ELTHAM PARK BAPTisf CHURCH Charty No 1190789 Annual Report and nancIal Statements For the year ended 31 Dernber 2024
ELTHAM PARK BAPTIST CHURCH Page Referen and Adnwnistrntive Ddats Trusteeg repjt ststement of A%sets and Liab15NÈs Bala[e Sheet io Notes to the knrts 11-20 Independert Examiners Rwt 21
ELTHAM PARK BAPTisf CHURCH Reference and Administrntive Detsils a)arlty Name tham Park Baptist Church arity Reglstrdtion Number IL9D789 RegIsted and Admlnlstralfve Ollke 32aWestrrttsJnt Road SE9 IJE Patricia Mary Bailey-Barday Bawh Andrèw Goldswcxthy HeatherGoldsworthy McLelsh Kathleen Nobbs Rh IddlE Jill Rackley Amdd TarliTrJ ThomasTarllng Bankas Uoyds Bank Ac 25 Gretham Street Lon(bn EC2V 7HN Independent Examiners ehj Sulli¥Bn 9 Hare & Blllet Road London SE3 ORB
Trustees, Annual Report for the period from 1st January 2024 to 31st December 2024 Charity name: Eltham Park Baptist Church Charlty reglstratlon number: 1190789 Objertlves and Activities Summoryof thepurp05es of the drity05 setoutin itsgovernlnqdocument The pr¥ncipal purpose of the ChLSrch is the advancement of the Christian faith according to the principles of the Bapt15t denomination. The Church may also advance education and carry OLrt other charitable purposes in the United Kingdom andlor other parts of the wodd. Summory oAthe main ortivities in relotion to thosepurposesfvrthepublicbenefi¢ in p0clar, the artivitiesw projetts or5ervices identified in the quounts. The Attivitie5 fftay include but are rbot restricted to.. Regular public worship. prayer, Bile studyi preaching and teaching. Baptism, as defined in the Bapt15t Union'5 Declaration of Principle. The Communion of the Lord'5 Supper which shall normally be observed at least once 8 month. Evangelism and mission, locally, regionally, nationally and internationally. The teaching, encouragement, welcome and inclusion ofyoung people. Nurture and grovrth of Christian disciples. Education and trainingforchristian 8n(J communlty setmce. Giving and encouraging pastor31 ore. SupportinE and encouraginB charitable social action irb the United Kingdom and abroad. Encouraging relationships with èrld supporting Baptlsts and other Christians. Stotement confimiinq whether the Tru5tee5 huve hadregard to the guidance issuedby the Charity Commlsslon on publlcbenefit The Trustees confimi that they have had regard to the guléance issued by the Charlty Commission on PLJblic benefit. Workingoutourpurpose through ourvision Our objertives remain the same a5 in previous ye3r5 and reflect the vision statement we wrote as a church family in 2019. To love people osjesus loves thern, we hovefocused on thefollowing three areos..
Ourrelutionshlp with God. We willseek to grow In dependenry upon God ond go deeper in ourfvith. We seek to do this so that we are strengthened to live o life thatreflects Jesu5. Mle shall listen to God and be transformed by Him through thefollowing wuys." Worship ondproyer Recdingscripture Preoching ond teoching Gods Word Ourrelotlonships with earh other. We willseek to take tsn interest in all people, encouroglng people to (Jse their gifts rjndfeel apprecioted. We will seek to 5UPPQrt and corefor one onother os we live out ourfaith through thefollowing woys.. EncourÉ7ging deeperrelotionships through smallgroups/homegroups Prorticolctireforoll IntergenerationGI ortivities Ourrelationshlp wlth the yr1d/COmmUnIty around us. We willseek to SUPPOrt each other to live ond shtsre who jesus is through the whole of our lives both within the community of Eltham und the world around us. We willseek to do this in thefollowing ways.. Be a p051tive presence in the community Shore ourfoith Be concemedAorour environment andNssues offustke These objectives continue to be the basis from which we determine our activities arbd ministries across the church. Achievements and Perfomiance Summary of the main ochievements Df the chorityp Identlfying the difference the charit*s work hos made to the circumstance5 0 its ben iorfes Jnd an wlderben s to socletyos a whole. Worship andPrayer.' We have continued to value the importance of prayer ènd sought to find ways to engage with more people_ The prayers at 10am on a Sunday mornlng, led by one of the deacons, continued to grow in numbers. Monthly prayer meetirw were held at the end of each month, alternating between Sunday and Wednesday evenings. Althou8h numbers did increase a little, these were still not well attended. In August, we held a Prayer Walk in the local area, instead of a Sunday morning service, when we prayed for the community of Eltham, especially the shops, schools and other churches. In March, the decision was made to invite the church family childien to stay in for communion- partly to enable the leaders of the children's work to participate. This was a popular move, 50 we decided to make it a permanent change. We maintained an all-age Service every month, where the children and young people Temained in the Service for the whole time. These often involved creating different crafts to help everyorbe remember the key points of a story from the Bible, Many of these Crafts were displayed on or around the wo(wJen cross in the sanctuary and helped to map the learning journey of the church's teaching. Unfortunatety. duiing the year, one of our daytime homegroups closed as we could find no one suitable and available to carry on the leadership. Some mefflbers were able to join other evening groups, but others were not. Over the year we p3rtlClP3ted a series of special services and event5_ These included invitir)g a representative from Jews for Jesus to explain the aspects of the Easter story from a Messianic jewish perspective. helping us to gain a deeper understanding of this key event. We held a Gooo Friday contemplative service, followed by a fish and chips meal hosted in the Friendship Centre. Thi5 helped us to come together as a church f3mily to remember the events of E35teT and deepen our relationships wf(h each other.
As part of our Pentec05t celebration, we joined together wlth other local churche5 from We5tmount Road for a sensory walk around Eltham Park South, where we engaged in a time of prayer and reflection, led by the new minister at St Luke's. We hope thi5 link will be the start of a new relationship and collaboration with other local churches. To commemorate Harvest this year, we invited one of our supported BMS missionary families to join us. We held a wonderful family celebration events full of food, dancing, quizzes and information on the Saturday, and discoveied more about the work of BMS during our Sunday seNice to better support their work. Ovr Girls, Brigade led the remembrantt service this year, where we learned rnore of the essential role woffien played during wartime. Chrlstmas saw an intei8CtSve servSce where we made ChristSngles- a charming nativity led by our youth,- and a beautiful Carols by Candlelight celebration. The Christmas morning family senfjce was a wonderful way to complete the season. All the events were publicised to our local community through posters, the website and in SE9 magazine, and we had a good number of visitors attend. Throughout the whole of this year, the multi-v01 approach to leadin8 our services has continued to grow. We have more people taking part and offering to help, including some of very youngest members of the church family, who so confidently led the birthday box celebration. Leodetship.. One of the Trustees, Alfred B3ssah, was felt a call to ministry during the ye2r and took on the role of Minister in Training IMITI, remaining part of the leadership team. Alfred's journey towards this role followed a success*ul 3ppllcation and recommendation for ministry bythe church during February, and agreement for him to stay on at Eltham Park as our rbew MIT in April, for the following three year5. We are able to fund this by using the last part of the legacy received in 2018 and de5ignatei6 for this purpose. Honesty Kachida, our Moderatorthroughout 2024, agreed to support Alfred in the ab$erS of a minister. Alfred's formal induttloll service wa5 held in September, just after he began his training at Spurgeon's college. We are very grateful to God for the stability and support Alfred has been able to offer durin£ this time without a minister. Our Search for a new rHini5ter continued throughout 2024 land into 2Q251. The Search Team and Trustees considered the ministerial profiles we were sent, meeting informèlly with some potential mTrnister5 and inviting one candidate to preach during the Spring. However, we recognised that Gocl Was not calling this persorb to Eltham Park. In the Autumn we informally met with two further individuals. One candidate dropped out as he accepted the position at another church, and the other visited the church to preach. We subsequently decided not to proceed with that person and at the time of writing are continuing to disorn God's will in regard to the rninisterial vacancy. As far a5 the Trustee body was concerned, there was one change during the year, with Tra Thomas stepping down for person31 reasons. Considering other leadership roles, the church unanimously agreed to John Baker tsking on the responsibility as the new Boys, Brigade captain. Buivdings." Early in the year we added a layer of insulation to the underside of the sanctuary roof and removed two huge vellts which had allowed cold air to circulate in the mcsin body of the church. This helped to reduce our heating bills, made the sanrtuary a little warmer and showed responsibility tOW8rds our environmental impact. Plans for upgrading the Manse were shared 3nd agreed with the membership. The plans involved redesigning the kitchen and adding an accessible downstairs toilet and wet room. Struttures were put in place to enable future work to extend the bathroom, should we wish to at Some later date. The
hallway under the stairs w3£ to be made wider to enable wheelchair u5er5 to acce55 the kitchen and wet room. The remaining amount of money from thè legacy (which had been allocated for premises redevelopment) along with several Specific monetary gifts given for this work would cover the bulk of the estlmated cost. of £95,000, with the remaining amoLJnt covered by the General Fund and Money saved from not paying a minister during the ministerial vacancy. To improve accessibility within the main church, handrails were added to the pulpit to support those cllmbing the stairs. A ramp was also moved to enable folk to walk or use a wheelchair to access the stage area. Furthèr plans were suggested for adding a handrail to the ramp inside the sanituary and the slope outside to help those walking or wheeling along that area. In the autumn, it was decided to redevelop aspects of the lounge to rrbake it child friendly and suttable for a creche. We needed to add usable, wipe clean mats to the floor, child-proof the cupboards and drawers, partiiion the stacked chairs and add a TV screen so that parents could easily watth the servlce on YouTube. The work commenced In the Autumn. Postomlcure." Over the year, there have been a number of diffeient activities and events aimed at developing the Pastoral Care of the church. Tuesday Lunch Club and Knit and Natter, continued to be very popular within our local cornmunity, providing both an opportunity to serve and reach out to our neighbours. Two church members offered to take on the role of contacting new attendees to help ensure that all visitors were made to feel welcome. We continued to take communion to members who could not leave their homes at this time with Al*red and Honesvs supporL 'Boxes of Blessin were provided at Easter and Christmas for those with whom we were in contact who were 80 years old or over. We know how much these were 8ppfeoated by the recipients. Church f3tnily events, that were open to the wider community, were planned over the year. These included a shared meal in April. the Harvest celebration in October, and the Christmas meal for Tuesday Lunch CILJb. We noticed an increase In attendance at church family events from those people we had seived through the Tuesday LLtnch Club and Knit and Natter. The plans for creche were another way to show loving concern for our families, by providing a warm, safe and comfortable space for children too young for Kingdom Kids. Camp fees were paid for some farnilies, enabling children and young people to access important Christian holidays and event5 that they otherwise may not have been able to. Members.. During the year we welcomed fwe new people into membershlp and have said goodbye to one couple following their move out of the area. Mission ondEvongelisfft.' This year has seen a continuatlon of the events we run to 5UPPOrt our mlssionaries. During the Harvest weekend, we raised over £8,000 for BMS World Mission, as well as spent time with our missionaries so that we could better understand their work and to pray for and support them. We supported the work of Superkidz again thi5 yeaT by collecting Easter Eggs in spring and toys at Christmas. Superkidz used these to help local children and their families who are in need. The Mannc Centre was also supplied with donated gifts at Harvest time to help them run their homeles5 shelter. In September. we again baked our way ro raising over £51X) for the Macmillan charity.
The youth camp attended by children and young people from the church during the summer wa5 very much appreciated and our younger family members benefitted greatly from the teaching and experience. Our young leader5 were praised by those organising the camp for their hard work and positive attitude. We were very proud of theml As part of our evangelistic work, we ran sever31 church family events aimed at holding a fun and safe event, where non-church folk could be welcomed into, These included the previously mentioned Harvest celebration, and events over Easter and Christmas. However, we also ran two Ladies Evenings where food was offered and fun activities 2nd crafts were offered- or just a space to sit and Ihat. Many of our lunch club visitors were pleased to attend and expressed desire5 to be included in fLrture events. Gently building of relationships is key to our evangelistic approach. A Men's breakfast was also held and more of these were planned forthe following year. The aim is to bring the men and youth of our Church together for mutual support and encoura6ement as they grow deeper in their relationship with God within a safe spa. Playwell eXpSsed a desire to build links with the church, especially at Harvest and Christmas. This will most likely be though meeting with Lunch Club. These continued links with our community are very important, to share the love of jesus in e very real way. At Christmas. a copy of Luke's Gospel wès given 35 3 gift to all the rnembers of Lunch Club. Finally, we shared with the work of XLP through the donation of the money we received through the Scf3ppage Scheme of £9,000 when we scrapped our very old mini bus. This enabled XLP to Use the money towards buying a new bu5- fit for purpose- which is regularly parked 0side the hall. Volunteerlng includingyouth work.. The chur¢h only runs because of the huge number of volunteers who make this happen. (Flower rota, office team, welcome team, tea and coffee, tech team. children's work including the brigades, horne Broup leaders, music group. Tuesday Lunch Club, Knit and Natter, deacons. fabric team and gardening and many others who have helped run one off events.) We are 3 family who work together. share our time, skllls and resources, just like any other family. It is wonderful, sometimes messy, 8 bit confusing as all families can be, bLTrt is absolutely beautiful. We are the body of Christ. an example, as the number of GB volunteers fell in 2024. church members offered to support in a rolling programme of one-off sessions. The children and youth work across our church grew in numbers and participation. The children and youth add vibrancy and life to our family and challenged us to rethink how we had always done things. Strurture. Governance andmanagement.. The appointment of trustees is made in accordance wlth the Baptist Union Guidelines and confirmed by our Church constitution. ratified in 2013. Trustees must be members of the church, nominated by a minimum of two members and voted in by 213rds of the membership present at the election. The trustees are responsible for making decisions on all matters of general concern arid importance to the church including deciding on how the funds are to be Spent but will bring all significant changes before the members of the church for final instruttion.
Financial Review Review olthe chorfrfsflnanclolposltlon ot the end of theperit As at 31 December 2024, the charity had total funds carried forward of £4,198,89412023= £4.186,5651. The funds were repre5er>ted predominantly by tsngible fixed assets. mainly the church building and the Manse whlch is avai18ble for occupation by our minister. OF these funds £Nil12023: £Nill We restricted and the balance unrestricted. When considering the financial position, the Trustees consider and monitor the cash 2nd bank balances. At the Ènd of the year. bank and cash balance5 amounted to £213,58212023.. £162,686), an increase of £50.896 over the course of the year. The Trustees have concluded that the financial posttion of the charity at the end of the period was strong with sufftcient assets available to support the planned activities In the future. Stutement explainlng the policylorholding reseNesstating whytheyare held The charitrfs policy is to hold reserves in unrestricted funds sufficient to cover 5 rnonth5' expenditure. The main sourte of income for the charity is donations from members and others attending the Church. The holding of reserves at this level enables the charity to plan activitie5 and commit to expendlture in the knowledge that Should there be a drop the level of income, or an unavoidable unplanned expenditure requirement, the charity has sufficient time to re5pofbd without a serious adverse impact. In their assessment of reseNes when applying this policy, the Trustees exclude Tangible Fixed Assets (which are not readily rea115ablel. Amountofreserves held At the end of the year the charity held free re5erve5 of £246,00912023.. £189,492). This was significantly in excess of the amount required to be held under the reserve5 policv. The reason that significant excess funds were held is that the charity retelved a substantial legèLy in 2018. The amount of the legacy was £220.165, and the legacy included no restriction5 as to its use. During 2020 the church members decided to designate two third5 of the money received through the legacy to fund an ?dditional church worker to support the minister, and the remaining one third to tund work required on the church property. During the year, considering the plan to undertake renovations on the churth's Manse, additional amounts were received 3nd designated to the Property Fund. At the end of the year the bèlance In the (Jesignated funds amounted to £120,643, leaving£125,366 within thè General Fund. Detallsoffvndsmoterialtyin delleit At the end of the yearthere were no funds materially in deficit. Explanotion oAanyuncertointiesabout the chontycontinuinqos owng concern Having considered the financial position of the charty at the year erhd, the TDOnthly accounts prepared for subsequent periods and the expected attivities over the forthcoming 12 months, the Trustees have concluded that there is no material uncertainty over the ability of the charity to continue as a going concern. They have therefore prepared the charit¢s accounts on a going concern basis.
Reference and Administratlve detalls Charity name Registered charty numter Charity's rwincipal address Eltham Park 8aptist Church 1190789 32a We5tmount Road Eltham London SE9 IJE Names of the charlty trustees who manage the charity Trn5tse na0 Offl¢e Ilf any) Date$ a¢1 rfnotlor whole year NBm• of PT#On (or bcdyl entlll¢d to appolnttrustsè Ilf Minister-in- Training (from Sep 20241 Ehham Park Baptist Church mernbers Alfred Bassah Patricia 8ailey-Barclay Andrew Goldsworthy Heather Goldsworthy Kathleen Nobbs Treasurer Rachel Priddle Secretsry Jill Rackley Arnold Tartlng TracyThomas To Jan 2024 Declaratlons The Trustees declare that they have approved the Tnjstees. Report above. Signed on behalf of the charitvs trustees on. 5[gnatU.. Name.. P051tion- Rachel Pnddle Secretsry Andrew Goldsworthv Treasurer 10
ELTHAM PARK BAPTisf CHURCH STATEMENT OF FINANCIAL AcrIvrtlES FOR THE YEAR ENDED 31 DECEMBER 2024 Totsl Total 2023 Income and endowments from Donaborys and legaoes Investmert income 133,484 3.523 44,102 9,527 143.011 3,523 44,ID2 190,636 80,786 J5 830 83,616 535 47,684 129,005 47,684 T4*al Income 181,109 9.S27 2,830 131,835 Expenditsre Charttstrk tive$ 23,941 36,419 108,420 168,780 23,941 43,299 26,782 43,299 MissKJn 9.527 45,946 108,420 2,830 29,612 104,385 Est3t4thment 104,385 Total EXP1 9.527 178.307 174,466 2,830 177,296 Net Income I (Exditre) for the 12,329 12,329 {45,461) {45,461) Net Movement Funds 12,329 12,329 {45,461) (45,4611 Recondllatlon of Total Funds bn)ught 4,186,565 4,186,565 4,232,026 4,232,026 Totsl Funds rrIed forward 4,198,891 4,198,894 4,186,565 4,186,565
ELTHAM PARK BAPTIST CHURCH BALANCE SHEET 31 DECEMBER 2024 2024 2023 Flxed Assets Tangible Xed Assos 3,952,885 3,951885 3,997,073 3,997,073 Current Assets io 54,877 213,582 268,459 36,421 kandca 162,686 199,107 Current Liabilities Creditors: arnounts falling due wlthin li {214Y)) (9,615) IlÈt Current A 246,009 189,492 Totsl assets 1esscurnt 4,198,894 4,186,565 Tot net assets or liabilibe5 4,198,894 4,186,565 aTTty Fund5 12 Unrestritted 4,198,894 4.186,565 Total Charity Fd5 4,198,894 4.186,565 rKJtes on pages 11-19 foryn an integftl part of these aXDunt& The K(Dunts WeTe apprOd by the Tn and slgned on their behalf ty: AN5rew GOldlthY Rachel Pddd Church Secretary 12
ELTHAM PARK BAPTisf CHURCH NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024 I ACCOUNTING POUCIES a 8asis of preparntion The accounts are prepared In accordare with the Charities Ststement of Recommended PrdrtKE [Charft[ SORP 2015), FRS102 and with the Charities Act 2011. tham Park Bapst Churth meets the definition of a public benefrt entlty Uer FRS102. Assets and liabilities are initially recCniZed at histori1 cost or transaction vBlue unless otherwise stated in the relevant accountiNJ pollcy notes. b Zncome recognltion All incoming $OUrceS are Irluded in the Statement of Financial Activthes when the charity 15 legally entitled to the income after any performan conditions have been met, the amount can be rne3red reliably and it is Eyobable that the irKome will reived. Donations are accounted for gross when received. Fixed asset gtfts in kind are recc9nizaJ when recavable and are includeJ at fair value. d Legacies Legacies are accounted fer at the earlier of the Estate accounts being finalised Ond notifEd and ItE Iwa being received. e Investment Income Investment income is incIled in the accounts in the year in which it is Yeceivable. f Expenditure ¢090Th All expendthre is accounted for on an accruals basis. &penditure 15 recconized there s a [jaI or constructive obligation to make payments to third parties, it is probable that setdement will be required and the amount of the thJation on be meaSUd reliabw. g Costs of raising funds The Church does rK)t make fomial appeals for funds, ond expenditsjre on these item5 is therefore r material. h Grants payable The Church makes grants to rther organisations whose charitable objeLts complement its work. TFW are accrwnted for when the recipient has Len notified of the gyant and payment is u0Thltional. i Support costs Support Costs are those that assist the Y4ork of the church but do not dirertty represent charitable activities and include Offi costs and g0veMan cost. Where support costs cannot be dIrtlY attributed to partiojlar hdIngS they have teen allocated to the cost of raising funds and expendIre on CharItae artiviti on a basis consistert wlth the use of resources. This represents direct eynditure on the governan of the church. Most of the managernent is carrfed out withovt charge by volunteer5. This intangible cost is not inclL*Jed in the Statement of Financial Activitie5 since there is no measUrale cost to the Voluntee for their 5eThi 13
J Fixed Assets Tangible fixed assets a capitali5ed rf they can be used for more than one year and cost at teast £1,000. They are initially recognised at COSt or, for donated assets, at a wsonable esknmate of thelr value on rtteir There is no reliable infomation awailable for the cost of the church premi and so on first tlme adoptlon of FRS102. the finsuran value used pwiously was adoptsd a5 deem&l cost. k Depwiation Depreaation 15 prOVed on all fixed assets, other than freehold land, to write off the cost on a straight-line basis over their expected useful Itfe, at the folk)wing rates: Frhold Pj[1dings AJrnitu and fittings io% puter5 and equipment 33Wo I Invthent Assets Investments a iTrHially statsd ot cosL Subsequently they are MeaSud at fair value with cPonges recognized In the Statement of finanaal Activities if the shares are publidy traded or their falr value can otherwise be measured reliabW. All other investment assets are shown at cost less impaimient. m Funds Unrestricted funds are available for use at the discretion of the trustees in fUrther0n of the general objectives of the charity and which have not been designated for other purpo*> Designated fuNJs comprise unrestritted funds that have been set aside by the trvstee5 for 5pecsfic purp). The aim and use of each designated fund Is set In the notes to the finanaal siatements. Rethcted funds are funds which are to be used in accordan with sFecific restrittions impd by donors or which have teen raised by the charTty for specrfic purpow. The cost of raising and administering such funds are charged against the specift fund. The aim and use of each restrtrta fvnd is set out in the Tr)tes to the financial 5tstements. EThJowment funds represert those assets which must be held permanently by the charity. InconE arising on the endowment funds can be in accordan yvith the obFcts of the charity and is induded as unrestricted income. Any capitsl gains or Itss arising on the investments fomi part of the fund. Investment management charges and legal advice relating to the fund are tharged against the fund. n Employee beneffts The charfty operates a define£l contributFon plan for mlnister and mlnister-ln-tralnlng. A defined contribution plèn s a pension p13n under which the charity pays fixed contn"bub"ons irto a separate entsty. Once the contributions have LEen paid the tharity has no further payments cA)iigations. The contr¢butions are rerognised as an expense when tw are due. Amounts not paid are sF¥)wn in accsuals in the balan sheet The assets of the plan are held separately from the charity in an independendy administered ftjnd. 14
Donations and Legacies 2024 2023 DDnations and LegaLies iin 115,380 7,872 123,252 69,531 Tax refurKJs 18,023 18,630 ,OS4 Other dort&on5 81 1,129 1,031 Total 133,484 9.1 143,011 83,616 Investment Incorne 2023 Investment IncthnÈ 3,523 3,523 535 Total 3,3 3.523 535 Other activities 2024 2023 Income from othw activit Premises and minibJ5 hire f&$ 28,993 28,993 41,197 sUu5 on Scrapp of minibus 8,880 Lunch dub 6,229 6,229 6,487 Total 44,102 44,102 47,684
Ministry 2023 11,236 MInelS si"pend, nsK)n and Nt Mlnlster In Training's slopend, nsIOn 9,452 9,452 16,659 Lfjitiro sFe T20 COnfereTr If i&) 235 O)urth miTritrAJs 1,092 1,092 1235 Olher mlnlsty ows 289 2,702 Officestaffir 5,345 S,345 4,f40 tGcdOons 1,645 Printing, p05tsge Y3tKnery 607 607 1,079 Indertrtdentexaminalion 2,280 280 I0 otheradminlstrative cnst iii iii Totsl 23,941 ,941 43,299 Mission 2024 2023 Grnnts ble a)ildren and youth 28,600 9,527 38,127 22,500 2,304 5,158 1304 1429 4,552 131 Catering Costs 5,158 357 357 Totsl 36,419 9,527 29,612 2024 2023 Grnnts payable BLB Home Mis90n 6,LKJO 5,000 BMS Wortd Mfj&sk)n 8,479 13,479 7,830 9,C#)O Other rnlssM)naries 7,800 870 Other dwritsbk Iwgarn5a1rn5 Totsl 28.600 9,527 38,127 22,500
Estsbli5hment 2024 2023 Manse expenses 4,651 4,651 7,240 11,223 1,550 4.368 Manse refurLxshrrwt 7,240 11,223 aeaners 10,544 1,592 4,811 3),031 ni materials 1,550 4,647 15,727 4,405 4,647 15,T27 4,405 Llght and heat R&e5 ond w 4,457 459 459 203 Telephone and htemet Repairs and maintenarte Srnall equIwet t>epreciabon T(knl 927 927 812 12522 12,S22 10,756 i.ooi I,coi 44,068 46,033 108,420 106,420 104.385 Stsff costs and Trustees expenses 2024 2023 Stsff costs Gross sa 25,¢K6 39,%9 Soctaf security thsts Employerfs nOftaI InsUrae Employers penslon contributtor Couwl tax, water rates etc Pen%ort te&s 700 1516 696 43,775 The average number of empbyees during the year was: No employee receweé emoluments in excess of £60.000 during the year. Chjr Minister-in-tralnlng, who was in Offi from September 2024, act8J as one of the (hurch's tNStees in accordance wlth the Trust Deed and recelved remuneratjon of £8,752 in respect of his Se15 a5 Minister-in- training. r Minister, who was in Offi until mld-Aprll 2023, acted as one of the church's trusts in accordan with the Trust Deed and received remuneration of £9,855 and other benefits durfng 2023 in respect of servi5 as Minister, including the provision of manse accommodation owned by the church. ()Jr previous mini5ter-in-training, who was in office until the end of July 2023, acted as one of the church's tn1st in accordance wh the Trust Deed and r1ved remuneration of £14,931 during 2023 in respert of her Serv[ as Minister-in-tsBinirwJ.
The Church pay5 penshjn contributions for its Minlster and Mini*er-in-trainiFKJ to the Defined Contribution Plan within the Baptist Perfjion SdErne, which is administered by the Pension Trustee. 83pOst Pension Trust Limi. Further derails of the scheme a set out in Note 14 below. £Nil in ts)tsl was reimbursed to the Trustpes in respert of expenses inojrred as TnJst&s (2023: £Nil). 9 Tanglble Flxed Assets Chur FSxtures, Fbttlngs & Equipment Mans• Motor vehides Total TJng5ble Flxed Assets l january 2024 Idtti(x)s Di5lM)S 3,903,693 391,257 2,500 51,501 4,348,951 (2,5cKI) 12,YJOI 31 DemLr 2024 3,903,693 391,257 51,501 4246,451 Depreclatlon l January 2024 Charge for the year On dlstxkn 273,259 39,037 27.391 3,913 2,380 351,878 1,118 12,380) 31 rnir 2024 311296 31,304 l January 2024 31 De¢emLEr 2024 3.630,434 3,591,397 36366 359,953 120 2,653 1,535 3,997.073 3,9,885 l of the fixed assets are ed for dirett tharitable purm)ses. 10 Debtors 2024 2023 Accrued iTKcme 17,950 36,927 17,178 19,244 prepanentand other detiors 54,877 36,421 11 Creditors: amounts falling due within one year 2024 2023 Trdde cr&Jitors 251 cruaLs 22,199 7.949 22,4SO 9.615 18
12 Restrirted Funds l january Incoming Resources 2024 Resouvces expended G¥in5 ar¥ losses 31 Drftymber 2024 Transfers Vnrestrirtad Fd5 GeoeralFund O895ted Funds Aldlth)na worker 4,072,130 158,209 152,088 4,078,251 69,3T2 45,063 9,452 59,920 7.240 60,723 Restrkted Funds BMS Workl Mij 8,479 8,479 0therorwisats.ons Total 4,186,565 Ig),636 178,307 4,198,894 Previou$ pwd l January Incoming Resources Galns and 31 Decembei 2023 Unrestricted Funds 4,100,932 129,005 157.807 4.OT2,130 thitional Iker 86,031 16.659 69,372 45,(63 45,3 Restrltted Funds BMS Wortd MissDn 2,830 Other orgaDisaK)rs Totsl 4,231026 131,83S 177,296 4,186,565 During 2020 the church members decided to dIgnate M thirds of the money receNed thrOh a legacy in 2018 to fund an aéditional church worker to support the Minister, and the remainlng one third to fvnd work requir&J on the church property. tring 2024, tTr fund for an addonal worker was used to pay the costs of our Minister-in-Training. The property fund was used for a project to n0vate and refvrfoish the church Manse, a Fmject which c(tinUed into 2025. rJring 2024, tFE thurth reIVed money in Support of a project run by BMS Wodd Misston. On occasions, the church reiVeS money in sUprt of otr organitions. Any gjth amounts are COunted for within restricted funds. The fvnds are shown in aggregate above due to the immaterial amcwnts invofved.
13 Analysls of net assets General Totsl funds funds Tangible ffiX assets Current assets Current liairtie5 Pension Iklties 3.952,885 265,964 {19,955} 3,951885 268,459 122,4501 2,495 (2,495) Net assets at 31 DMtrer 2024 Previous p70d General funds Total nd5 funds Tallgie fixed a55ets alent assets Ojrrent lakn'l Pernsitin liatllfaes 3,997,073 198,207 (8,715} 3,997,073 193,107 (9,615) (} Neta55ets at 31 December 2023 The thurch is an parttcipating employer in a pensM)n heme known as the Baptist Penston 5dme Cthe Scheme?, which 15 a separats legal entity adTnini5tered by the Pension Trustee (Baptist Pension Trust Umtted). The assets of the Scheme are held separdtety from those of employer and the other participating employer5. Pension provision Is belng made through the Defined Contribution (DC) Plan wlthln the scheme, In general, member5 pay 8% of their Pensionable Income and employer5 pay 60/0 of members, Pensionable Income into I1Vlal pension accounts, which are operated and managed on bthlf of the PensNJn Trust* by Broadstone Corporate Benefits Ltd. In addition, the employer pays a further 4% of Peonable Income to cover Death in se7 Benefits, administration costs, and an associated insranCe wily which provKSes income protethon for Scheme members if they are unable to work due to b)ng-temi Incapaaty, This incorr prOttIon polKy has Ined by the Baptist Unw)n of Gat Britsin with Awva Limited. The Minister the Mlnlster-in-TralnlNJ a eligible to i)in the SCe.
15 Related parties The custodian Tnjstee of the church is the Baptist Union COrpatiOn rnited which is charity number 249635. and which is controlled by the Bèptist Union Council. The church is also a member of the Bapts'st Union of Great Britsin, and the London Baptlst Aswuation. The church made a donaOon to the Baptist Union Home mOn Stheme as set out in note 6. During the year, a totsl of £43,645 (2023: £26,584) was received as donations from the drS trustees and kNieS connerted to them. No conditions were attached to any of dEse donations.
FIELD lUvAN. Indepdent Examinerfs Report to the Trustees of The Eltham Park Baptist Church l pOrt to the trustees on my examination of the finanaal ststements of The Eltham Park Baptist Churd) Cthe chariv) for the year ended 31 December 2024 which compri the Stment of Financial Activiknes, the Balan Sheet and related notts, This rewrt is ma(ie solely to the tharivs trustees, as a bcJy, In accordan wlth settlon 145 of the Chariti Art 2011. My work has beer¢ undertaken so that I mlght stste to the Crity's trust those matters l am require(1 to State to them in this report and for no other purF¥)se, To the fu51& extent peitted ty law, I I not accept or assume resp)nslbility to anyone other than the charity and the charity s trustees a5 a body, for my worK for thls rerKY¢ or for the opinions I have formed. Responslbilities and basis of report 5 the trustees of the charity you are resFonsible for the preparation of the financial 5Latements in accordan with requirements of the Charitie5 Act 2011 Cthe Att). I report in re5m of my exam1nation of the charity5 financial statements carded out under tiOn 145 of the Act and in carrying out my examination I have follow&1 all the applicable Dlrections glven by the Charity Commssion under settion 145(5){b) of the Act. An independent examlnation diEs not Involve gathering all the ewdence that would be requir in an audft and consequendy dS nc cover all the matters that an auditor considers in giving their opinion on the finanaal Statemen Tr planning and condutt of an audk goes beyond the limited assuran that an independent examination can provide. Consequenvy l eXpsS no opinion a5 to whether the financial statements present 'true and fairf view and my report is limfted to those specific rnatters set out in the independent examinerfs 5tstemenL IndePendt examiner's s&itement I have completed my examination. I confirm that no material matt5 have come to my attentK)n in (x)nnection with the examinatK)n giving me cause to believe that in any rnatetial tesrett: accounting record5 were not kept in respect of the charity as reqUId by seLtion 130 of the Att; or the fina[al statements do rK)t accord with those rec(Jrds; or financial ststements do not compty with the applicable requirements conming the forrll and conient of accounts set out in the Charibe5 (Accounts and Reprts) Regulations 2008 other than arry r4uirement that the aco)unts glve a'tr and tsir view which ts not a matter considered as part of all indeperKlent examinatlon. I have no concerns and have come across no other matters in connettion wlth the examination to which attention should be drawn in this report in order to enable a proper undersianding of the financial ststements to be reached. rimothy Sulllvan FC4 Field Sullwan Limtted Chartered Accountsnts 9 Hare and Billet Road Lonthjn SE3 ORB Field Sullivan knmited Registered in Englond no. 8024052