a best estimate of full replacement value of £108,979 and index-linked insurance is in place of £168,000

All the church’s assets are employed directly in pursuing the charitable objectives of the Church and are adequately insured.

Liquid Investments

The investment policy is to maintain a low-risk liquid position. The aim is therefore to maintain balances in accounts that attract market-competitive deposit account bank interest but with low-risk institutions.

Reserves Policy

Our policy is to build and maintain a margin of funds to cover a minimum of three months’ expenditure. These are held in the General Fund. At the year-end our Reserve requirement was £17978.

Insurance Policy

Our policy is to adequately insure the assets and other risks. Insurances held include: Buildings, Fixed Assets, Contents, Employers and Volunteers Liability, Public Liability, Property Owners Liability, Pastoral Care Liability, Trustees Indemnity, Legal Expenses, Money, Occupational Personal Accident for Employees and Volunteers.

Future Initiatives and Plans

The church has been without a pastor since June 2017 and is actively seeking a new appointee.

If a new pastor is appointed during 2025 this will impact on the budget and a review will be presented to members.

We continue to encourage members to support our missionaries both prayerfully and practically.

The trustees will continually monitor expenditure throughout 2025, including budgeted premises repairs, to achieve a continued balanced budget.

Structure, Governance and Management

Governing Documents

The governing documents are the Deed of Trust dated 7 September 2005 and the Constitution 2011 which was approved at the Special Church Members Meeting on 16 May 2011.

The trustees are responsible for upholding and administering the church’s affairs in accordance with Governing Documents.

Appointment of Trustees

All trustees are members of the church who serve whilst it is evident that they are able and willing. New trustees are elected by members at a church member’s meeting following a recommendation by the existing trustees, in accordance with the church’s Governing Documents

Organization

The trustees meet at least monthly to review all aspects of the charity’s activities and Members’ Church Meetings are held four times a year, which includes an annual Business Meeting.

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Trustee Remuneration and Related Parties

None of the trustees receive any remuneration or other benefit for their work for the charity. There were no related party transactions reported in the year between the charity and any trustee or any third party with contractual relationships with the charity. Payments made to trustees during the year were for legitimately authorised and reimbursed expenses only.

The appointment of a Pastor in due course will involve the payment of a stipend and legitimately authorised expenses.

Risk Management

The trustees have assessed the major risks to which the charity is exposed, financial, operational and governance, and are satisfied that systems are in place to mitigate exposure to the major risks as far as possible. Such reviews are made within the meetings of the trustees. The trustees acknowledge that it has an important responsibility to be transparent to the Charity Commission and any other regulators to which it reports. As a matter of good practice, serious incidents should be reported to the Commission promptly. The trustees updated the church’s Serious Incident Reporting Policy during 2024.

Trustees’ Responsibilities in Relation to the Financial Statements

The trustees are responsible for preparing the Trustee’s Report and the financial statements in accordance with applicable law and UK Accounting Standards (UK Generally Accepted Accounting Practice).

The charity’s trustees are responsible for preparing financial statements for each financial year that gives a true and fair view of the charity’s incoming resources and application of resources during the period and its “state of affairs” at the end of each year. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of Disclosure of information to Independent Examiner

There is no relevant examination information of which the charity’s independent examiner is unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant examination information and to establish that the examiner is aware of that information.

Independent Examiners Report

This is enclosed.

Approval

This report was Independently Examined and approved on 11 February 2025 approved by the Trustees on 30 January 2025, approved at a Special Church Meeting 17 March 2025 and signed on its behalf by J McQueen, Deacon 17 March 2025.

J McQueen Deacon/Treasurer

We acknowledge that we are solely reliant on God’s goodness and mercy and are truly thankful.

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1188784 Mount Road Baptist Church, Hinckley 1188784 Receipts and payments accounts CC16a For the period To from 01.01.24 31.12.2024

Section A Receipts and payments

Unrestricted Restricted Endowment funds funds funds

A1 Receipts
Gift Aid
34,970
Gift Aid Small Donations
6,840
Other Income
213
Use of Premises
500
Other WeeklyOfferings
11,385
Income Tax recovery- Gift Aid
8,656
Income Tax recovery- GASDS
1,429
Bank Interest
613
64,606
-
-
Sub total -
Total receipts 64,606
A3 Payments
Employment Costs
-
Mission Support
26,820
Utilities
4,442
Asset Maintenance
28,008
Ministry
7,422
Other Expenses
4,662
Asset Acquisition
560
Diaconal Aid
-
-
Sub total 71,914
-
-
Sub total -
Total payments 71,914
Net of receipts/(payments) - 7,308
A5 Transfers between funds
A6 Cash funds last year end
61,273
Cash funds this year end 53,965

funds
to the nearest £
Sub total(Gross income for AR)
A2 Asset and investment sales,
(see table).
A4 Asset and investment
purchases, (see table)		 to the nearest £
648
-
1,139
-
-
162
-
-
1,949
-
-
-
1,949
-
810
-
12,000
100
-
-
658
-
13,568
-
-
-
13,568
- 11,619
12,960
1,341

funds		 to the nearest £

funds		 Total funds
to the nearest £
35,618
6,840
1,352
500
11,385
8,818
1,429
613
66,555
-
-
-
66,555
-
27,630
4,442
40,008
7,522
4,662
560
658
-
85,482
-
-
-
85,482
- 18,927
-
74,233
55,306		 Last year
to the nearest £
- 35,618 36,760
- 6,840 3,494
- 1,352 1,000
- 500 250
- 11,385 25,453
- 8,818 9,254
- 1,429 857
- 613 1,150
- 66,555 78,218
- -
- - -
- - -
- 66,555 78,218
- - -
- 27,630 32,648
- 4,442 5,021
- 40,008 54,104
- 7,522 4,472
- 4,662 7,216
- 560 -
- 658 785
- - -
- 85,482 104,246
- -
- - -
- - -
- 85,482 104,246
- 11,619 - - 18,927 - 26,028
- - -
12,960 - 74,233 100,261
1,341 - 55,306 74,233

CCXX R1 accounts (SS)

03/18/2025

1

Section B Statement of assets and liabilities at the end of the period

Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B5 Liabilities
B4 Assets retained for the
charity’s own use		 Details
Lloyds Bank Treasurers
Lloyds Bank Instant Access
Lloyds Bank 95 Day Notice
Details
HMRC Tax Reclaim due
Details
Details
Catering
Cleaning
Furniture/Furnishings
Gas/Electrics
Health/Safety
Literature
Maintenance
Media/Music
Toys/Games
Details
Total cash funds
(agree balances with receipts and payments
account(s))		 to nearest £
10,818
12,964
30,183
53,965
OK
to nearest £
2,808
-
-
-
-
-
Unrestricted
Unrestricted
Unrestricted
Unrestricted
Unrestricted
Unrestricted
Unrestricted
Unrestricted
Unrestricted
Unrestricted
funds
Unrestricted
funds
Fund to which
asset belongs
Fund to which
asset belongs
Fund to which
liability relates		 to nearest £
1,341
-
-
1,341
OK
to nearest £
41
-
-
-
-
-
Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Restricted
funds
Restricted
funds
Amount due
(optional)		 to nearest £
Endowment
funds
-
-
-
-
OK
to nearest £
Endowment
funds
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
5,123
1,171
32,123
28,048
7,695
5,779
919
26,631
1,490
When due
(optional)
-
-
-
-
-

Signed by one or two trustees on behalf of all the trustees

Signature
signed byJ McQueen		 Print Name
James McQueen		 Date of
approval
James McQueen ###

CCXX R2 accounts (SS)

03/18/2025

2

CCXX R3 accounts Issi 0311812025

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of MOUNT ROAD BAPTIST CHURCH, HINCKLEY On accounts for the year ended 31 DECEMBER 2024 Charity no (if any) 1188784 Set out on pages RECEIPTS AND PAYMENTS ACCOUNTS, DATED 0210112025, PAGES 1 AND2 I report to the trustees on my examination of the accounts of the above Charity (kne Trust") for the year ended 3111212024. 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 Act 2011 {￿he Acri. I report in resped of my examination of the Trust's accounts carried out under section 145 ofthe 2011 Act and in carying out my examination, I have follow￿1 all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Ad. Independent I have completed my examination. I confinn that no material matters have examiner's statement come to my attention in connection w¢th the examination which gives me cause to believe that in, any material respect" the accounting records were not kept in accordan￿ with section 130 of the Charities Act.. or the accounts did not accord wth the accounting records" or the accounts did not comply wrth the applicable requirements conceming the fomi and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter Considered as part of an independent examination. I have no con￿M$ and have come across no other matters in connection with the examination to which attention should ￿ drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: 1110212025 Name: KEITH WRANGLES Relevant professional qualification(s) or body (if any): Address: 249 COLESHILL HEATH ROAD MARSTON GREEN IER Oct 2018

BIRMINGHAM B37 7HY Section B Disclosure Only complete if the examiner needs to highlight material matters of con￿rn (see CC32. Independent examination of charity accounts.. directions and guidance for examiners). Give he￿ brief details of any items that the examinerwishes to disclose_ IER Oct 2018